Strong increase in market prices cause Fortum subsidiary Uniper to raise profit guidance for 2021 and to record major negative accounting effect
FORTUM CORPORATION INSIDE INFORMATION 21 OCTOBER 2021 AT 15:53 EEST Fortum’s subsidiary Uniper SE has today published a stock exchange release (‘ad-hoc’) with a positive update of its result guidance for 2021. According to Uniper, the increase in the earnings is mainly due to the continuous and strong increase in commodity prices – especially in European gas and power market reflecting mainly a higher contribution from the gas mid-stream business within Uniper’s Global Commodities business. The company has also recorded a major negative effect from changes of fair values of non-hedge-