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Last €17.35 EUR
Change Today -0.106 / -0.61%
Volume 10.3K
FOT On Other Exchanges
Symbol
Exchange
OTC US
Helsinki
OTC US
Frankfurt
As of 11:02 AM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

fortum oyj (FOT) Snapshot

Open
€17.45
Previous Close
€17.45
Day High
€17.56
Day Low
€17.29
52 Week High
03/13/15 - €21.18
52 Week Low
05/6/14 - €16.10
Market Cap
15.4B
Average Volume 10 Days
4.2K
EPS TTM
--
Shares Outstanding
888.4M
EX-Date
04/1/15
P/E TM
--
Dividend
€1.10
Dividend Yield
7.49%
Current Stock Chart for FORTUM OYJ (FOT)

Related News

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fortum oyj (FOT) Details

Fortum Oyj, together with its subsidiaries, engages in the generation, distribution, and sale of electricity and heat; and provision of energy-related expert services in the Nordic countries, the Russian Federation, and the Baltic Rim area. The company operates in four segments: Power and Technology; Heat, Electricity Sales, and Solutions; Russia; and Distribution. It is involved in hydro, nuclear, and thermal power generation; power solutions with expert services; and portfolio management and trading activities. The company also engages in the combined heat and power production, district heating and cooling activities, and business to business heating solutions, solar business, and electricity sales and related customer offerings; and power and heat generation, as well as heat distribution activities in Russia. In addition, it owns and operates distribution and regional networks. The company serves 0.9 million electricity distribution customers in Sweden; and 1.3 million private and business customers in the Nordic countries. Fortum Oyj is headquartered in Espoo, Finland.

7,977 Employees
Last Reported Date: 04/29/15

fortum oyj (FOT) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

fortum oyj (FOT) Key Developments

Fortum Corporation Provides Capex Guidance for the Year 2015

Fortum Corporation provided capex guidance for the year 2015. For the year, the company expects capex estimate of approximately EUR 0.8 billion for the continuing operations, including, the rest of the Russian capex for the investment program, and likewise, including the what it said EUR 300 million to EUR 350 million maintenance capex levels that it has now have from continuing operations.

Fortum Oyj Reports Un-Audited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Fortum Oyj reported un-audited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported sales of €1,040 million compared to €1,208 million, comparable operating profit of €343 million compared to €358 million, operating profit of €350 million compared to €366 million, profit before income tax of €350 million compared to €374 million, profit from continuing operations of €295 million compared to €312 million and profit attributable owners of the parent of €354 million or €0.40 per diluted share compared to €2,251 million or €2.53 per diluted share for the last year. Total net cash from operating activities was €603 million compared to €566 million and capital expenditures was €101 million compared to €123 million for the last year. Net debt as on March 2015 was €3,714 million compared to €4,838 million as on March 2014. Comparable EBITDA was €544 million compared to €2,483 million in last year.

Investors Seeks Stake In Slovenské

Enel SpA (BIT:ENEL) is planning to sell 66% stake in Slovenské Elektrárne A.S. Slovakia seeks bigger stake in Slovenské. Slovakia will talk to Enel about raising the government's stake in Slovenské to a majority, pushing the Italian group to change a plan to sell its entire 66% share to a private investor. Enel has put the sale of its stake at the heart of a divestment plan to cut debt and has been expecting binding bids for the share by May 9, 2015. A meeting between Prime Minister Robert Fico and Francesco Starace, Chief Executive Officer of Enel produced a range of other options, most of which suggested Enel would stay in the firm in a minority position for some time. Enel agreed to hold talks with the government over a future arrangement which could see the Italian firm selling only part of its stake, possibly to Slovakia, and staying on as a minority shareholder while the €4.6 billion nuclear plant is completed over the next two years or so. Fico said he wanted Enel to guarantee the nuclear plant's completion, and therefore disagreed with its divestment. But if it wanted to sell some shares, the government was interested in raising its 34% stake to a majority. "Our aim is to gain a majority in Slovenske, be the majority owner, and at the same time have management control," Fico said after meeting Starace. "There are many possible solutions. One of them is the state getting 51 percent and someone else buying the rest. A model where there would be three shareholders - Enel, the state and someone else, could also be a possible solution," Starace said. He added the firm could try to sell the first tranche of its shares this year, and keep the rest for the long term. Four firms have declared an interest in the Slovenske stake: CEZ, a.s. (SEP:CEZ), Energeticky a Prumyslovy Holding, a.s., Fortum Oyj (HLSE:FUM1V), Slovnaft AS (BSSE:1SLN01AE) and Magyar Villamos Muvek Zrt. EPH said it was still interested in some form of engagement after the latest developments. The Hungarian group declined to comment, but it had said earlier it would propose an offer that would fit in with the government's preferences.

 

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Industry Analysis

FOT

Industry Average

Valuation FOT Industry Range
Price/Earnings 5.2x
Price/Sales 3.5x
Price/Book 1.6x
Price/Cash Flow 9.2x
TEV/Sales 1.2x
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