Fortum released a mixed set of Q2 results, marked by the consolidation of Hafslund and the strong performance of the Generation division, which was helped by higher achieved power prices, although partly offset by weaker results in the City Solutions and Russian divisions due to unfavourable weather effects, weaker waste activities and currency headwinds in Russia.
19 Jul 2018
Russian headwinds and warmer weather offset higher power prices in Q2
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Russian headwinds and warmer weather offset higher power prices in Q2
Fortum released a mixed set of Q2 results, marked by the consolidation of Hafslund and the strong performance of the Generation division, which was helped by higher achieved power prices, although partly offset by weaker results in the City Solutions and Russian divisions due to unfavourable weather effects, weaker waste activities and currency headwinds in Russia.