Fortum : Full consolidation of Uniper continues to come together
>H1 2021 results in line with expectations - Fortum yesterday reported H1 2021 earnings in line with estimates. L-f-l EBITDA came in up 73% y-o-y at €1.827bn vs € 1.84bn forecast (consensus € 1.796bn) and l-f-l EBIT also showed growth of 102% y-o-y at € 1.206bn vs € 1.19bn expected (consensus € 1.194bn). This performance is mainly attributable to the consolidation of Uniper in Q2 2020, with a positive scope effect over the period. See details by division on page 2. E...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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