Fortum : Q1 in line with expectations
>Q1 Results in line with expectations - Fortum reported Q1 results in line with our expectations. Comparable EBITDA totalled € 543m down by 0.4% (ODDO BHF and consensus forecasts at € 520m and € 526m, respectively) and comparable EBIT came in at € 393m, down 3.7% (ODDO BHF and consensus are forecasting € 385m). Recurring EPS was € 0.83 (€ 0.42 in Q1 2019) vs ODDO BHF and consensus estimate of € 0.63. Reported EPS came was € 1.05 (€ 0.38 in Q1 2019) including € 0.22 (€...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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