OverviewSuggest Edit

Fortum is an energy company that operates power plants that use renewable energy sources to sell electricity, heat, cooling, and power products and services. It also sells waste services such as recycling, reutilisation, final disposal solutions and soil remediation and environmental constructions services, and other energy-related services and products e.g. consultancy services for power plants and electric vehicle charging.

TypePublic
Founded1998
HQEspoo, FI
Websitefortum.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Dec 2019)8,191(-1%)
Revenue (FY, 2018)€5.2 B(+16%)
Share Price (Sept 2021)€25.9
Cybersecurity ratingAMore

Key People/Management at Fortum

Matti Lievonen

Matti Lievonen

Chairman
Markus Rauramo

Markus Rauramo

President and CEO
Arun Aggarwal

Arun Aggarwal

SVP, Business Technology
Klaus-Dieter Maubach

Klaus-Dieter Maubach

Director
Veli-Matti Reinikkala

Veli-Matti Reinikkala

Deputy Chairman
Ingela Ulfves

Ingela Ulfves

VP- IR and Financial Communications
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Fortum Office Locations

Fortum has offices in Espoo, Kouvola, Kuopio, Kuuloja and in 31 other locations
Espoo, FI (HQ)
Keilalahdentie 2
Kouvola, FI
Ekoväylä 20
Kuopio, FI
Kaatopaikantie 316
Kuuloja, FI
Kuulojankatu
Kuuloja, FI
Kuulojankatu 1
Oulu, FI
Kiviharjunlenkki 4-6
Show all (41)

Fortum Financials and Metrics

Fortum Revenue

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Fortum's revenue was reported to be €5.24 b in FY, 2018 which is a 16% increase from the previous period.
EUR

Revenue (Q3, 2019)

1.1b

Gross profit (Q3, 2019)

527.0m

Gross profit margin (Q3, 2019), %

49.7%

Net income (Q3, 2019)

173.0m

EBIT (Q3, 2019)

124.0m

Market capitalization (22-Sept-2021)

23.0b

Closing stock price (22-Sept-2021)

25.9

Cash (30-Sept-2019)

1.3b

EV

28.5b
Fortum's current market capitalization is €23 b.
Annual
EURFY, 2016FY, 2017FY, 2018

Revenue

3.6b4.5b5.2b

Revenue growth, %

24%16%

Cost of goods sold

1.8b2.3b2.8b

Gross profit

1.8b2.2b2.4b
Quarterly
EURQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

1.2b937.0m919.0m1.6b1.1b971.0m1.7b1.1b1.1b

Cost of goods sold

604.0m483.0m466.0m825.0m555.0m545.0m917.0m526.0m533.0m

Gross profit

628.0m454.0m453.0m760.0m532.0m426.0m773.0m618.0m527.0m

Gross profit Margin, %

51%48%49%48%49%44%46%54%50%
Annual
EURFY, 2016FY, 2017FY, 2018

Cash

1.7b3.2b557.0m

Accounts Receivable

844.0m997.0m1.6b

Inventories

233.0m216.0m233.0m

Current Assets

7.0b5.9b3.3b
Quarterly
EURQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

2.7b2.8b2.9b3.4b701.0m699.0m1.7b1.2b1.3b

Accounts Receivable

841.0m615.0m732.0m1.2b1.0b1.1b1.3b938.0m844.0m

Inventories

215.0m234.0m233.0m218.0m243.0m252.0m235.0m247.0m245.0m

Current Assets

6.9b5.5b5.6b5.8b3.1b3.1b4.0b3.2b3.2b
Annual
EURFY, 2016FY, 2017FY, 2018

Net Income

504.0m882.0m858.0m

Depreciation and Amortization

373.0m464.0m536.0m

Cash From Operating Activities

621.0m993.0m804.0m

Capital Expenditures

(599.0m)(657.0m)(579.0m)
Quarterly
EURQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

340.0m271.0m625.0m400.0m615.0m661.0m359.0m967.0m1.1b

Depreciation and Amortization

110.0m220.0m336.0m133.0m262.0m397.0m137.0m278.0m421.0m

Cash From Operating Activities

282.0m514.0m699.0m273.0m634.0m767.0m751.0m1.5b1.8b

Capital Expenditures

(180.0m)(308.0m)(470.0m)(133.0m)(252.0m)(394.0m)(150.0m)(369.0m)(529.0m)
EURFY, 2016

EV/EBIT

26.1 x

EV/CFO

26.6 x

EV/FCF

749.9 x

Revenue/Employee

448.0k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

1.6 x
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Fortum Operating Metrics

Fortum's Customers was reported to be 2.5 m in FY, 2018.
FY, 2016FY, 2017FY, 2018

Customers

1.36 m2.49 m2.47 m
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Fortum Acquisitions / Subsidiaries

Company NameDateDeal Size
UniperJanuary 08, 2018€3.76 b
AMB Energia Sprzedaż Sp. z o.o.
Ånstadblåheia Vindpark AS
AS Anne Soojus
AS Fortum Tartu
AS Tartu Joujaam
AS Tartu Keskkatlamaja
Barry Danmark ApS
Blybergs Kraftaktiebolag
Brännälven Kraft AB
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Fortum Revenue Breakdown

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Fortum revenue breakdown by business segment: 18.2% from Russia, 29.9% from Consumer Solutions, 18.6% from City Solutions, 31.2% from Generation and 2.2% from Other

Fortum revenue breakdown by geographic segment: 6.3% from Poland, 20.4% from Russia, 69.0% from Nordic and 4.3% from Other

Fortum Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Fortum Online and Social Media Presence

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Fortum News and Updates

Going Green in Germany Looks Like Hardest Job for Fortum CEO

Going Green in Germany Looks Like Hardest Job for Fortum Boss

Dovre Group will purchase Industrial Reality Capture business from Fortum

Dovre Group Plc                Stock exchange release        August 16, 2021 at 7 p.m.

Fortum Removal of Uniper’s Top Brass Paves Way for Full Takeover

Fortum Removal of Uniper’s Top Brass Paves Way for Full Takeover

Finnish Utility Fortum Looking To Offload India Solar Assets

The Indian subsidiary of Finnish utility Fortum has joined the long queue of Indian solar power developers looking to sell their assets. According to media reports, Fortum India is looking to sell a majority stake in 500 megawatts of solar power projects. Fortum’s plans to sell assets has attracted …

District Heating Market: Growing Demand and Growth Opportunity | Statkraft, Fortum Oyj, Logstor A/S

District Heating Comprehensive Study by Type (Boiler, Combined Heat and Power (CHP)), Application (Residential, Commercial, Industrial), Heat Source (Geothermal, Solar, Coal, Natural Gas, Others (Oil and Petroleum)) Players and Region - Global Market Outlook to 2024. Posted via Industry Today. Foll…

Uniper says needs more answers from suitor Fortum

Germany's Uniper on Thursday said its suitor, Finnish utility Fortum, has yet to address a range of questions about its intentions in ongoing takeover talks to get management support for any deal.
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Fortum Blogs

Artificial intelligence holds a substantial promise for the power industry

Posted by: Pekka Lundmark 30.1.2019 The blog post was originally published on AI Finland’s blog on 29.11.2018. Louis Pasteur has been famed to say “Fortune favours the prepared”. I would argue that few can agree more with Pasteur than us in the power sector, because according to the laws of physics,…

Are we ready for a ‘biocircular economy’?

Posted by: Monika Kuusela 31.10.2018   The European Commission recently renewed the EU Bioeconomy Strategy and shortly before that published the updated Circular Economy legislative package focusing on waste. The Bioeconomy Strategy recognises the necessity of following principles of circularity and…

Onko EU:n päästömarkkina astunut uudelle aikakaudelle?

Posted by: Vesa Ahoniemi 27.8.2018 EU:n päästömarkkinaa haukuttiin pitkään epäonnistuneeksi, sillä finanssikriisin jälkeinen taantuma ja eräät politiikkavalinnat vetivät päästöoikeuksien kysyntää ja hintoja rajusti alaspäin. Nyt tilanne on kuitenkin toinen. Päästöoikeuksien hinta on noussut vuoden a…

Has the EU carbon market entered a new era?

Posted by: Vesa Ahoniemi 27.8.2018 The European Emissions Trading System was long considered something of a failure, as the post-2008 recession along with certain policy decisions brought demand for emission allowances – and prices – to the doldrums. Now the situation has changed. The price of a Eur…

Miltä näyttää Suomen heinäkuinen tiukka sähkömarkkinatilanne tilastojen valossa?

Posted by: Riku Merikoski 24.8.2018 Suomen kantaverkkoyhtiö Fingrid antoi torstaiaamuna 19.7. varoituksen maassamme erittäin harvinaisesta sähköpulan uhasta. Fingridin mukaan vastaava varoitus oli viimeksi annettu tammikuussa vuosina 2006 ja 2008. Samoin kuin näillä aikaisemmilla kerroilla, myös hei…

Greetings from Almedalen

Posted by: Per-Oscar Hedman 17.7.2018 Over the years Almedalen has evolved to become what is today an intense meeting place for Swedish representatives from politics, government officials, NGOs, media, and corporations. During the first week of July, the 45,000 participants could choose from more th…

Fortum Frequently Asked Questions

  • When was Fortum founded?

    Fortum was founded in 1998.

  • Who are Fortum key executives?

    Fortum's key executives are Matti Lievonen, Markus Rauramo and Arun Aggarwal.

  • How many employees does Fortum have?

    Fortum has 8,191 employees.

  • What is Fortum revenue?

    Latest Fortum annual revenue is €5.2 b.

  • What is Fortum revenue per employee?

    Latest Fortum revenue per employee is €640 k.

  • Who are Fortum competitors?

    Competitors of Fortum include CEZ Group, Enka Insaat ve Sanayi and MVV Energie.

  • Where is Fortum headquarters?

    Fortum headquarters is located at Keilalahdentie 2, Espoo.

  • Where are Fortum offices?

    Fortum has offices in Espoo, Kouvola, Kuopio, Kuuloja and in 31 other locations.

  • How many offices does Fortum have?

    Fortum has 41 offices.