Fortum : Heading north but in no hurry
>Annual results a shade above expectations - Fortum reported yesterday FY 2022 results that were a shade above expectations. Comparable EBITDA came in at € 2,436m (+21% y-o-y) vs € 2,316m forecast by ODDO BHF and the Vara consensus. Comparable EBIT totalled € 1,871m (+31% y-o-y) versus ODDO BHF's expectation of € 1,726m and the consensus of € 1,739m. This increase was mainly due to the good performance of the Generation segment, which benefited from higher electricit...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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