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 under Other.
The restated and previously communicated quarterly information for 2016 is attached to this release.
Fortum restated comparison figures 2016
Fortum Corporation
Sophie Jolly, Vice President, Investor Relations and Financial Communications
Additional information:
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
Distribution:
Nasdaq Helsinki
Key media
www.fortum.com
Fortum
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