- Adjusted Operating Profit: Fortum reported EU233 million, beating expectations of EU200.8 million.
- Comparable EBITDA: Achieved EU326 million, surpassing the estimate of EU295 million.
- Operating Profit: EU240 million, exceeding the forecast of EU194.5 million.
- EPS (Earnings Per Share): EU0.24, higher than the anticipated EU0.15.
- Hydrological Balance: Improved conditions led to a decline in Nordic futures towards the end of the quarter.
- Spot Power Price Volatility: Continued fluctuations in Finland due to transmission constraints and prolonged outages at the Olkiluoto nuclear plant.
- Power Price Achievement: Competitive CO2-free generation fleet facilitated a good power price through hedging and physical optimisation.
- Comparison to 2Q 2023: Lower power price achieved, but partly offset by higher hydro volumes and better renewables and decarbonisation results.
- Analyst Ratings: 4 buys, 9 holds, and 6 sells.
A look at Fortum OYJ Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts utilizing Smartkarma Smart Scores have given Fortum OYJ a positive long-term outlook based on key factors. The company has received high scores for Dividend and Momentum, indicating strong performance in these areas. Fortum’s solid Value and Resilience scores further support its overall positive outlook. However, the Growth score is relatively lower, suggesting potential areas for improvement in this aspect.
Fortum OYJ, a leading provider of energy-related products and services, has a significant presence in Northern Europe and operates globally. With a focus on electricity and heat generation, distribution, and sales, as well as energy-related services, Fortum plays a vital role in the energy sector. The company’s high Dividend and Momentum scores reflect its stability and growth potential, making it an attractive option for long-term investors seeking a reliable investment in the energy industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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