View ValuationFortum Oyj 향후 성장Future 기준 점검 0/6Fortum Oyj (는) 각각 연간 3.2% 및 1.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 3.2% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 9.7% 로 예상됩니다.핵심 정보3.2%이익 성장률3.21%EPS 성장률Electric Utilities 이익 성장7.7%매출 성장률1.9%향후 자기자본이익률9.74%애널리스트 커버리지Good마지막 업데이트01 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • Aug 11Fortum Oyj, Annual General Meeting, Mar 31, 2026Fortum Oyj, Annual General Meeting, Mar 31, 2026.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.이익 및 매출 성장 예측BIT:1FORT - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20285,4398878461,2051512/31/20275,2748507971,1901812/31/20265,5479417611,269163/31/20265,339823234742N/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/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 1FORT 의 연간 예상 수익 증가율(3.2%)이 saving rate(3.3%) 미만입니다.수익 vs 시장: 1FORT 의 연간 수익(3.2%)이 Italian 시장(11.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 1FORT 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 1FORT 의 수익(연간 1.9%)이 Italian 시장(연간 5.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 1FORT 의 수익(연간 1.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 1FORT의 자본 수익률은 3년 후 9.7%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YUtilities 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 03:48종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Fortum Oyj는 34명의 분석가가 다루고 있습니다. 이 중 18명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Oscar Nájar RíosBanco SantanderPeter CramptonBarclaysPeter BisztygaBarclays31명의 분석가 더 보기
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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • Aug 11Fortum Oyj, Annual General Meeting, Mar 31, 2026Fortum Oyj, Annual General Meeting, Mar 31, 2026.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.