EUR 1,178 million
Comparable operating profit
0.2 times
Financial net debt-to-comparable EBITDA
99%
of power generation was CO2-free
Markus Rauramo, President and CEO
For Fortum, 2024 was a year dedicated to focusing on our core businesses, optimising our best-in-class operations, divesting non-core operations, and implementing efficiency improvement actions. With these measures, among others, we are building the foundation of preparedness for our future growth. We continue to see robust underlying customer demand which we believe reflects the power demand growth longer term. Our goal is to be ready for the growth phase while ensuring strong financial performance, even in a turbulent operating environment.
Read more in the CEO's Business Review 2024
Sustainability at Fortum
Electrification is one of the most effective ways to reduce reliance on fossil and combustion-based energy sources. Therefore, Fortum plays a vital role in the decarbonisation of society and industry. Fortum’s newly published science-based emissions reduction targets and net-zero target across value chain by 2040 are a significant milestone on Fortum’s sustainability journey, at the core of the company’s strategy and a vital part of its execution. In line with the science-based net-zero targets validated by the international Science Based Targets initiative (SBTi), Fortum will further reduce its greenhouse gas emissions from power and heat generation as well as sold electricity, gas and heat. Read more in Fortum's Sustainability Statement included in the Financials 2024