Fortum reported a good start to the year with EBITDA up by 69% to €891m (cons €722m) and €781m excluding Russia. The group confirmed the future deconsolidation of its Russian assets in the Q2 with an expected impairment charge of €1.9bn after FX effects.

15 May 2023
Q1 2023: Higher prices comfortably offset lower generation

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Q1 2023: Higher prices comfortably offset lower generation
Fortum Oyj (FORTUM:HEL) | 0 0 0.0%
- Published:
15 May 2023 -
Author:
Pierre-Alexandre Ramondenc -
Pages:
2 -
Fortum reported a good start to the year with EBITDA up by 69% to €891m (cons €722m) and €781m excluding Russia. The group confirmed the future deconsolidation of its Russian assets in the Q2 with an expected impairment charge of €1.9bn after FX effects.