Fortum Annual Review 2022

Fortum's annual reporting entity in 2022 includes six publications: CEO's Business Review, Financials (including the Financial Statements and Operating and Financial Review), Governance, Remuneration, Tax Footprint and Sustainability. The publications are available as PDF files below.

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(incl. Financial Statements)
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Fortum ESEF Financial Statements (zip) Fortum Country-by-Country Tax Report 2022  

Markus Rauramo, President and CEO:

"Year 2022 was a year of decisive actions as we weathered through the European energy crisis. The year started with managing Uniper's liquidity challenges and within a month, in February, Russia attacked Ukraine, marking the beginning of shock-like effects of the war and a full-blown energy crisis in Europe that drastically changed our operating environment. At Fortum, we started tackling the issues one by one: an active process for a controlled exit from Russia, the divestment of Uniper and how to secure liquidity for unforeseen collateral requirements. In addition, we worked hard to realign the company and renew our strategy to the new realities." Read more: CEO Business Review 2022

Financial performance 2022 (continuing operations)

  • Comparable operating profit excl. Russia was EUR 1,611 million (2021: 1,167) 
  • Comparable EBITDA excl. Russia was EUR 2,025 million (2021: 1,612)
  • Comparable earnings per share excl. Russia were EUR 1.21 (2021: 0.96)

Read more: Financials 2022

Reports and presentations
Divestment of Uniper

refocus on Nordic clean energy

Energy market data
Leverage ratio at healthy level:

0.6 times excl. Russia

Sustainability report
Specific CO2 emissions from power generation

25.4 gCO2/kWh excl. Russia