Fortum publishes restated comparison figures following the preliminary purchase price allocation of the Uniper acquisition
FORTUM CORPORATION STOCK EXCHANGE RELEASE 12 MARCH 2021 AT 9:01 EET
Release category: Other information disclosed according to the rules of the exchange
Fortum is finalising the purchase price allocation of the Uniper acquisition which will be completed within the one-year window from the acquisition date in the first quarter of 2021. Fortum presents the preliminary purchase price allocation for the Uniper acquisition in the Financial Statements Bulletin for 2020, published today. The preliminary purchase price allocation resulted in adjustments to Uniper’s 31 March 2020 opening balance sheet used for Fortum consolidation purposes. These adjustments led to the restatement of the previously published quarters of 2020.
In addition to the adjustments above, Fortum has aligned the presentation of financial statements. This alignment led to changes of Fortum’s previous quarters of 2020 as well as for the full year 2019.
The above mentioned restated information is attached to this release.
Ingela Ulfves, Vice President, Investor Relations and Financial Communications
Ingela Ulfves, Vice President, Investor Relations and Financial Communications, tel. +358 140 515 1531
Rauno Tiihonen, Manager, Investor Relations, tel. +358 10 453 6150
Måns Holmberg, Manager, Investor Relations and Financial Communications, tel. +358 44 518 1518
Fortum is a European energy company with activities in more than 40 countries. We provide our customers with electricity, gas, 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. Together with our subsidiary Uniper, we are the third largest producer of CO2-free electricity in Europe. With approximately 19,000 professionals and a combined balance sheet of approximately EUR 69 billion, we have the scale, competence and resources to grow and to drive the energy transition forward. Fortum's share is listed on Nasdaq Helsinki and Uniper's share on the Frankfurt Stock Exchange. www.fortum.com