Fortum Oyj announced consolidated unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported sales of EUR 1,991 million against EUR 1,901 million a year ago. Operating profit was EUR 603 million against EUR 739 million a year ago. Profit before income tax was EUR 559 million against EUR 655 million a year ago. Profit for the period was EUR 452 million against EUR 536 million a year ago. Profit attributable to owners of the parent was EUR 401 million against EUR 497 million a year ago. Earnings per basic and diluted share were EUR 0.45 against EUR 0.56 a year ago. Net cash from operating activities was EUR 646 million against EUR 553 million a year ago. Capital expenditures were EUR 287 million against EUR 272 million a year ago. Net debt end of the period was EUR 7,443 million. EBITDA was EUR 772 million against EUR 897 million a year ago. Return on shareholders equity was 17.8% against 18.2% a year ago. The cash flow improved compared to the first quarter last year, even though the stronger SEK impacted negatively. Operating profit for the period was affected by non-recurring items, an IFRS accounting treatment (IAS 39) of derivatives mainly used for hedging company's power production, and nuclear fund adjustments. The company announced that it expects capital expenditure is to be in range between from EUR 1.1 billion to 1.4 billion in 2013 and from EUR 0.9 billion to 1.1 billion in 2014.

Fortum Oyj, Q1 2013 Earnings Call, Apr 25, 2013

Fortum at its annual general meeting held on April 9, 2013 approved a dividend of EUR 1.00 per share for the year ended December 31, 2012. The record date for dividend payment is April 12, 2013 and the dividend payment date is April 19, 2013.