FORTUM CORPORATION STOCK EXCHANGE RELEASE 11 April 2017 AT 14.00 EEST
Fortum has restated its 2016 comparison segment reporting figures in accordance
with the new organisation structure published on 8 February 2017.
As of 1 March 2017, City Solutions was divided into two divisions, City
Solutions and Consumer Solutions. City Solutions comprises heating and
cooling, waste-to-energy, biomass and other circular economy solutions.
Consumer Solutions comprises electricity sales and customer services
(previously reported under Other).
Consumer Solutions is temporarily headed by CFO Markus Rauramo until newly
appointed Executive Vice President of Consumer Solutions Mikael Rönnblad joins
the company on 15 June 2017 at the latest.
The new organisation consists of the following reporting segments: Generation,
City Solutions, Consumer Solutions, Russia and Other. M&A and Solar & Wind
Development as well as Technology and New Ventures will continue to be reported
The restated and previously communicated quarterly information for 2016 is
attached to this release.
Fortum restated comparison figures 2016
Sophie Jolly, Vice President, Investor Relations and Financial Communications
Sophie Jolly, Vice President, Investor Relations and Financial Communications,
tel. +358 10 453 2552
Rauno Tiihonen, Manager, Investor Relations, tel. +358 10 453 6150
Måns Holmberg, Manager, Investor Relations and Financial Communications, tel.
+358 44 518 1518
Fortum is a leading clean-energy company that provides its customers with
electricity, heating and cooling as well as smart solutions to improve resource
efficiency. We want to engage our customers and society to join the change for
a cleaner world. We employ some 8,000 professionals in the Nordic and Baltic
countries, Russia, Poland and India, and 62% of our electricity generation is
CO2 free. In 2016, our sales were EUR 3.6 billion. Fortum's share is listed on
Nasdaq Helsinki. www.fortum.com