Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Fortum : Une faible visibilité qui se traduit par un certain attentisme

>Des résultats inférieurs à nos attentes peu de catalyseurs en vue - L'EBITDA comparable 2023 s'élève à 1 903 M€ (-6% en glissement annuel), en ligne avec celui d'ODDO BHF à 1 891 M€ mais inférieur à l'estimation du consensus Vara de 2 030 M€. Le résultat opérationnel comparable s'élève à 1 544 M€ (-4%) en dessous de notre prévision et du consensus à respectivement 1 599 M€ et 1 647 M€. Par division, la baisse s'explique principalement par la contre-performance de l'a...
Underlying
Fortum Oyj

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

Other Reports on these Companies
Other Reports from Oddo BHF
Matthias Desmarais
  • Matthias Desmarais

ResearchPool Subscriptions

Get the most out of your insights

Get in touch