Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Fortum : T3 impacté par la baisse des volumes hydro

>Publication en dessous des attentes - Fortum a publié hier matin des résultats T3 en dessous des attentes. L'EBITDA s'est établi à 230 M€ (+9.5%) contre 246.6 M€ attendus par nous et par le consensus, tandis que le ROC s'est élevé à 96 M€ (+2.1%) contre 118.4 M€ attendus (Consensus à 111.8 M€). Par division, le groupe a été impacté par une baisse significative de l'activité Production (-32.7%) dont le ROC est ressorti à 70 M€ vs 118 M€ attendus par le consensus. Cett...
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

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