Majority of Uniper’s 2019 impairments will not affect Fortum’s share of profits
FORTUM CORPORATION STOCK EXCHANGE RELEASE 12 MARCH 2020 AT 16.45 EET
Release category: Other information disclosed according to the rules of the exchange
Uniper has recorded impairments of EUR 1,048 million in its financial statements 2019. In its first-quarter 2020 results, Fortum expects to record a reversal of approximately EUR 315 million after tax related to the negative impact of Uniper’s impairments. As a result of this Fortum expects its first-quarter 2020 share of profits from Uniper’s results to be approximately EUR 90 million.
In the purchase price allocation of the