• Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Fortum

19.60 EUR-0.71 %8.7, 17.29
29,862 following

FORTUM

NASDAQ Helsinki

Multi

Energy

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
-0.71 %
-7.26 %
-12.01 %
+2.27 %
+7.78 %
+25.25 %
+61.01 %
-16.26 %
+244.69 %

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.

Read more
Market cap
17.58B EUR
Turnover
15.69M EUR
P/E (adj.) (26e)
18.12
EV/EBIT (adj.) (26e)
14.25
P/B (26e)
1.98
EV/S (26e)
3.22
Dividend yield-% (26e)
4.97 %
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-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
ShowingAll content types

Forum discussions
I was looking at Q2 spot electricity prices for the years '25 and '26, and there are quite significant differences. April €47.45 ---- €49.46 May €18.14 ---- €52.93 June €18.57 ---- €45.27 The latter price is from the current year. Prices are in € / MWh. The Q2 report will be out ...
7/1/2026, 11:41 AM
by VahvaRupla
20
What’s missing from this morning’s news coverage regarding Fortum’s takeover bid is that a bidding war is currently underway. A Spanish company recently submitted an offer for Elmera, and now Fortum has placed a second, fatter bid. It is therefore not out of the question that the...
6/29/2026, 6:03 AM
by PörssiPatruuna
13
Futuurt is promising a nice price increase for the end of the year and the beginning of 2027; this refers to the Finnish area price. Q4/2026 (Oct–Dec) approx. 55–70 €/MWh Q1/2027 (Jan–Mar) approx. 70–95 €/MWh
14 hours ago
by VahvaRupla
10
The decision to shut down was made by Fortum, not the National Emergency Supply Agency (NESA/HVK), and the decision was certainly “science based”: meaning it generated far too little profit considering the potential of the area—and it was fossil-based. Security of supply is not Fortum...
6/29/2026, 6:28 AM
by Paapaa
10
Agreement between Elmera Group and Fortum regarding a recommended voluntary cash tender offer to the shareholders of Elmera Group A cash consideration of NOK 47 is offered for each Share (the “Offer Price”). The Offer Price represents the following premiums: 59% compared to the undisturbed...
6/29/2026, 5:05 AM
by kimsku
9
Hopefully, production has been running well so we can reach an EPS level of €0.22–€0.25 in Q2. Good optimization supports this goal! Then, in the spring of '27, we can look forward to dividends in the €1 range again.
7/3/2026, 7:22 AM
by VahvaRupla
5
Is there something wrong with Fortum’s dividend policy? Or are you trying to find even “better” targets? Is there any information that the dividend wouldn’t increase for the coming years, given that the price of electricity inevitably seems to be rising?
15 hours ago
by Junnu
4
Read more on our forum
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

Fortum køber norske Elmera for cirka 450 MEUR
Analyst Comment29.06.2026, 08.00 by
Atte Riikola

Fortum køber norske Elmera for cirka 450 MEUR

Elmera er en norsk el-forhandler.

Fortum
Regulatory press release29.06.2026, 07.00

Inside information: Agreement between Elmera Group and Fortum on recommended voluntary cash tender offer to the shareholders of Elmera Group

Fortum
Press release17.06.2026, 13.00

Fortum will publish its January-June 2026 Half-year Financial Report on 21 July 2026

Fortum

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
Regulatory press release15.06.2026, 15.50

Fortum Shareholders' Nomination Board 2026-2027

Fortum
Regulatory press release05.05.2026, 16.00

Fortum Corporation: Managers' transactions - Tiina Tuomela

Fortum
Regulatory press release05.05.2026, 16.00

Fortum Corporation: Managers' transactions - Nebahat Albayrak

Fortum
Regulatory press release05.05.2026, 16.00

Fortum Corporation: Managers' transactions - Peter Strannegård

Fortum
Regulatory press release05.05.2026, 16.00

Fortum Corporation: Managers' transactions - Petra Lundström

Fortum
Regulatory press release05.05.2026, 16.00

Fortum Corporation: Managers' transactions - Mikael Rönnblad

Fortum
Regulatory press release05.05.2026, 16.00

Fortum Corporation: Managers' transactions - Karin Svenske Nyberg

Fortum
Regulatory press release05.05.2026, 16.00

Fortum Corporation: Managers' transactions - Markus Rauramo

Fortum
Regulatory press release05.05.2026, 16.00

Fortum Corporation: Managers' transactions - Kati Levoranta

Fortum
Regulatory press release05.05.2026, 16.00

Fortum Corporation: Managers' transactions - Simon-Erik Ollus

Fortum
Regulatory press release05.05.2026, 16.00

Fortum Corporation: Managers' transactions - Mikael Lemström

Fortum
Regulatory press release04.05.2026, 16.15

Fortum Corporation: Managers' transactions - Emmanuelle Verger-Chabot

Fortum
Regulatory press release04.05.2026, 16.15

Fortum Corporation: Managers' transactions - Johan Söderström

Fortum
Regulatory press release04.05.2026, 16.15

Fortum Corporation: Managers' transactions - Vesa-Pekka Takala

Fortum
Regulatory press release04.05.2026, 16.15

Fortum Corporation: Managers' transactions - Marita Niemelä

Fortum
Regulatory press release04.05.2026, 16.15

Fortum Corporation: Managers' transactions - Ralf Christian

Fortum
Regulatory press release04.05.2026, 16.15

Fortum Corporation: Managers' transactions - Stefanie Kesting

Fortum