Fortum : A change of focus is expected after the full-year earnings publication
>Growth underpinned by the generation activities - Pending the publication of full year earnings on 2 March, we broadly confirm our estimates for Fortum for 2022 and the following years. Several minor adjustments have been made to the model: on the operating front, we note more favourable pricing conditions on the energy markets, prompting us to raise our performance forecasts for Q4 and therefore for full-year results by +8% to € 1,490m. As for the city solutions bus...Fortum is an energy company. Co.'s operations are organised in five divisions: Hydro Power and Technology and Nuclear and Thermal Power, which are engaged in its hydro, nuclear and thermal power generation, services, portfolio management and trading as well as technology and research and development functions; Heat, Electricity Sales and Solutions, which consists of Co.'s combined heat and power production, district heating and business-to-business heating solutions, solar business, electricity sales and related customer offering; Russia, which consists of power and heat generation as well as heat distribution in Russia; and Distribution, which focuses on distribution activities in Sweden.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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