Fortum Oyj gives FY results

2026-02-03 04:27:28 ET

• Fortum Oyj press release ( FOJCF ): FY Non-GAAP EPS of €0.85.
• Revenue of €4.99B (-14.0% Y/Y).
• Comparable EBITDA was EUR 1,240 (1,556) million.
• Comparable operating profit was EUR 924 (1,178) million mainly due to lower generation volumes and power prices.
• Operating profit was EUR 939 (1,325) million.
• Comparable earnings per share were EUR 0.82 (1.00
• Outlook: The Generation segment’s estimated Nordic generation hedges: approximately 75% at EUR 41 per MWh for 2026 and approximately 55% at EUR 40 per MWh for 2027. • For 2026, the optimisation premium is expected to be 8–10 EUR/MWh, and for 2027 onwards 6–8 EUR/MWh. • For the period of 2026–2030, Fortum’s committed capital expenditure is expected to be approximately EUR 2.0 billion excluding acquisitions. This includes growth capex of approximately EUR 750 million in total and maintenance capex of approximately EUR 250 million per year. For 2026, the total committed capital expenditure is expected to be approximately EUR 550 million excluding acquisitions.

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