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 is to pay a stable, sustainable, and over time increasing dividend. 

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 net debt/comparable EBITDA

Fortum's financial net debt/EBITDA as graph. The 2020 figure is 2.9x and the target is below 2x since December 2020.

Dividend payment history 2011-2020

Graph illustrating Fortum's dividend payment history 2011-2020. In 2011-2012 the dividend/share was EUR 1.00, in 2013 EUR 1.10, in 2014  EUR 1,30, in 2015-2019 EUR 1,10 and in 2020 EUR 1,12.