Fortum's financial targets

Financial targets give guidance on Fortum's view of the company's long-term value creation potential, its growth strategy and business activities

Fortum updated its financial targets and dividend policy on 3 December 2020. The long-term financial targets are:

  • Financial net debt/comparable EBITDA below 2x
  • Hurdle rates for new investments of WACC
    • +100 bps for green investments
    • +200 bps for other investments

Fortum's dividend policy has been revised and ‘is to pay a stable, sustainable, and over time increasing dividend’. Fortum’s Board of Directors aims to propose a dividend of EUR 1.12 per share for the year 2020 with the target to increase the dividend going forward.

Fortum continues to be committed to maintaining a rating of at least BBB.

In addition, Fortum also uses the applicable Global Reporting Initiative (GRI) G4 indicators for reporting economic responsibility.

Fortum's financial development

Bar diagram of Fortums Financial net debt/comparable EBITDA development

 

Bad diagram of Fortums dividend history 2011-2020