Fortum : Q3 2019. More questions than answers
>Results broadly in line with our expectations. - Fortum reported yesterday its Q3 results, which were in line with our expectations. Like-for-like EBITDA was up 28% to € 295m vs our forecasts of € 288m, and l-f-l EBIT +59% to € 153m vs our forecast of € 164m. The contribution from equity affiliates (mainly driven by Uniper's already known exceptional profit in Q2) amounted to € 106m, in line with our expectations. Recurring EPS was slightly below our expectations at ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.