Fortum

Fortum Oyj
Company typeJulkinen osakeyhtiö
Nasdaq HelsinkiFORTUM
IndustryElectricity
PredecessorImatran Voima (IVO)
Founded
  • 1998 (1998)
Headquarters,
Area served
Nordic countries, Poland, India
Key people
ProductsElectric power
Heat
RevenueDecrease €6.711 billion (2023)[1]
Decrease €1.544 billion (2023)[1]
Total assetsDecrease €18.739 billion (2023)[1]
Total equityIncrease €8.499 billion (2023)[1]
OwnerGovernment of Finland,
Finnish National Institutions (Kela, Keva, State Pension Fund, City Councils of Kurikka, Turku and Kauhajoki) (53.03%)
Number of employees
Decrease 5,225 (2023)[1]
Websitewww.fortum.com

Fortum Oyj is a Finnish state-owned energy company located in Espoo, Finland. It mainly focuses on the Nordic region.[1] Fortum operates power plants, including co-generation plants, and generates and sells electricity and heat. The company also sells waste services such as recycling, reutilisation, final disposal solutions and soil remediation and environmental constructions services, and other energy-related services and products e.g. consultancy services for power plants and electric vehicle charging. Fortum is listed on the Nasdaq Helsinki stock exchange.

In 2020 Fortum was the biggest company in Finland by its revenue.[2] The majority of its income came from Uniper[3] that became Fortum's subsidiary in March 2020.[4] Uniper was nationalised by Germany on the 21 September 2022 for 8 billion euros.[5] Fortum is the third-largest power generator in the Nordics.[6]

  1. ^ a b c d e f "Fortum Financials 2023". Fortum. Retrieved 2024-05-02.
  2. ^ Talouselämä. "TE500". Talouselämä (in Finnish). Retrieved 2021-07-29.
  3. ^ "Osavuosikatsaukset | Uniper veti Fortumin tuloksen yli miljardiin euroon alkuvuonna". Helsingin Sanomat (in Finnish). 2021-05-12. Retrieved 2021-07-29.
  4. ^ "Fortum paransi tulostaan loppuvuonna, taustalla tytäryhtiö Uniperin vahva suoritus". Ilkka-Pohjalainen (in Finnish). Retrieved 2021-07-29.
  5. ^ "Fortum to fully divest Uniper to the German State".
  6. ^ "Fortum Sustainability 2023". Retrieved 2024-05-02.

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