Fortum has published restated comparison figures in accordance with the organisational changes
FORTUM CORPORATION STOCK EXCHANGE RELEASE 19 MARCH 2019 AT 13.45 EET
Fortum has restated its 2018 comparison segment reporting figures in accordance with the previously communicated organisational changes made in 2018.
In 2018, the development units 'M&A and Solar & Wind Development' and 'Technology and new Ventures' reported within Other Operations were reorganised and parts of the operations moved to the existing divisions. From the beginning of 2019, the management and segment reporting was changed accordingly. The wind business is reported as part of the Generation segment and the solar business as well as the biobased solutions as part of the City Solutions segment. The Russian wind and solar operations continue as a part of the Russia segment.
From the beginning of 2019, Other Operations includes corporate functions, R&D and technology development projects, as well as Fortum's shareholding in Uniper, which is consolidated as an associated company from 30 June 2018.
The restated and previously communicated quarterly information for 2018 is attached to this release.
Vice President, Investor Relations and Financial Communications
Ingela Ulfves, VP, Investor Relations & Financial Communications, tel. +358 40 5151 531
Rauno Tiihonen, IR Manager, tel. +358 10 453 6150
Måns Holmberg, IR Manager, tel. +358 44 518 1518
Fortum is a leading clean-energy company that provides its customers with electricity, heating and cooling as well as smart solutions to improve resource efficiency. We want to engage our customers and society to join the change for a cleaner world. We employ some 8,000 professionals in the Nordic and Baltic countries, Russia, Poland and India. In 2018, our sales were EUR 5.2 billion and 57% of our electricity generation was CO2 free. Fortum's share is listed on Nasdaq Helsinki. www.fortum.com