Fortum initiates an efficiency programme to manage uncertainty, improve profitability and secure cash flows – updates guidance for capital expenditure 2023-2025
FORTUM CORPORATION STOCK EXCHANGE RELEASE 2 NOVEMBER 2023 AT 9:00 EET
Release category: Other information disclosed according to the rules of the Exchange
Fortum’s operating environment and the general economic sentiment have further weakened after the summer. Uncertainty has increased, visibility has reduced and industrial investments are postponed while inflation and interest rates continue to be high. In order to improve its profitability and ensure its competitiveness over time, Fortum initiates an efficiency improvement programme to cut fixed costs and secure cash flows.
Fixed