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    Fortum strengthens its renewable power pipeline by acquiring Enersense’s development portfolio

    FORTUM CORPORATION INVESTOR NEWS 19 DECEMBER 2024 AT 9:15 EET Fortum has signed an agreement to acquire a project development portfolio for renewable power from Enersense. This acquisition strengthens Fortum’s development pipeline for renewable power as the company prepares for future growth by developing ready-to-build projects in the Nordic countries. The acquired portfolio includes 2.6 GW of early-stage onshore wind development projects in Finland, of which only a minor part is expected to reach ready-to-build status. The purchase price on a debt-and-cash-free basis is

    Proposals by Shareholders' Nomination Board of Fortum to the Annual General Meeting 2025

    FORTUM CORPORATION STOCK EXCHANGE RELEASE 19 DECEMBER 2024 AT 9:00 EET Release category: Other information disclosed according to the rules of the Exchange The Shareholders' Nomination Board of Fortum has submitted its proposals to the Annual General Meeting 2025 to Fortum's Board of Directors. The Annual General Meeting is planned to be held on Tuesday 1 April 2025. Members of the Board of Directors The Shareholders' Nomination Board proposes that the number of the members of the Board of Directors of Fortum Corporation remain unchanged and consist of nine (9) members, the

    Appointments to Fortum Leadership Team

    FORTUM CORPORATION STOCK EXCHANGE RELEASE 18 DECEMBER 2024 AT 09:00 EET Release category: Changes in board/management/auditors Fortum appoints Ms Kati Levoranta as Executive Vice President, Legal, General Counsel and Ms Karin Svenske Nyberg as Executive Vice President, People. Both Ms Levoranta and Ms Svenske Nyberg will become members of the Fortum Leadership team and will be reporting to the President and CEO, Markus Rauramo. Until they join Fortum, there are internal arrangements in place in both functions to guarantee a successful interim period. Ms Levoranta (54), LL.M, MBA,

    Fortum commences the 2025–2027 incentive plan as part of its ongoing long-term incentive programme

    FORTUM CORPORATION INVESTOR NEWS 18 DECEMBER 2024 AT 8:45 EET The Board of Directors of Fortum Corporation has decided to commence the 2025–2027 long-term incentive (LTI) plan for key employees and executives. The 2025–2027 LTI plan is part of Fortum's ongoing LTI programme and follows the same principles as the previous plan. The performance measures for the LTI plan support the execution of Fortum’s strategic priorities to deliver clean energy reliably, drive decarbonisation in industries and to transform and develop. The measures are also in line with the company’s ambitious

    Loviisa nuclear power plant’s main seawater pumps to be renewed

    FORTUM CORPORATION PRESS RELEASE 11.12.2024 Fortum’s Loviisa nuclear power plant is renewing the main seawater pumps and motors of both plant units. The renewal is part of the Loviisa power plant’s lifetime extension-related investments and continuous improvement to ensure reliable electricity production until the end of the plant's lifetime. ”The existing main seawater pumps at the Loviisa power plant are nearing the end of their life cycle. This investment is part of the very controlled and professional ageing management that is a prerequisite for the safe, reliable and profitable

    Fortum as energy partner to support feasibility study on low-carbon aluminium production in Finland

    FORTUM CORPORATION PRESS RELEASE 4 DECEMBER 2024  Fortum, as the energy partner, will support a feasibility study to explore low-carbon aluminium manufacturing opportunities in Kokkola and Kronoby, Finland. With decades of expertise in the Nordic energy market, Fortum’s role in the study is to support in long-term hedging strategies related to a potential facility and electricity sourcing from Fortum’s existing and new generation assets. If realised, the aluminium manufacturing facility would mark the first greenfield primary aluminium development in continental Europe in over 30

    Fortum completes the divestment of its recycling and waste business

    FORTUM CORPORATION INVESTOR NEWS 29.11.2024 AT 13:35 EET Fortum has today completed the divestment of its recycling and waste business to Summa Equity. The transaction was announced on 18 July 2024. The total consideration from the divestment is approximately EUR 800 million on a debt- and cash-free basis. Fortum will record a tax-exempt capital gain of approximately EUR 180 million. The gain will be reported as Items Affecting Comparability in the Other Operations segment’s results in the fourth quarter of 2024. The net cash flow received from the transaction is approximately EUR 720

    Presenting INGA: the next generation of sustainable plastics made from CO₂ emissions

    FORTUM CORPORATION PRESS RELEASE 11 November 2024, 12.00 EET Fortum Recycling & Waste, a leading company in circular solutions and waste management, proudly presents INGA: the world’s first biodegradable plastic born entirely from CO₂. INGA captures the value of CO₂ emissions to create raw materials that can revolutionise plastic production – fossil-free and without microplastics. “It is time to rethink plastic production and move away from fossil feedstock. There is an ever-increasing need for high-quality sustainable plastics that can be used everywhere and that meet the set

    Fortum to divest its turbine and generator services to Elcoline Group Oy

    FORTUM CORPORATION INVESTOR NEWS 1 NOVEMBER 2024 AT 17:20 EET Fortum has signed an agreement to sell its turbine and generator services to industrial technical services provider Elcoline Group Oy. The divestment is part of Fortum’s ongoing strategic review of its Circular Solutions businesses. The Circular Solutions businesses are not in the core of Fortum’s strategy. Fortum’s strategic focus is on delivering clean energy and driving decarbonisation of industries in the Nordics. The transaction will not have any material financial impact on Fortum Group’s result. The transaction is

    Fortum Corporation: Managers' transactions – Eveliina Dahl

    FORTUM CORPORATION STOCK EXCHANGE RELEASE 31 OCTOBER 2024 AT 17:30 EET Release category: Managers’ transactions Person subject to the notification requirement Name: Dahl, Eveliina Position: Other senior manager Issuer: Fortum Corporation LEI: 635400IUIZZIUJSAMF76 Notification type: INITIAL NOTIFICATION Reference number: 635400IUIZZIUJSAMF76_20241031130723_304 Transaction date: 2024-10-30 Venue: XHEL Instrument type: SHARE ISIN: FI0009007132 Nature of the transaction: ACQUISITION Transaction details (1): Volume: 185 Unit price: 13.6902 EUR

    Fortum Corporation: Managers' transactions – Nebahat Albayrak

    FORTUM CORPORATION STOCK EXCHANGE RELEASE 31 OCTOBER 2024 AT 17:30 EET Release category: Managers’ transactions Person subject to the notification requirement Name: Albayrak, Nebahat Position: Other senior manager Issuer: Fortum Corporation LEI: 635400IUIZZIUJSAMF76 Notification type: INITIAL NOTIFICATION Reference number: 635400IUIZZIUJSAMF76_20241031130723_299 Transaction date: 2024-10-30 Venue: XHEL Instrument type: SHARE ISIN: FI0009007132 Nature of the transaction: ACQUISITION Transaction details (1): Volume: 48 Unit price: 13.6902 EUR

    Fortum Corporation: Managers' transactions – Bernhard Günther

    FORTUM CORPORATION STOCK EXCHANGE RELEASE 31 OCTOBER 2024 AT 17:30 EET Release category: Managers’ transactions Person subject to the notification requirement Name: Günther, Bernhard Position: Other senior manager Issuer: Fortum Corporation LEI: 635400IUIZZIUJSAMF76 Notification type: INITIAL NOTIFICATION Reference number: 635400IUIZZIUJSAMF76_20241031130552_295 Transaction date: 2024-10-30 Venue: XHEL Instrument type: SHARE ISIN: FI0009007132 Nature of the transaction: ACQUISITION Transaction details (1): Volume: 225 Unit price: 13.6902 EUR

    Fortum Corporation: Managers' transactions – Tiina Tuomela

    FORTUM CORPORATION STOCK EXCHANGE RELEASE 31 OCTOBER 2024 AT 17:30 EET Release category: Managers’ transactions Person subject to the notification requirement Name: Tuomela, Tiina Position: Chief Financial Officer Issuer: Fortum Corporation LEI: 635400IUIZZIUJSAMF76 Notification type: INITIAL NOTIFICATION Reference number: 635400IUIZZIUJSAMF76_20241031130723_300 Transaction date: 2024-10-30 Venue: XHEL Instrument type: SHARE ISIN: FI0009007132 Nature of the transaction: ACQUISITION Transaction details (1): Volume: 212 Unit price: 13.6902 EUR

    Fortum Corporation: Managers' transactions – Peter Strannegård

    FORTUM CORPORATION STOCK EXCHANGE RELEASE 31 OCTOBER 2024 AT 17:30 EET Release category: Managers’ transactions Person subject to the notification requirement Name: Strannegård, Peter Position: Other senior manager Issuer: Fortum Corporation LEI: 635400IUIZZIUJSAMF76 Notification type: INITIAL NOTIFICATION Reference number: 635400IUIZZIUJSAMF76_20241031130552_296 Transaction date: 2024-10-30 Venue: XHEL Instrument type: SHARE ISIN: FI0009007132 Nature of the transaction: ACQUISITION Transaction details (1): Volume: 299 Unit price: 13.6902 EUR

    Fortum Corporation: Managers' transactions – Nora Steiner-Forsberg

    FORTUM CORPORATION STOCK EXCHANGE RELEASE 31 OCTOBER 2024 AT 17:30 EEST Release category: Managers’ transactions Person subject to the notification requirement Name: Steiner-Forsberg, Nora Position: Other senior manager Issuer: Fortum Corporation LEI: 635400IUIZZIUJSAMF76 Notification type: INITIAL NOTIFICATION Reference number: 635400IUIZZIUJSAMF76_20241031130723_301 Transaction date: 2024-10-30 Venue: XHEL Instrument type: SHARE ISIN: FI0009007132 Nature of the transaction: ACQUISITION Transaction details (1): Volume: 161 Unit price: 13.6902

    Fortum Corporation: Managers' transactions – Mikael Rönnblad

    FORTUM CORPORATION STOCK EXCHANGE RELEASE 31 OCTOBER 2024 AT 17:30 EET Release category: Managers’ transactions Person subject to the notification requirement Name: Rönnblad, Mikael Position: Other senior manager Issuer: Fortum Corporation LEI: 635400IUIZZIUJSAMF76 Notification type: INITIAL NOTIFICATION Reference number: 635400IUIZZIUJSAMF76_20241031130717_297 Transaction date: 2024-10-30 Venue: XHEL Instrument type: SHARE ISIN: FI0009007132 Nature of the transaction: ACQUISITION Transaction details (1): Volume: 58 Unit price: 13.6902 EUR

    Fortum Corporation: Managers' transactions – Simon-Erik Ollus

    FORTUM CORPORATION STOCK EXCHANGE RELEASE 31 OCTOBER 2024 AT 17:30 EET Release category: Managers’ transactions Person subject to the notification requirement Name: Ollus, Simon-Erik Position: Other senior manager Issuer: Fortum Corporation LEI: 635400IUIZZIUJSAMF76 Notification type: INITIAL NOTIFICATION Reference number: 635400IUIZZIUJSAMF76_20241031130552_293 Transaction date: 2024-10-30 Venue: XHEL Instrument type: SHARE ISIN: FI0009007132 Nature of the transaction: ACQUISITION Transaction details (1): Volume: 258 Unit price: 13.6902 EUR

    Fortum Corporation: Managers' transactions – Petra Lundström

    FORTUM CORPORATION STOCK EXCHANGE RELEASE 31 OCTOBER 2024 AT 17:30 EET Release category: Managers’ transactions Person subject to the notification requirement Name: Lundström, Petra Position: Other senior manager Issuer: Fortum Corporation LEI: 635400IUIZZIUJSAMF76 Notification type: INITIAL NOTIFICATION Reference number: 635400IUIZZIUJSAMF76_20241031130723_302 Transaction date: 2024-10-30 Venue: XHEL Instrument type: SHARE ISIN: FI0009007132 Nature of the transaction: ACQUISITION Transaction details (1): Volume: 219 Unit price: 13.6902 EUR

    Fortum Corporation: Managers' transactions – Mikael Lemström

    FORTUM CORPORATION STOCK EXCHANGE RELEASE 31 OCTOBER 2024 AT 17:30 EET Release category: Managers’ transactions Person subject to the notification requirement Name: Lemström, Mikael Position: Other senior manager Issuer: Fortum Corporation LEI: 635400IUIZZIUJSAMF76 Notification type: INITIAL NOTIFICATION Reference number: 635400IUIZZIUJSAMF76_20241031130721_298 Transaction date: 2024-10-30 Venue: XHEL Instrument type: SHARE ISIN: FI0009007132 Nature of the transaction: ACQUISITION Transaction details (1): Volume: 35 Unit price: 13.6902 EUR

    Fortum Corporation: Managers' transactions – Markus Rauramo

    FORTUM CORPORATION STOCK EXCHANGE RELEASE 31 OCTOBER 2024 AT 17:30 EET Release category: Managers’ transactions Person subject to the notification requirement Name: Markus Rauramo Position: Chief Executive Officer Issuer: Fortum Oyj LEI: 635400IUIZZIUJSAMF76 Notification type: INITIAL NOTIFICATION Reference number: 635400IUIZZIUJSAMF76_20241031130552_294 Transaction date: 2024-10-30 Venue: XHEL Instrument type: SHARE ISIN: FI0009007132 Nature of the transaction: ACQUISITION Transaction details (1): Volume: 265 Unit price: 13.6902 EUR

    Fortum January–September 2024 Interim Report: Resilient performance amid seasonally low Nordic power prices

    FORTUM CORPORATION JANUARY–SEPTEMBER INTERIM REPORT 29 OCTOBER 2024 AT 9:00 EET This release is a summary of Fortum’s January–September 2024 Interim Report. The complete report is attached to this release as a PDF file. It is also available on the company's website at www.fortum.com/investors Resilient performance amid seasonally low Nordic power prices July–September 2024 · Comparable EBITDA was EUR 254 (318) million. · Comparable operating profit was EUR 158 (226) million. · Operating profit was EUR 123 (251) million. · Comparable earnings per share were EUR 0.14 (0.

    Fortum advances its exit from coal – invests EUR 100 million in decarbonisation of Czestochowa plant in Poland

    FORTUM CORPORATION INVESTOR NEWS 29.10.2024 AT 8:55 EET Fortum’s coal exit progresses with the decarbonisation of the Czestochowa combined heat and power (CHP) plant in Poland. Fortum is committed to exit coal in all its operations by the end of 2027. In 2023, 98% of Fortum’s total power generation was already CO2-free. In heat production, 28% was based on coal. The Czestochowa plant’s retrofit with biomass technology will decrease Fortum’s coal capacity by 0.1 GW to 0.9 GW and direct CO\2\ emissions by approximately 175,000 tonnes. Of the remaining 0.9 GW coal capacity, 0.6 GW is only

    Fortum has initiated legal proceedings against Forward Energo to recover approximately EUR 800 million in intercompany loans

    FORTUM CORPORATION PRESS RELEASE 22 OCTOBER 2024  Fortum has initiated legal proceedings before a Dutch civil court against Forward Energo (formerly known as PAO Fortum). The proceedings concern intercompany loans of approximately EUR 600 million granted to PAO Fortum. PAO Forward Energo is in payment default of all intercompany loans. The majority of these loans have reached their maturity date and have not been repaid. In addition, PAO Forward Energo has failed to pay the interest due on all loans. The claim, including interest and default interest, amounts to approximately EUR 800

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