View ValuationFortum Oyj 将来の成長Future 基準チェック /06Fortum Oyj利益と収益がそれぞれ年間3.2%と1.9%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に9.7% 3.2%なると予測されています。主要情報3.2%収益成長率3.21%EPS成長率Electric Utilities 収益成長7.7%収益成長率1.9%将来の株主資本利益率9.74%アナリストカバレッジGood最終更新日01 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • May 01First quarter 2026 earnings released: EPS: €0.47 (vs €0.41 in 1Q 2025)First quarter 2026 results: EPS: €0.47 (up from €0.41 in 1Q 2025). Revenue: €1.99b (up 21% from 1Q 2025). Net income: €421.0m (up 16% from 1Q 2025). Profit margin: 21% (down from 22% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Board Change • Apr 08High number of new directorsDirector Mika Anttonen was the last director to join the board, commencing their role in 2026.お知らせ • Apr 02Fortum Oyj Approves Dividend for Year Ended 31 December 2025, Payable on 14 April 2026Fortum Oyj announced that Annual General Meeting was held on 31 March 2026 approved dividend of EUR 0.74 per share will be paid for the financial year that ended on 31 December 2025, which corresponds to EUR 663,975,704 in total. The remaining part of the distributable funds will be retained in the unrestricted equity of the Company. The dividend will be paid to shareholders who on the record date of the dividend payment 2 April 2026 are recorded in the shareholders' register of the Company held by Euroclear Finland Oy. The dividend will be paid to the shareholders on 14 April 2026.お知らせ • Apr 01Fortum Oyj Elects Mika Anttonen and Emmanuelle Verger-Chabot as Board MembersFortum Oyj at Annual General Meeting on 31 March 2026 approved election of Mika Anttonen and Emmanuelle Verger-Chabot as new board members.Upcoming Dividend • Mar 25Upcoming dividend of €0.74 per shareEligible shareholders must have bought the stock before 01 April 2026. Payment date: 14 April 2026. Payout ratio is on the higher end at 87%, and the cash payout ratio is above 100%. Trailing yield: 3.5%. Lower than top quartile of Italian dividend payers (5.0%). In line with average of industry peers (3.8%).New Risk • Feb 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (195% cash payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change).Declared Dividend • Feb 09Dividend of €0.74 announcedShareholders will receive a dividend of €0.74. Ex-date: 1st April 2026 Payment date: 14th April 2026 Dividend yield will be 3.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but not covered by cash flows (195% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 04Full year 2025 earnings released: EPS: €0.85 (vs €1.30 in FY 2024)Full year 2025 results: EPS: €0.85 (down from €1.30 in FY 2024). Revenue: €4.99b (down 14% from FY 2024). Net income: €765.0m (down 34% from FY 2024). Profit margin: 15% (down from 20% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.お知らせ • Feb 03+ 1 more updateFortum Corporation Announces Teppo Paavola, Board Member Not Standing for Re-ElectionFortum Corporation announced that Teppo Paavola, who has been a Board member since 2020, is not available for re-election.Board Change • Jan 05High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Stefanie Kesting was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Dec 19Fortum Oyj Announces Non-Availability of Teppo Paavola for Re-Election as Board MemberFortum Oyj announced that Teppo Paavola, who has been a Board member since 2020, is not available for re-election.お知らせ • Nov 29Fortum Oyj (HLSE:FORTUM) completed the acquisition of unknown majority stake in ABO Energy Suomi Oy from ABO Energy GmbH & Co. KGaA (XTRA:AB9) for approximately €65 million.Fortum Oyj (HLSE:FORTUM) agreed to acquire an unknown majority stake in ABO Energy Suomi Oy from ABO Energy GmbH & Co. KGaA (XTRA:AB9) for approximately €70 million on July 23, 2025. A cash consideration of €42.2 million will be paid by Fortum Oyj. As part of consideration, €42.2 million is paid towards common equity of ABO Energy Suomi Oy. The purchase price is paid on debt-and-cash-free basis. In addition to the purchase price, the transaction includes earn-out payments in the coming years which are subject to projects successfully reaching a final investment decision in the future. The Transaction is subject to customary closing conditions including obtaining the necessary regulatory approvals in the relevant jurisdictions. Closing is expected in the fourth quarter of 2025. Fortum Oyj (HLSE:FORTUM) completed the acquisition of unknown majority stake in ABO Energy Suomi Oy from ABO Energy GmbH & Co. KGaA (XTRA:AB9) for approximately €65 million on November 28, 2025.Buy Or Sell Opportunity • Oct 31Now 20% undervaluedOver the last 90 days, the stock has risen 21% to €19.44. The fair value is estimated to be €24.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are also forecast to grow by 1.5% per annum over the same time period.Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: €0.058 (vs €0.15 in 3Q 2024)Third quarter 2025 results: EPS: €0.058 (down from €0.15 in 3Q 2024). Revenue: €929.0m (down 15% from 3Q 2024). Net income: €52.0m (down 61% from 3Q 2024). Profit margin: 5.6% (down from 12% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Board Change • Oct 07High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Stefanie Kesting was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Aug 21High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Stefanie Kesting was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Aug 11Fortum Oyj, Annual General Meeting, Mar 31, 2026Fortum Oyj, Annual General Meeting, Mar 31, 2026.お知らせ • Aug 08+ 3 more updatesFortum Oyj to Report First Half, 2026 Results on Jul 21, 2026Fortum Oyj announced that they will report first half, 2026 results on Jul 21, 2026Board Change • Jul 29High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Stefanie Kesting was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jul 02Fortum Oyj (HLSE:FORTUM) completed the acquisition of Orange Energia Sp. z.o.o. from Orange Polska S.A. (WSE:OPL).Fortum Oyj (HLSE:FORTUM) signed an agreement to acquire Orange Energia Sp. z.o.o. from Orange Polska S.A. (WSE:OPL) for PLN 120 million on April 24, 2025. Under the terms approximately PLN 90 million will be paid in cash and an agreed earn-out, the remaining amount will be settled by the beginning of 2029 based on achieved electricity sales volume targets. In 2024, Orange Energia Sp. z.o.o. reported loss before interest, tax, depreciation and amortization of PLN 22 million. The transaction is subject to approval by the Office of Competition and Consumer Protection and the transaction remains contingent on regulatory approval. The transaction is subject to customary closing conditions. The expected completion of the transaction is in June or July 2025. Pawel Zdort, Marek Durski, Lukasz Lech, Iwona Her, Tomasz Kordala of Rymarz Zdort Maruta acted as legal advisor to Fortum Oyj. Pawel Bajno of Bajno, Dubij, Pasternak - Radcowie Prawni Kancelaria Prawnicza sp.p. acted as legal advisor to Orange Polska S.A. Ernst & Young Polska spólka z ograniczona odpowiedzialnoscia sp.k., Investment Banking Arm led by Sebastian Jasinowski acted as financial advisor to Orange Polska S.A. Valor Partners Oy led by Jonas Seemer acted as financial advisor to Fortum Oyj. PricewaterhouseCoopers Oy acted as accountant to Fortum Oyj. Fortum Oyj (HLSE:FORTUM) completed the acquisition of Orange Energia Sp. z.o.o. from Orange Polska S.A. (WSE:OPL) on June 30, 2025.Board Change • Jun 30High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Stefanie Kesting was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jun 13Fortum Oyj Announces Appointments to the Nomination BoardFortum Corporation has appointed the following members to its Shareholders' Nomination Board: Maija Strandberg, Director General, Prime Minister's Office, Ownership Steering Department (Chair); Mikko Mursula, Chief Investment Officer, Deputy CEO, Ilmarinen Mutual Pension Insurance Company; and Risto Murto, President and CEO, Varma Mutual Pension Insurance Company. In accordance with the charter of the Fortum Shareholders' Nomination Board, three members are appointed each year, with the company's three larger shareholders as of the first working day of June entitled to appoint one member each. The Chair of Fortum's Board of Directors, Mikael Silvennoinen, will serve as an expert to the Nomination Board without the right to vote. The Nomination Board prepares and presents proposals on the remuneration, number, and members of the Board of Directors to the Annual General Meeting.お知らせ • May 01Hexa Climate Solutions Private Limited acquired Fortum India Pvt. Ltd. from Fortum Oyj (HLSE:FORTUM).Hexa Climate Solutions Private Limited acquired Fortum India Pvt. Ltd. from Fortum Oyj (HLSE:FORTUM) on April 30, 2025. Under the terms of the transaction, Hexa Climate Solutions has acquired a 100% stake in Fortum India Pvt. Ltd (FIPL), including its 40-member team, its 206MW commercial and industrial (C&I) renewable energy portfolio and approximately 600MW of ready-to-build renewable projects. With this acquisition, Hexa Climate reinforces its strong 2.5 GW development pipeline and strengthens its position as a leading climate-focused platform. There were five bidders in the sales process run by EY, including Japan’s Marubeni Corp., Dutch pension fund APG, and infrastructure fund manager AP Moller Capital. A total of 10 companies including steel and mining major ArcelorMittal had signed non-disclosure agreements (NDA) for the transaction termed as project Samsara. Hexa Climate Solutions Private Limited completed the acquisition of Fortum India Pvt. Ltd. from Fortum Oyj (HLSE:FORTUM) on April 30, 2025.Reported Earnings • Apr 29First quarter 2025 earnings released: EPS: €0.40 (vs €0.53 in 1Q 2024)First quarter 2025 results: EPS: €0.40 (down from €0.53 in 1Q 2024). Revenue: €1.65b (down 18% from 1Q 2024). Net income: €363.0m (down 23% from 1Q 2024). Profit margin: 22% (down from 23% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Apr 25Fortum Oyj (HLSE:FORTUM) signed an agreement to acquire Orange Energia Sp. z.o.o. from Orange Polska S.A. (WSE:OPL) for PLN 120 million.Fortum Oyj (HLSE:FORTUM) signed an agreement to acquire Orange Energia Sp. z.o.o. from Orange Polska S.A. (WSE:OPL) for PLN 120 million on April 24, 2025. Approximately PLN 90 million will be paid in cash. According to an agreed earn-out, the remaining amount will be settled by the beginning of 2029 based on achieved electricity sales volume targets. In 2024, Orange Energia Sp. z.o.o. reported loss before interest, tax, depreciation and amortization of PLN 22 million. The transaction is subject to customary closing conditions. The expected completion of the transaction is June 1, 2025 to July 31, 2025.Board Change • Apr 23High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Stefanie Kesting was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.業績と収益の成長予測BIT:1FORT - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20285,4398878461,2051512/31/20275,2748507971,1901812/31/20265,5479417611,269163/31/20265,339823234742N/A12/31/20254,989765341840N/A9/30/20254,980864492954N/A6/30/20255,1469446891,172N/A3/31/20255,4271,0568451,307N/A12/31/20245,8001,1649201,392N/A9/30/20246,2231,2308931,374N/A6/30/20246,3491,2879601,454N/A3/31/20246,4611,4451,2011,774N/A12/31/20236,7111,5141,2431,819N/A9/30/20237,2601,5351,6542,277N/A6/30/20237,930-217-6,874-6,272N/A3/31/20238,1001,721-7,160-6,655N/A12/31/20227,7742,080-9,246-8,767N/A9/30/20227,5382,065-8,240-7,798N/A6/30/20226,9436,5202,1822,597N/A3/31/2022-13,1323,7922,3462,610N/A12/31/20216,4223,9854,5004,970N/A9/30/202125,5303,9493,4084,157N/A6/30/202138,2831,2301,6902,672N/A3/31/202169,1511,9851,5402,824N/A12/31/202049,0151,8231,4542,555N/A9/30/202029,2891,7997661,614N/A6/30/202016,3001,8044091,086N/A3/31/20205,1142,0717311,386N/A12/31/20195,4471,482N/A1,575N/A9/30/20195,4951,318N/A1,790N/A6/30/20195,4531,191N/A1,661N/A3/31/20195,414800N/A1,282N/A12/31/20185,333843N/A804N/A9/30/20185,185895N/A1,061N/A6/30/20185,0941,201N/A1,113N/A3/31/20184,936915N/A984N/A12/31/20174,567866N/A993N/A9/30/20174,251766N/A849N/A6/30/20174,064378N/A765N/A3/31/20173,895505N/A528N/A12/31/20163,653496N/A621N/A9/30/20163,478366N/A802N/A6/30/20163,409-256N/A852N/A3/31/20163,436-196N/A1,153N/A12/31/20153,486-231N/A1,381N/A9/30/20153,674274N/A1,502N/A6/30/20153,876985N/A1,639N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 1FORTの予測収益成長率 (年間3.2% ) は 貯蓄率 ( 3.3% ) を下回っています。収益対市場: 1FORTの収益 ( 3.2% ) Italian市場 ( 11.1% ) よりも低い成長が予測されています。高成長収益: 1FORTの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 1FORTの収益 ( 1.9% ) Italian市場 ( 5.8% ) よりも低い成長が予測されています。高い収益成長: 1FORTの収益 ( 1.9% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 1FORTの 自己資本利益率 は、3年後には低くなると予測されています ( 9.7 %)。成長企業の発掘7D1Y7D1Y7D1YUtilities 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 05:38終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Fortum Oyj 18 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。34 アナリスト機関Oscar Nájar RíosBanco SantanderPeter CramptonBarclaysPeter BisztygaBarclays31 その他のアナリストを表示
Reported Earnings • May 01First quarter 2026 earnings released: EPS: €0.47 (vs €0.41 in 1Q 2025)First quarter 2026 results: EPS: €0.47 (up from €0.41 in 1Q 2025). Revenue: €1.99b (up 21% from 1Q 2025). Net income: €421.0m (up 16% from 1Q 2025). Profit margin: 21% (down from 22% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Board Change • Apr 08High number of new directorsDirector Mika Anttonen was the last director to join the board, commencing their role in 2026.
お知らせ • Apr 02Fortum Oyj Approves Dividend for Year Ended 31 December 2025, Payable on 14 April 2026Fortum Oyj announced that Annual General Meeting was held on 31 March 2026 approved dividend of EUR 0.74 per share will be paid for the financial year that ended on 31 December 2025, which corresponds to EUR 663,975,704 in total. The remaining part of the distributable funds will be retained in the unrestricted equity of the Company. The dividend will be paid to shareholders who on the record date of the dividend payment 2 April 2026 are recorded in the shareholders' register of the Company held by Euroclear Finland Oy. The dividend will be paid to the shareholders on 14 April 2026.
お知らせ • Apr 01Fortum Oyj Elects Mika Anttonen and Emmanuelle Verger-Chabot as Board MembersFortum Oyj at Annual General Meeting on 31 March 2026 approved election of Mika Anttonen and Emmanuelle Verger-Chabot as new board members.
Upcoming Dividend • Mar 25Upcoming dividend of €0.74 per shareEligible shareholders must have bought the stock before 01 April 2026. Payment date: 14 April 2026. Payout ratio is on the higher end at 87%, and the cash payout ratio is above 100%. Trailing yield: 3.5%. Lower than top quartile of Italian dividend payers (5.0%). In line with average of industry peers (3.8%).
New Risk • Feb 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (195% cash payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change).
Declared Dividend • Feb 09Dividend of €0.74 announcedShareholders will receive a dividend of €0.74. Ex-date: 1st April 2026 Payment date: 14th April 2026 Dividend yield will be 3.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but not covered by cash flows (195% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 04Full year 2025 earnings released: EPS: €0.85 (vs €1.30 in FY 2024)Full year 2025 results: EPS: €0.85 (down from €1.30 in FY 2024). Revenue: €4.99b (down 14% from FY 2024). Net income: €765.0m (down 34% from FY 2024). Profit margin: 15% (down from 20% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
お知らせ • Feb 03+ 1 more updateFortum Corporation Announces Teppo Paavola, Board Member Not Standing for Re-ElectionFortum Corporation announced that Teppo Paavola, who has been a Board member since 2020, is not available for re-election.
Board Change • Jan 05High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Stefanie Kesting was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 19Fortum Oyj Announces Non-Availability of Teppo Paavola for Re-Election as Board MemberFortum Oyj announced that Teppo Paavola, who has been a Board member since 2020, is not available for re-election.
お知らせ • Nov 29Fortum Oyj (HLSE:FORTUM) completed the acquisition of unknown majority stake in ABO Energy Suomi Oy from ABO Energy GmbH & Co. KGaA (XTRA:AB9) for approximately €65 million.Fortum Oyj (HLSE:FORTUM) agreed to acquire an unknown majority stake in ABO Energy Suomi Oy from ABO Energy GmbH & Co. KGaA (XTRA:AB9) for approximately €70 million on July 23, 2025. A cash consideration of €42.2 million will be paid by Fortum Oyj. As part of consideration, €42.2 million is paid towards common equity of ABO Energy Suomi Oy. The purchase price is paid on debt-and-cash-free basis. In addition to the purchase price, the transaction includes earn-out payments in the coming years which are subject to projects successfully reaching a final investment decision in the future. The Transaction is subject to customary closing conditions including obtaining the necessary regulatory approvals in the relevant jurisdictions. Closing is expected in the fourth quarter of 2025. Fortum Oyj (HLSE:FORTUM) completed the acquisition of unknown majority stake in ABO Energy Suomi Oy from ABO Energy GmbH & Co. KGaA (XTRA:AB9) for approximately €65 million on November 28, 2025.
Buy Or Sell Opportunity • Oct 31Now 20% undervaluedOver the last 90 days, the stock has risen 21% to €19.44. The fair value is estimated to be €24.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are also forecast to grow by 1.5% per annum over the same time period.
Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: €0.058 (vs €0.15 in 3Q 2024)Third quarter 2025 results: EPS: €0.058 (down from €0.15 in 3Q 2024). Revenue: €929.0m (down 15% from 3Q 2024). Net income: €52.0m (down 61% from 3Q 2024). Profit margin: 5.6% (down from 12% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Board Change • Oct 07High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Stefanie Kesting was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Aug 21High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Stefanie Kesting was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Aug 11Fortum Oyj, Annual General Meeting, Mar 31, 2026Fortum Oyj, Annual General Meeting, Mar 31, 2026.
お知らせ • Aug 08+ 3 more updatesFortum Oyj to Report First Half, 2026 Results on Jul 21, 2026Fortum Oyj announced that they will report first half, 2026 results on Jul 21, 2026
Board Change • Jul 29High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Stefanie Kesting was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jul 02Fortum Oyj (HLSE:FORTUM) completed the acquisition of Orange Energia Sp. z.o.o. from Orange Polska S.A. (WSE:OPL).Fortum Oyj (HLSE:FORTUM) signed an agreement to acquire Orange Energia Sp. z.o.o. from Orange Polska S.A. (WSE:OPL) for PLN 120 million on April 24, 2025. Under the terms approximately PLN 90 million will be paid in cash and an agreed earn-out, the remaining amount will be settled by the beginning of 2029 based on achieved electricity sales volume targets. In 2024, Orange Energia Sp. z.o.o. reported loss before interest, tax, depreciation and amortization of PLN 22 million. The transaction is subject to approval by the Office of Competition and Consumer Protection and the transaction remains contingent on regulatory approval. The transaction is subject to customary closing conditions. The expected completion of the transaction is in June or July 2025. Pawel Zdort, Marek Durski, Lukasz Lech, Iwona Her, Tomasz Kordala of Rymarz Zdort Maruta acted as legal advisor to Fortum Oyj. Pawel Bajno of Bajno, Dubij, Pasternak - Radcowie Prawni Kancelaria Prawnicza sp.p. acted as legal advisor to Orange Polska S.A. Ernst & Young Polska spólka z ograniczona odpowiedzialnoscia sp.k., Investment Banking Arm led by Sebastian Jasinowski acted as financial advisor to Orange Polska S.A. Valor Partners Oy led by Jonas Seemer acted as financial advisor to Fortum Oyj. PricewaterhouseCoopers Oy acted as accountant to Fortum Oyj. Fortum Oyj (HLSE:FORTUM) completed the acquisition of Orange Energia Sp. z.o.o. from Orange Polska S.A. (WSE:OPL) on June 30, 2025.
Board Change • Jun 30High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Stefanie Kesting was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 13Fortum Oyj Announces Appointments to the Nomination BoardFortum Corporation has appointed the following members to its Shareholders' Nomination Board: Maija Strandberg, Director General, Prime Minister's Office, Ownership Steering Department (Chair); Mikko Mursula, Chief Investment Officer, Deputy CEO, Ilmarinen Mutual Pension Insurance Company; and Risto Murto, President and CEO, Varma Mutual Pension Insurance Company. In accordance with the charter of the Fortum Shareholders' Nomination Board, three members are appointed each year, with the company's three larger shareholders as of the first working day of June entitled to appoint one member each. The Chair of Fortum's Board of Directors, Mikael Silvennoinen, will serve as an expert to the Nomination Board without the right to vote. The Nomination Board prepares and presents proposals on the remuneration, number, and members of the Board of Directors to the Annual General Meeting.
お知らせ • May 01Hexa Climate Solutions Private Limited acquired Fortum India Pvt. Ltd. from Fortum Oyj (HLSE:FORTUM).Hexa Climate Solutions Private Limited acquired Fortum India Pvt. Ltd. from Fortum Oyj (HLSE:FORTUM) on April 30, 2025. Under the terms of the transaction, Hexa Climate Solutions has acquired a 100% stake in Fortum India Pvt. Ltd (FIPL), including its 40-member team, its 206MW commercial and industrial (C&I) renewable energy portfolio and approximately 600MW of ready-to-build renewable projects. With this acquisition, Hexa Climate reinforces its strong 2.5 GW development pipeline and strengthens its position as a leading climate-focused platform. There were five bidders in the sales process run by EY, including Japan’s Marubeni Corp., Dutch pension fund APG, and infrastructure fund manager AP Moller Capital. A total of 10 companies including steel and mining major ArcelorMittal had signed non-disclosure agreements (NDA) for the transaction termed as project Samsara. Hexa Climate Solutions Private Limited completed the acquisition of Fortum India Pvt. Ltd. from Fortum Oyj (HLSE:FORTUM) on April 30, 2025.
Reported Earnings • Apr 29First quarter 2025 earnings released: EPS: €0.40 (vs €0.53 in 1Q 2024)First quarter 2025 results: EPS: €0.40 (down from €0.53 in 1Q 2024). Revenue: €1.65b (down 18% from 1Q 2024). Net income: €363.0m (down 23% from 1Q 2024). Profit margin: 22% (down from 23% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 25Fortum Oyj (HLSE:FORTUM) signed an agreement to acquire Orange Energia Sp. z.o.o. from Orange Polska S.A. (WSE:OPL) for PLN 120 million.Fortum Oyj (HLSE:FORTUM) signed an agreement to acquire Orange Energia Sp. z.o.o. from Orange Polska S.A. (WSE:OPL) for PLN 120 million on April 24, 2025. Approximately PLN 90 million will be paid in cash. According to an agreed earn-out, the remaining amount will be settled by the beginning of 2029 based on achieved electricity sales volume targets. In 2024, Orange Energia Sp. z.o.o. reported loss before interest, tax, depreciation and amortization of PLN 22 million. The transaction is subject to customary closing conditions. The expected completion of the transaction is June 1, 2025 to July 31, 2025.
Board Change • Apr 23High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Stefanie Kesting was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.