Fortum

20.49 EUR

-0.97 %

29,692 following

FORTUM

NASDAQ Helsinki

Multi

Energy

-0.97 %
-7.99 %
+5.46 %
+12.71 %
+4.46 %
+39.82 %
+50.99 %
-10.91 %
+260.44 %

Fortum is active in the energy sector. In addition to the provision of electricity, a number of technical solutions are offered in heat optimization as well as apps that are used to keep track of energy consumption. The company also provides charging stations for electric cars. The largest activity is found around the Nordic market. The company was founded in 1998 and is headquartered in Espoo.

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Market cap
18.38B EUR
Turnover
20.75M EUR
P/E (adj.) (26e)
18.94
EV/EBIT (adj.) (26e)
14.89
P/B (26e)
2.07
EV/S (26e)
3.36
Dividend yield-% (26e)
4.75 %
Coverage
Recommendation
Reduce
Target price
21.00 EUR
Updated
30.04.2026
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 30.04.2026

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
21.7
2026

Interim report Q2'26

28.10
2026

Interim report Q3'26

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
It certainly wouldn’t be. It was a stupid decision both beforehand and in hindsight. And fortunately, lessons have now been learned from it.
4/30/2026, 7:13 AM
by Paapaa
16
Yesterday, I watched the earnings presentations of 3 companies hyping their potential as electricity suppliers for data centers: UPM, Fortum, and the Swedish forest and energy company SCA. In all three cases, the same pattern repeated. There was a lot of talk about data center opportunitie...
4/30/2026, 8:49 AM
by PörssiPatruuna
12
In Germany, electricity is used for heating in a completely different way because winters have less snow and are warmer, and solar power can offset household consumption at a totally different level than in Finland. Comparing electricity bills with a friend (who lives in southern...
4/30/2026, 7:11 AM
by Junnu
11
You’re absolutely right; much less of it is used, because in Germany, heating is mostly done with gas
4/30/2026, 7:38 AM
by Pappa Tunturi
10
It is always worth remembering that electricity in Finland is still exceptionally cheap by European standards. So cheap that new investments in nuclear power have been commercially unprofitable, and therefore they have not been undertaken. This means there is plenty of room for electricity...
4/30/2026, 7:03 AM
by Paapaa
10
Reflections on investments aimed at increasing electricity production are still only under consideration, while investments that increase consumption are already underway. If the planning of significant investments in production is not initiated soon, there will be a shortage of ...
4/30/2026, 6:14 AM
by Kari Kokkonen
10
Recommendation upgrade and at a nice price. https://www.marketscreener.com/news/morgan-stanley-upgrades-fortum-to-equal-weight-underweight-price-target-23-euros-bn-ce7f58deda8cfe21
5/4/2026, 7:08 AM
by VahvaRupla
6
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