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Fortum Oyj (FOT.BE)

Berlin - Berlin Delayed Price. Currency in EUR
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11.11+0.14 (+1.28%)
At close: 05:33PM CET
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Previous Close10.98
Bid11.12 x N/A
Ask11.22 x N/A
Day's Range10.94 - 11.11
52 Week Range10.24 - 14.83
Avg. Volume8
Market CapN/A
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Reuters

    Fortum weighs cutting up to 130 jobs

    COPENHAGEN (Reuters) -Finnish utility Fortum said on Friday it had started negotiations with labour unions that could see up to 130 jobs cut in the company's consumer solutions business unit and its IT unit, part of an effort to cut costs. The talks concern in total about 1,080 employees in Finland, Sweden, Norway and its IT unit in Poland, Fortum said in a statement. The company in November said it was lowering its capital expenditure and annual fixed costs until 2025, cutting annual fixed costs by 100 million euros ($108.26 million) gradually until the end of 2025.

  • Reuters

    Fortum considers Nordic sites for new nuclear power

    HELSINKI (Reuters) -Finnish utility Fortum is looking at several potential sites in Finland and Sweden to build nuclear power plants with small or large-scale reactors, it said on Monday. After relinquishing ownership of Germany's Uniper in 2022, Fortum wants to focus on the Nordics and is conducting a review of nuclear and heat generation capacity in Finland and Sweden. In Finland, Fortum named its existing Loviisa nuclear site and a location near stainless steel producer Outokumpu's site in Tornio as possibilities, as well as nuclear technology company Studsvik's site outside Nykoping in Sweden.

  • Reuters

    Fortum fights to sell seized Russian assets and get compensation

    Finnish utility Fortum still hopes to sell its Russian assets and get compensation for their seizure by the Kremlin via arbitration, its chief executive told Reuters. Fortum is one of a handful of companies with assets placed under "temporary control" by Moscow in response to the European Union's sanctions since the start of Russia's war in Ukraine, which prompted over a thousand Western firms to exit Russia. In the second quarter, Fortum wrote off the entire value - 1.7 billion euros ($1.9 billion) - of its seven thermal power plants and a joint-venture portfolio of wind and solar plants in Russia, after Moscow placed them under its control by presidential decree in April.