Last $22.20 USD
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As of 8:10 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

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06/24/14 - $26.81
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04/10/14 - $21.00
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fortum oyj (FOJCF) Details

Fortum Oyj, together with its subsidiaries, is engaged in the generation, distribution, and sale of electricity and heat; operation and maintenance of power plants; and provision of energy-related services in the Nordic countries, the Russian Federation, and the Baltic Rim area. The company operates in Power, Heat, Russia, Distribution, and Electricity Sales segments. It is involved in the power generation, power trading, and power capacity development activities, as well as provides services for power producers; and sale of power primarily to the Nordic power exchange, Nord Pool Spot. The company is also engaged in the generation of combined heat and power; district heating activities; and business to business heating solutions in the Nordic countries and other parts of the Baltic Rim. It owns and operates distribution and regional networks, and distributes electricity to a total of 1.6 million customers in Sweden, Finland, and Norway; and sells electricity in retail to a total of 1.2 million private customers, as well as CO2-free electricity in the Nordic countries. Fortum Oyj is headquartered in Espoo, Finland.

8,701 Employees
Last Reported Date: 10/23/14

fortum oyj (FOJCF) Top Compensated Officers

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fortum oyj (FOJCF) Key Developments

Fortum Corporation and St1 Oy to Build Geothermal Pilot Heat Plant in Espoo, Finland

Fortum Corporation and St1 Oy have announced that they will collaborate to start a pilot project for geothermal heat production in Espoo, Finland. St1 will begin planning the pilot production plant, which is estimated to be completed in 2016. A construction site for St1's geothermal production plant is being sought out in the area where Fortum's Otaniemi or Kivenlahti heat plants are located, and Fortum will buy the heat energy produced by the plant for Espoo's district heating network. The geothermal heat plant is estimated to have a production capacity of up to40 megawatts of geothermal heat energy. With that output, Fortum can cover as much as 10% of the district heat needs in the Espoo region. Because no fuels are used in geothermal heat production, the plant will not generate any emissions into the atmosphere.

Fortum Corporation Announces Temporary Executive Changes

Mr. Tapio Kuula's, President and CEO of Fortum Corporation, cancer is reactivating. For this reason Tapio Kuula will start his sick leave for medical treatments on 18 December 2014. During Tapio Kuula's leave of absence Mr. Timo Karttinen, CFO of Fortum Corporation, will assume responsibility for the duties of the President and CEO.

Fortum Oyj - Shareholder/Analyst Call

Fortum Oyj - Shareholder/Analyst Call


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Valuation FOJCF Industry Range
Price/Earnings 5.1x
Price/Sales 2.7x
Price/Book 1.4x
Price/Cash Flow 4.2x
TEV/Sales 1.1x

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