Following the consolidation of Uniper, Fortum’s business profile has changed and Fortum has concluded that the current long-term financial targets do not appropriately reflect the Group’s current business profile and on 15 May 2020, Fortum’s Board of Directors consequently decided to remove the following targets as of the first quarter 2020:
- Return on capital employed of at least 10%
- Comparable net debt-to-EBITDA of around 2.5x
Fortum aims to revise its long-term financial targets by the end of 2020 at the latest.
Fortum's dividend policy is to pay a stable, sustainable and over time increasing dividend of 50-80% of earnings per share excluding one-off items.
In addition, Fortum also uses the applicable Global Reporting Initiative (GRI) G4 indicators for reporting economic responsibility.