Discontinued operations (Distribution)

Fortum owns and operates electricity distribution and regional networks and distributes electricity to a total of 0.9 million customers in Sweden.
 

Distribution segment review in Q1 2015 interim report

January–March 2015

In March 2015, Fortum signed a binding agreement to divest its electricity distribution business in Sweden. The transaction is expected to be completed during the second quarter of 2015.

In the first quarter of 2015, the Swedish electricity distribution and regional network transmission volume totalled 4.2 (4.2) TWh and 3.7 (3.8) TWh, respectively.

The comparable operating profit from the discontinued operations was EUR 82 (119) million, and operating profit totalled EUR 81 (1,968) million.

5/18/2015