Fortum Annual Review 2020

Fortum's annual reporting entity in 2020 includes CEO's Business Review, Financials (including the Financial Statements and Operating and Financial Review), Governance, Remuneration, Tax Footprint and Sustainability.

Picture of the President and CEO Markus Rauramo

President and CEO Markus Rauramo:

"We continued our strategy execution tenaciously. We increased our ownership in Uniper to approx. 76%, and consolidated Uniper as a subsidiary. An updated strategy driving the clean energy transition is aligned with the goals of the Paris Agreement, targeting carbon neutrality for the Group by 2050 and in our European generation already in 2035." Read more in CEO's Business Review.

Image of water moving

Financial performance in 2020

Comparable operating profit EUR 1,344 million (2019: 1,191)

Earnings per share EUR 2.05 (2019: 1.67)

Cash flow from operating activities EUR 2,555 million (2019: 1,575)

Read more of Fortum's performance in Financials 2020

Highlights 2020

Strengthening the balance sheet

EUR 1.2 billion total consideration from divestments

Strategy updated

Carbon neutral by 2050 at the latest, in line with the goals of Paris Agreement

Fortum is the 3rd largest CO2-free power generator in Europe