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Companies >
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Fortum Oyj >
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Satisfying Q3, but with uncertainties ahead

  • 24 Oct 2019

Satisfying Q3, but with uncertainties ahead


Fortum Oyj (FORTUM:HEL) | 0 0 0.0%


  • AlphaValue
    • Auguste DERYCKX LIENART

    • 3 pages

Generic Electricity image


 
Generic Electricity image


Satisfying Q3. Hydro conditions were back to average, thus generation was the main growth driver. On the other hand, City Solutions’ earnings were particularly disappointing, but hopefully had only a limited impact at the group level. The group escaped the drop in the Nordic electricity price thanks to its good hedging strategy, but the coming years look less positive. Moreover, the low current level of hydro reserves is not a good sign for Q4.


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Satisfying Q3, but with uncertainties ahead


Fortum Oyj (FORTUM:HEL) | 0 0 0.0%


  • Published: 24 Oct 2019
  • Author: Auguste DERYCKX LIENART
  • Pages: 3
  • AlphaValue


Satisfying Q3. Hydro conditions were back to average, thus generation was the main growth driver. On the other hand, City Solutions’ earnings were particularly disappointing, but hopefully had only a limited impact at the group level. The group escaped the drop in the Nordic electricity price thanks to its good hedging strategy, but the coming years look less positive. Moreover, the low current level of hydro reserves is not a good sign for Q4.



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