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. It 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, Cd-Talo, Espoo, 02150
Website
www.fortum.fi
Telephone
358 10 4511
No of Employees
5,225
Industry
Power
Ticker Symbol & Exchange
FORTUM (HEL)
Revenue (2023)
$7.3B
-13.7%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
14.3%
(2023 vs 2022)
Market Cap*
$11.7B
Net Profit Margin (2023)
XYZ
0.8%
(2023 vs 2022)
* As of and is in US$
Fortum Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Nuclear Services |
| Heat | Energy-Related Services |
| Operation and Maintenance Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In March, the company announced its plans to construct a new emissions-free, electricity-based district heat production in the Nuijala area of Espoo, Finland. |
| 2024 | Contracts/Agreements | In March, the company and Sulzer entered into a partnership with Crosstown H2R to decrease dependence on fossil fuels. |
| 2024 | Contracts/Agreements | In February, the company and TVO Nuclear Services signed a framework agreement with Polish Polskie Elektrownie Jadrowe to assist in the development of operation and maintenance processes for the new nuclear power plant. |
Competitor Comparison
| Key Parameters | Fortum Corp | Electricite de France SA | Enel SpA | E.ON SE | Engie SA |
|---|---|---|---|---|---|
| Headquarters | Finland | France | Italy | Germany | France |
| City | Espoo | Paris | Rome | Essen | Courbevoie |
| State/Province | - | Ile-de-France | Lazio | Rheinland-Pfalz | Ile-de-France |
| No. of Employees | 5,225 | 165,028 | 65,212 | 72,242 | 97,297 |
| Entity Type | Public | Private | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Markus Rauramo | President; Chief Executive Officer | Senior Management | 2020 | 55 |
| Tiina Tuomela | Chief Financial Officer | Senior Management | 2023 | - |
| Veli-Matti Reinikkala | Chairman | Non Executive Board | 2021 | 66 |
| Mikael Lemstrom | Executive Vice President - Hydro Generation; Director | Executive Board | 2023 | - |
| Petra Lundstrom | Vice President - Nuclear Engineering Services and Co; Director | Executive Board | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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