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Heat, Electricity Sales and Solutions Segment

Fortum has reorganised its business structure as of 1 April 2016. The information in the table below is dated 31 December 2015. Read more on the reorganisation:
Fortum to reorganise its business structure as of 1 April 2016 (Stock exchange release 19 Feb 2016)

Until 31 March 2016, Heat, Electricity Sales and Solutions consisted of combined heat and power (CHP) production, district heating and cooling activities and b2b heating solutions, solar business, electricity sales and Corporate Sustainability. The segment also included Fortum’s 50% holding in Fortum Värme, which is a joint venture and is accounted for using the equity method.

​Heat, Electricity Sales and Solutions Segment ​
​Geographic presence, production and distribution assets and/or customer base ​Finland, Sweden, Norway, Poland, Lithuania, Latvia, Estonia, India
* 12 CHP plants
* Hundreds of heat boilers
* Two solar power plants in India
Heat supply to one million homes in the Nordic and Baltic countries and Poland
 ~1.3 million electricity sales customers
​Market position ​* Leading heat supplier in the Nordic and Baltic countries and Poland
​Production capacity ​Power 743 MW
Heat 3,915 MW
​Volumes ​* Heat sales 7.8 TWh
* Electricity sales 2.5 TWh
​Sales ​EUR 1,187 million
​Share of Fortum's sales ​34%
​Comparable operating profit ​EUR 108 million
​Comparable EBITDA ​EUR 209 million
​Net assets ​EUR 2,170 million
​Comparable return on net assets ​7.9%
​Capital expenditures and gross investments in shares ​EUR 128 million
​Employees ​1,417
​Business and result drivers ​* Steady growth through investments; newly commissioned CHP plants start to bring in revenues
* Fuel and CO2 emissions allowance prices and fuel availability, flexibility and efficiency
* Production primarily in CHP plants: power supply/demand balance, volatility and price affect profitability; stability through hedging
* Heat and auxiliary product prices
* Heat demand: weather conditions as well as macro and local economy
* Maintenance and asset lifetime management practices and costs
​Strategy drivers ​* Need for increased resource-efficiency
* Potential for increased usage of local biofuels and waste
* Solid position and competence in flexible multi-fuel CHP production

 (On 31 December 2015)