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Fortum Half-year 2020 Financial Report

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Fortum Half-year 2020 Financial Report

Fortum's Half-year 2020 Financial Report was published on 19 August 2020. Live webcast and teleconference for media, investors, and analysts was held  at 11.00. A recording of the webcast is available below.

Half-year 2020 Financial Report in brief

  • Q2: Comparable operating profit was EUR 207 (232) million
  • H1: Earnings per share were EUR 1.40 (1.07), of which EUR 0.42 (-0.09) related to items affecting comparability
  • H1: Adverse effects of Covid-19 only in the Group’s Russian operations in the second quarter
  • Total consideration from disclosed divestments EUR 1.2 billion, including divestment of district heating operations in Joensuu and Järvenpää, majority stake in Nordic wind, and majority stake in Nordic charging operator
  • Fortum increases its ownership in Uniper to 75.01%

Materials

Fortum increases ownership in Uniper to 73.4%

Fortum has closed the  final tranche of the agreement to purchase the Uniper SE shares held by Elliott  and Knight Vinke and their affiliates. Fortum now holds 73.4% of the shares and voting rights in Uniper.

AU18

Fortum's Annual Review 2019

Read about Fortum's financial year 2019

IR contacts

Ingela Ulfves
Vice President, Investor Relations and Financial Communications
Tel: +358 40 515 1531
ingela.ulfves@fortum.com

Rauno Tiihonen
Investor Relations Manager
Tel: +358 10 453 6150
rauno.tiihonen@fortum.com

Måns Holmberg
Investor Relations Manager, Financial Communications and Private Investors
Tel: +358 44 518 1518
mans.holmberg@fortum.com