Fortum Oyj (CHIX:FORTMh)

€ 15.66 (0%) Market Cap: 14.56 Bil Enterprise Value: 15.05 Bil PE Ratio: 13.43 PB Ratio: 1.47 GF Score: 52/100

Q1 2025 Fortum Oyj Earnings Call Transcript

Apr 29, 2025 / 08:00AM GMT

Release Date Price: €13.52

Transcript

Key Points

Positve

Fortum Oyj (FOJCF) achieved a strong power price of EUR60.1 per megawatt hour despite lower Nordic spot prices.
The company reported a robust optimization premium, which was higher than the previous year's level.
Fortum Oyj (FOJCF) maintained a very strong financial position with a leverage ratio of 0.0 times.
The acquisition of Orange Energia doubled the customer base of Fortum's Consumer Solutions business in Poland.
Fortum Oyj (FOJCF) continues to develop its renewables pipeline, including a feasibility study for flexible pump storage hydropower in Sweden.

Negative

Hydro generation was below the long-term historical average, and nuclear volumes were negatively affected by outages.
The company's comparable operating profit declined due to lower power prices and volumes.
Fortum Oyj (FOJCF) expects a decrease in nuclear volumes by approximately 1.4 terawatt hours for the remainder of the year.
The operating cash flow decreased to EUR453 million in the first quarter.
Uncertainty in the operating environment has increased due to geopolitical conflicts and US tariff plans.

Ingela Ulfves

Fortum Oyj - Vice President - Investor Relations and Financial Communications

Good morning, everyone. A warm welcome to Fortum's webcast and news conference on our first quarter 2025 interim report. My name is Ingela Ulfves, and I'm heading the IR at Fortum. As always, this event is being recorded, and a replay will be available later today on our website.

Our CEO, Markus Rauramo; and our CFO, Tiina Tuomela, will present the group's financial and operational performance during the first quarter 2025. And after the presentations, we will then again open up for questions in our Q&A session.

Happy to hand over to Markus to start.

Markus Rauramo

Fortum Oyj - President, Chief Executive Officer, Member of the Executive Management

Thank you, Ingela. Warm welcome to our investor and media call also from my side. I will start by going through the key elements of our highlights, financial performance and market fundamentals. After that, Tiina will provide more details, especially on the financials and how this turned into our

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