Fortum Annual Review 2021
Fortum's annual reporting entity in 2021 includes CEO's Business Review, Financials (including the Financial Statements and Operating and Financial Review), Governance, Remuneration, Tax Footprint and Sustainability.
President and CEO Markus Rauramo:
"In the turbulent operating environment in 2021, we kept our strategic priorities clear and held our course. We successfully continued implementing our strategy with active portfolio rotation, accelerated decarbonisation and produced another great set of operative results. Read more in CEO's Business Review.
Financial performance 2021
- Comparable operating profit EUR 2,536 million (2020: 1,344)
- Earnings per share EUR 0.83 (2020: 2.05)
- Financial net debt/comparable EBITDA 0.2 (2020: 2.9)
Read more in Financials 2021
Strengthening the balance sheet:
over EUR 4 billion total consideration from divestments
Leverage ratio 0.2
clearly below the target of <2 times
Fortum and Uniper
cooperation stepped up