A good first half for the group, which benefited from a positive price effect with an average price 50% higher than last year thanks to hedged contracts at high prices. The deconsolidation of the Russian assets has been well absorbed despite a €1.9bn impairment while the group intends to take legal action by 2024.

04 Aug 2023
H1 23: Positive inertia effect following the hedging of contracts in 2022

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H1 23: Positive inertia effect following the hedging of contracts in 2022
Fortum Oyj (FORTUM:HEL) | 0 0 0.0%
- Published:
04 Aug 2023 -
Author:
Pierre-Alexandre Ramondenc -
Pages:
3 -
A good first half for the group, which benefited from a positive price effect with an average price 50% higher than last year thanks to hedged contracts at high prices. The deconsolidation of the Russian assets has been well absorbed despite a €1.9bn impairment while the group intends to take legal action by 2024.