Fortum Corp - Company Profile
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Fortum Corp (Fortum) is a clean energy company that generates, distributes and sells heat and electricity. The company carries out the operation and maintenance of power plants; and offers energy-related services. Fortum's operational assets include hydropower plants, condensing power plants, wind power plants, nuclear reactors and combined heat and power plants. The company generates electricity from hydro, nuclear, natural gas, coal, biofuel, wind, solar, and waste derived fuels, among others. The company offerings also include district heating, nuclear safety and waste management services. It has operations in Estonia, Finland, Latvia, Poland, Russia, Lithuania, Norway, and Sweden, among others. Fortum is headquartered in Espoo, Finland.
Headquarters
Finland
Address
Keilalahdentie 2-4, Espoo, 02150
Website
www.fortum.fi
Telephone
358 10 4511
No of Employees
4,636
Industry
Power
Ticker Symbol & Exchange
FORTUM (HEL)
Revenue (2024)
$5.6B
-14%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-34.3%
(2024 vs 2023)
Market Cap*
$23.6B
Net Profit Margin (2024)
XYZ
-23.6%
(2024 vs 2023)
* As of and is in US$
Fortum Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Heat | Power Purchase Agreements |
| Electricity | Energy Hedging Services |
| Cooling | Data Center Energy Solutions |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In September, the company partnered with the Municipality of Teuva to build an industrial site located in Karppio, Teuva, Finland. |
| 2026 | Contracts/Agreements | In September, the company partnered with Google to continue operating the Loviisa nuclear power plant until its operating licenses expire in 2050. |
| 2026 | Contracts/Agreements | In August, the company and Tornator agreed to collaborate on developing wind power opportunities in Eastern Finland to support Finland’s electrification and energy security. |
Competitor Comparison
| Key Parameters | Fortum Corp | Electricite de France SA | E.ON SE | Enel SpA | Engie SA |
|---|---|---|---|---|---|
| Headquarters | Finland | France | Germany | Italy | France |
| City | Espoo | Paris | Essen | Roma | La Garenne-Colombes |
| State/Province | - | Ile-de-France | Rheinland-Pfalz | Lazio | Ile-de-France |
| No. of Employees | 4,636 | 197,363 | 78,322 | 61,900 | 91,189 |
| Entity Type | Public | Private | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mikael Silvennoinen | Chairman | Executive Board | 2023 | 70 |
| Markus Rauramo | Chief Executive Officer; President | Senior Management | 2020 | 58 |
| Tiina Tuomela | Chief Financial Officer | Senior Management | 2023 | 60 |
| Jonas Gustavsson | Vice Chairman | Executive Board | - | 59 |
| Mikael Ronnblad | Executive Vice President - Consumer Solutions, Digitalisation and Innovation | Senior Management | 2017 | 57 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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