Fortum's estimates are depressed by the continued drop in electricity prices, which is reflected in the Generation segment’s earnings. Fortum’s situation is muddled by the Russian business being moved to the “temporary care” of the Russian State. This did not affect our view much, because we have not given the business value in the past either. We expect that Forum’s Q1 result released on Thursday to be good, but Russia is likely to grab the attention again.
Fortum
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 on company pageKey Estimate Figures08.05.2023
2022 | 23e | 24e | |
---|---|---|---|
Omsætning | 8.804,0 | 8.521,0 | 8.538,1 |
vækst-% | 37,09 % | -3,21 % | 0,20 % |
EBIT (adj.) | 1.871,0 | 1.811,8 | 1.590,7 |
EBIT-% (adj.) | 21,25 % | 21,26 % | 18,63 % |
EPS (adj.) | -2,03 | 1,25 | 1,19 |
Udbytte | 0,91 | 1,00 | 0,90 |
Udbytte % | 5,86 % | 8,16 % | 7,31 % |
P/E (adj.) | - | 9,80 | 10,27 |
EV/EBITDA | 9,04 | 4,73 | 4,88 |