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Fortum signs 22-year power supply deal with Google and shares jump sharply

Fortum's share rose about 10% after the announcement of a 22-year power purchase agreement with Google that covers up to 50% of the capacity of the Loviisa nuclear power plant. The contract secures revenues for the plant, supports a modernization and lifetime-extension program through 2050, and is likely to raise the group's return on net assets by roughly 1.4 percentage points once half the output is contractually committed. In addition, the two companies signed a memorandum of understanding to explore new nuclear, renewable and flexible capacity in Finland; Google also plans investments of at least €13 billion in Finnish digital infrastructure and €31 million for local initiatives. » More on de.investing.com
Fortum offers 47 NOK per share; Elmera hits 52-week high

Elmera's stock rose to 46.8 NOK, marking a 52-week high, after Fortum made a recommended cash offer of 47 NOK per share. The bid values Elmera at about 5.1 billion NOK and was unanimously recommended for acceptance by the board. The price gains are mainly due to takeover dynamics, while the broader market environment remained neutral. » More on de.investing.com
Fortum outperforms expectations for Q1 2026 and confirms annual outlook

Fortum reports Q1 2026 EPS of EUR 0.45 (expectation EUR 0.42) and revenue of EUR 1.99 billion (expectation EUR 1.94 billion). Operating result rose to EUR 521 million, net debt fell to EUR 1.5 billion and the liquidity reserve stands at EUR 6.4 billion. The company maintains its forecast for the optimization premium at EUR 8–10/MWh, but slightly adjusts 2026 nuclear production to 23.5–24.0 TWh due to planned outages. » More on de.investing.com

Historical dividends Dividends

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In 2026, FORTUM has already paid €0.74 in dividends. The last payout was in April.

Financials

In the last quarter, FORTUM had revenue of €1.12B and net profit of €109M

(EUR)	June 2026	YoY
Revenue	1.12B	15.40%
Gross profit	400M	1.27%
Net profit	109M	4.81%
EBITDA	246M	1.20%

Fundamentals

Metric	Value
Market capitalization	€17.36B
Number of shares	897.26M
52-week high/low	€22.12 - €14.66
Dividend yield	3.46%
Dividends TTM	€0.74
Beta	0.10
P/E ratio	23.18
PEG ratio	-1.87
P/B ratio	2.34
P/S ratio	3.48

Company profile

Fortum Oyj ist zusammen mit seinen Tochtergesellschaften in der Erzeugung und dem Verkauf von Strom und Wärme in den nordischen Ländern, Deutschland, Großbritannien, Russland, den Niederlanden, im Baltikum und international tätig. Das Segment Generation des Unternehmens erzeugt Strom aus Kernkraft, Wasserkraft, Windkraft und thermischen Ressourcen und bietet Stromportfolio-Optimierung, Handel und industrielle Intelligenz sowie nukleare Dienstleistungen an. Das Segment City Solutions entwickelt Lösungen in den Bereichen Heizung, Kühlung, Abfallverwertung, Biomasse und andere Lösungen für die Kreislaufwirtschaft sowie Solarstromerzeugung. Das Segment Consumer Solutions des Unternehmens ist im Strom- und Gaseinzelhandel tätig, einschließlich der Bereitstellung von Abrechnungs- und Kundendiensten, Strom und damit verbundenen Mehrwertprodukten sowie digitalen Dienstleistungen. Dieses Segment bedient etwa 2,4 Millionen Kunden. Das Segment Russland erzeugt und vertreibt Strom und Wärme. Das Unternehmenssegment Uniper ist in der Stromerzeugung sowie im Energiehandel und in der Optimierung von Aktivitäten tätig. Fortum Oyj wurde 1998 gegründet und hat seinen Hauptsitz in Espoo, Finnland.

Name	FORTUM
CEO	Markus Heikki-Erdem Rauramo
Headquarters	Espoo, uu Finland
Website	fortum.com
Sector	Utilities
Industry	Electric Utilities
IPO	01/03/2000
Employees	4,551