Fortum Oyj Future Growth

Future criteria checks 0/6

Fortum Oyj's revenue and earnings are forecast to decline at 4.1% and 12% per annum respectively. EPS is expected to decline by 11.7% per annum. Return on equity is forecast to be 9.8% in 3 years.

Key information

-12.0%

Earnings growth rate

-11.7%

EPS growth rate

Electric Utilities earnings growth	9.4%
Revenue growth rate	-4.1%
Future return on equity	9.8%
Analyst coverage	Good
Last updated	15 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

OTCPK:FOJC.Y - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	5,498	816	689	1,202	13
12/31/2025	5,637	877	755	1,331	15
12/31/2024	6,000	1,080	1,266	1,765	14
9/30/2024	6,223	1,230	893	1,374	N/A
6/30/2024	6,349	1,287	960	1,454	N/A
3/31/2024	6,461	1,445	1,201	1,774	N/A
12/31/2023	6,711	1,514	1,243	1,819	N/A
9/30/2023	7,260	1,535	1,654	2,277	N/A
6/30/2023	7,930	-217	-6,874	-6,272	N/A
3/31/2023	8,100	1,721	-7,160	-6,655	N/A
12/31/2022	7,774	2,080	-9,246	-8,767	N/A
9/30/2022	7,538	2,065	-8,240	-7,798	N/A
6/30/2022	6,943	6,520	2,182	2,597	N/A
3/31/2022	-13,132	3,792	2,346	2,610	N/A
12/31/2021	6,422	3,985	4,500	4,970	N/A
9/30/2021	25,530	3,949	3,408	4,157	N/A
6/30/2021	38,283	1,230	1,690	2,672	N/A
3/31/2021	69,151	1,985	1,540	2,824	N/A
12/31/2020	49,015	1,823	1,454	2,555	N/A
9/30/2020	29,289	1,799	766	1,614	N/A
6/30/2020	16,300	1,804	409	1,086	N/A
3/31/2020	5,114	2,071	731	1,386	N/A
12/31/2019	5,447	1,482	880	1,575	N/A
9/30/2019	5,495	1,318	1,076	1,790	N/A
6/30/2019	5,453	1,191	965	1,661	N/A
3/31/2019	5,414	800	686	1,282	N/A
12/31/2018	5,333	843	225	804	N/A
9/30/2018	5,185	895	480	1,061	N/A
6/30/2018	5,094	1,201	N/A	1,113	N/A
3/31/2018	4,936	915	N/A	984	N/A
12/31/2017	4,567	866	N/A	993	N/A
9/30/2017	4,251	766	N/A	849	N/A
6/30/2017	4,064	378	N/A	765	N/A
3/31/2017	3,895	505	N/A	528	N/A
12/31/2016	3,653	496	N/A	621	N/A
9/30/2016	3,478	366	N/A	802	N/A
6/30/2016	3,409	-256	N/A	852	N/A
3/31/2016	3,436	-196	N/A	1,153	N/A
12/31/2015	3,486	-231	N/A	1,381	N/A
9/30/2015	3,674	274	N/A	1,502	N/A
6/30/2015	3,876	985	N/A	1,639	N/A
3/31/2015	3,966	1,064	N/A	1,799	N/A
12/31/2014	4,132	1,081	N/A	1,762	N/A
9/30/2014	4,369	1,020	N/A	1,708	N/A
6/30/2014	4,566	993	N/A	1,821	N/A
3/31/2014	4,894	1,111	N/A	1,647	N/A
12/31/2013	5,345	1,204	N/A	1,548	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FOJC.Y's earnings are forecast to decline over the next 3 years (-12% per year).

Earnings vs Market: FOJC.Y's earnings are forecast to decline over the next 3 years (-12% per year).

High Growth Earnings: FOJC.Y's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FOJC.Y's revenue is expected to decline over the next 3 years (-4.1% per year).

High Growth Revenue: FOJC.Y's revenue is forecast to decline over the next 3 years (-4.1% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FOJC.Y's Return on Equity is forecast to be low in 3 years time (9.8%).

Fortum Oyj Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Recent updates

AM Green Technology and Solutions B.V acquired Chempolis Oy/all biobased solutions businesses of Fortum/Assam Bio Ethanol Pvt Ltd from Fortum Oyj (HLSE:FORTUM).

Fortum Oyj, Annual General Meeting, Apr 01, 2025

Fortum Oyj to Report Q1, 2025 Results on Apr 29, 2025

Fortum Reportedly to Sell Majority Stakes in Renewable, EV Charging Businesses in India

Fortum Announces Executive Resignations

Fortum Oyj Announces Resignation of Bernhard Gunther as Chief Transformation Officer and Member of Leadership Team

Fortum Oyj Announces Appointment to Shareholders' Nomination Board 2024-2025

Fortum Proposes Dividend for the Year 2023, Payable on 5 April 2024 and 9 October 2024 Respectively

Fortum Announces Maija Strandberg Not to Stand for Election to the Board of Directors

Fortum Launches Green Finance Framework

Actis, Edelweiss, Petronas Reportedly Eye Fortum JV's Solar Assets

Fortum Oyj Announces Appointment to Shareholders' Nomination Board

Fortum Oyj to Report First Half, 2024 Results on Aug 15, 2024

ONGC, Four Others Reportedly Vie for Fortum Projects

Fortum Oyj (HLSE:FORTUM) entered into a business transaction to acquire Slag processing business of GRK Suomi.

Fortum Oyj (HLSE:FORTUM) signed an agreement to acquire 100% stake in Telge Energi AB from Telge (I Södertälje) Ab for SEK 450 million.

Fortum Oyj to Report Fiscal Year 2022 Results on Mar 02, 2023

Fortum Oyj to Report Nine Months, 2023 Results on Nov 02, 2023

Sistema Reportedly Drops Buying Uniper

Fortum in Final Stages of Negotiating Sale of Uniper Stake to Germany

Fortum Oyj Announces Resignation of Alexander Chuvaev as Head of its Russia Division

Fortum Still Determined to Exit Russia

NOVATEK May Consider Buying Russian Assets of Finnish Fortum

Gazprom Ready to Mull over Buying Fortum's Russian Assets

Fortum Reportedly Plans to Sell All Russian Assets

Infracapital Partners III (Euro) SCSp a fund managed by Infracapital agreed to acquire the remaining 30% stake in Fortum Recharge AS from Fortum Oyj (HLSE:FORTUM) for €80 million.

Hafslund Eco AS, Infranode Ab and HitecVision AS (OTCNO:HITV) completed the acquisition of 50% stake in Fortum Oslo Varme AS from Fortum Oyj (HLSE:FORTUM).

Hafslund Eco AS, Infranode Ab and HitecVision AS (OTCNO:HITV) completed the acquisition of 50% stake in Fortum Oslo Varme AS from Fortum Oyj (HLSE:FORTUM).

Fortum to Record Pre-Tax Impairments of Approximately Eur 2.1 Billion Related to Its Russian Operations

Fortum Oyj Announces Board Committees 2022

APG Asset Management NV, PGGM, Alecta Pensionsförsäkring, ömsesidigt, Keva and AXA IM Alts completed the acquisition of Stockholm Exergi Holding AB (publ) Fortum Oyj (HLSE:FORTUM).

Actis LLP agreed to acquire 250-MW Pavagada II and the 250-MW Rajasthan Solar Power Plants Located in India from Fortum Oyj (HLSE:FORTUM).

Fortum Oyj Approves Dividend for the Financial Year Ended on 31 December 2020, Payable on 7 May 2021

Fortum Oyj Proposes Dividend for the Year 2020

NCC and Fortum Enters A Framework Agreement Covering Maintenance Works on All of Fortum's Plants in Sweden

Brookfield, Two Others Reportedly Bid for Fortum's Assets

Fortum Oyj Announces Board Appointments

NextOil Oy acquired clear waste oil recycling and product sales operations from Fortum Oyj (HLSE:FORTUM).

Fortum Corporation Appoints Bernhard Günther as Member of the Executive Management Team, Effective 1 February 2021

Fortum Corporation Appoints Bernhard Günther as Chief Financial Officer, Effective February 1, 2021

Actis and Brookfield Asset Management Reportedly Among Front Runners for Fortum Oyj's 500 MW Indian Solar Projects

Fortum Oyj to Report Q3, 2021 Results on Nov 12, 2021

Fortum Oyj to Report Fiscal Year 2020 Results on Mar 12, 2021

Infracapital Partners III (Euro) SCSp managed by Infracapital completed the acquisition of 63% stake in Fortum Recharge AS from Fortum Oyj (HLSE:FORTUM) for €87 million.

Vantaan Energia Oy, Infranode and Keva completed the acquisition of District heating business of Fortum Oyj in south Finland from Fortum Oyj.

Fortum Oyj (HLSE:FORTUM) completed the acquisition of an additional unknown minority stake in Uniper SE (XTRA:UN01) from Elliott Management Corporation and its affiliates and Knight Vinke Energy Advisors Limited and its affiliates.

Lowell Group Limited agreed to acquire Solvencia AS from Fortum Oyj (HLSE:FORTUM).

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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