contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Analyst

Juha Kinnunen

Fortum is active in the energy sector. In addition to the provision of electricity, a number of technical solutions are offered in heat optimization as well as apps that are used to keep track of energy consumption. The company also provides charging stations for electric cars. The largest activity is found around the Nordic market. The company was founded in 1998 and is headquartered in Espoo.

I’m doing a bit of promotion for a forum thread I opened today regarding Fortum’s North American peer companies. These peers might interest Fortum investors either for benchmarking/researching the industry’s international landscape or as actual investment targets. For now, it only includes a general industry overview, but company-specific content will be added in the future.

Is a new electricity-guzzling aluminum plant emerging? Electricity demand nearly 10% of current national consumption “According to information obtained by the editorial staff, the investment would be as much as three to four billion €. Arctial’s financiers include ABB, Fortum, Mitsubishi Corporation, Rio Tinto, Siemens Financial Services, Tesi, and Vargas. They intend to make an investment decision around the middle of 2027. “Our shareholders are truly interested in the energy issue. There needs to be visibility regarding long-term electricity contracts, supply, and a competitive price for energy. We believe that Finland is able to offer a price that is competitive by European standards”                   Tekniikka&Talous – 14 Apr 26              Suomeen tulossa jättimäinen jopa 3–4 miljardin uusi tehdas, yksi historian...    Kyseessä on lajissaan ensimmäinen uusi alumiinitehdas 30 vuoteen Manner-Euroopassa, jos sen kehittäjät tekevät lopullisen investointipäätöksen vuonna 2027. Suomesta tulisi strategisesti tärkeä tuotantopaikka kysytylle teollisuuden materiaalille....

The article fails to mention that last year, Finland likely had the cheapest electricity in Western Europe. This means that the large percentage increases in electricity prices in the coming years will be smaller in absolute terms. However, the trend seems to be upward: “Finland’s wholesale price will be lower this year than last year, at 35 euros/MWh. However, the price would rise to 55 euros/MWh by 2030 and to 61 euros/MWh by 2035. In 2030, the wholesale price would be approximately 36 percent higher than in 2025, and by 2035, it would be about 51 percent higher.”                   Tekniikka&Talous – 9 Apr 26              Sähkön hinta uhkaa nousta jopa 51 %    Sähkön hinta on kivunnut Suomessa alkuvuonna rajusti. Norjalainen energia-alan konsulttiyritys Thema Consulting Group on päivittänyt viime vuonna tekemänsä ennusteen. Se arvioi, että sähkö on Suomessa tänä vuonna viime vuotta edullisempaa, mutta...

News Powered by Cision              Fortum sopimukseen Framatomen kanssa uuden eurooppalaisen ydinpolttoaineen...    FORTUM OYJ LEHDISTÖTIEDOTE 9.4.2026  Fortum ja kolme muuta eurooppalaista energiayhtiötä ovat                             Fortum and three other European energy companies have signed an agreement with the French company Framatome to develop entirely European nuclear fuel for VVER-type power plants, which includes Fortum’s Loviisa power plant. In addition to Fortum, the agreement involves ČEZ from the Czech Republic, MVM Paks from Hungary, and Slovenské Elektrárne from Slovakia. The aim of the cooperation is to diversify the companies’ fuel procurement and reduce Europe’s dependence on imported energy. Framatome’s nuclear fuel development project will proceed in stages. The first stage involves the basic design of the fuel, and the second stage includes the manufacturing and licensing of initial fuel assemblies for the Loviisa power plant. Potential regular fuel deliveries would take place in the early 2030s. The development project is based on a strong, 100% European design and supply chain, which includes Framatome’s fuel fabrication facilities in France and Germany. For Fortum, this cooperation initiated with Framatome is already the second project to diversify the fuel procurement for the Loviisa power plant. In November 2022, Fortum signed an agreement with Westinghouse Electric Company for the design, licensing, and delivery of a new Western fuel type for the Loviisa power plant. The first batch of Westinghouse-supplied fuel was loaded into Loviisa power plant’s reactor two during the 2024 annual outage. Last year, the deployment of the new fuel continued with additional Westinghouse fuel being loaded into unit two. There are 19 VVER-type reactors operating in European Union countries. Depending on the country, they produce 10–50 percent of the electricity in their operating countries. These plants are therefore very important for the security of supply of low-emission electricity in Europe.

This project is also slowly progressing.                   Yle Uutiset – 1 Apr 26              Forssan suuri datakeskus etenee – räätälöity koulutus alkaa syksyllä    Forssa tekee suuren datakeskuksen maakaupat  QTS-yrityksen kanssa huhtikuussa.                             The planned data center in Forssa, if realized, would consume approximately 6.6 terawatt-hours of electricity per year, which corresponds to eight percent of Finland’s total electricity consumption. The project would make the data center the country’s largest single electricity consumer. And to Rauma, the next: “To Rauma, more specifically to the Lakari industrial area, a very large data center project is planned, which, if realized, would be one of the largest in the world. The project is progressing, and it is expected to strengthen the region’s economy and technological profile.”  Operator: The project is backed by energy company Fortum, which is guiding operators to the area.  It seems there is a demand for electricity. Fortunately, Fortum has over 8000 megawatts already permitted in reserve for when the need arises.

Editorial / Electricity prices could be driven up by a phenomenon not seen in a decade Nordic water reserves are at their lowest in a decade, which could also affect electricity prices in Finland.                   Tärkeimmät talousuutiset | Kauppalehti – 7 Apr 26              Sähkön hintaa voi nostaa ilmiö, jota ei ole nähty vuosikymmeneen    Pohjoismaiden vesivarannot ovat alhaisimmillaan vuosikymmeneen, mikä voi heijastua sähkön hintaan myös Suomessa. Tilanne alleviivaa säävarman säätövoiman merkitystä.

Fortum’s battery recycling project in Harjavalta is progressing, and the EU is sponsoring it with tens of millions of euros. The goal is to multiply recycling capacity and improve the availability of critical materials, thus reducing dependence on China. It is also noteworthy in the attached press release that if a suitable offer comes, F can sell off its entire recycling business. And turn it into dividends?                   Fortum – 25 Mar 26              Fortum Battery Recycling signs Grant Agreement with CINEA | Fortum

Fortum

We have mainly made minor adjustments to our forecasts as the financial statements approach. The price of electricity has again made an upturn, which we are considering cautiously. Fortum’s balance sheet is already over-capitalized and there are not many investment targets for now, so dividends will be abundant for the financial year 2023.

<p>We have mainly made minor adjustments to our forecasts as the financial statements approach. The price of electricity has again made an upturn, which we are considering cautiously. Fortum’s balance sheet is already over-capitalized and there are not many investment targets for now, so dividends will be abundant for the financial year 2023. We feel this combined with a low valuation (2024e P/E below 12x) gives the stock an attractive risk-adjusted expected return. </p> 

	2022	23e	24e
Revenue	7,774.0	6,553.0	5,733.7
growth-%	21.1 %	-15.7 %	-12.5 %
EBIT (adj.)	1,611.0	1,640.2	1,349.6
EBIT-% (adj.)	20.7 %	25.0 %	23.5 %
EPS (adj.)	1.21	1.32	1.15
Dividend	0.91	1.15	1.02
Dividend %	5.9 %	5.3 %	4.7 %
P/E (adj.)	12.8	16.6	19.0
EV/EBITDA	7.0	9.4	11.4

Fortum: Abundant dividend stream

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Key Estimate Figures04.01.2024

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