Fortum : Moving closer to the strategy of a yield company
>The increase in the supply of power is weighing on price formation - For the Nordic countries, the hydropower conditions in 2023 are characterised by a normal year, but August and September saw higher rainfall, causing reservoirs to swell to above the average at +5TWh vs -2TWh last year. In parallel to these high reserve levels, the commissioning of EPR OL3 and the installed wind capacity caused a sharp decline in market prices, from € 74/MWh to € 34/MWh for deliveri...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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