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Fortum OYJ (FOJCY)
OTHER OTC:FOJCY
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.1Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -7.47%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While Fortum demonstrated strong strategic progress in nuclear power, decarbonization, and financial stability, challenges persist with lower profits due to decreased spot prices and industrial demand lagging in key regions. The legal proceedings in Russia and the impact of low spot prices on the Generation segment add to the uncertainty.Company Guidance
During the Fortum investor and media call, the company provided detailed guidance on its financial performance and strategic initiatives. For the third quarter of 2024, Fortum reported a comparable operating profit of EUR 158 million and a comparable EPS of EUR 1.17 over the last 12 months. The company highlighted its efforts in hedging, achieving an 80% hedge ratio for the remainder of 2024 at EUR 44 per megawatt hour. Fortum maintained its annual optimization premium guidance of EUR 6 to EUR 8 per megawatt hour for its 47 terawatt hours of outright volume. Additionally, Fortum outlined plans for capital expenditures, expecting EUR 550 million in 2024, and reaffirmed its strategy to reduce its annual fixed costs by EUR 100 million by the end of 2025. The company emphasized its commitment to exiting coal by 2027, with a EUR 100 million investment in Poland's Czestochowa plant's biomass retrofit, and continued development of potential industrial sites in Finland. Fortum's strong financial position was underscored by a leverage ratio of 0.4x and a substantial liquidity reserve of EUR 7.6 billion.Nordic Power Demand Recovery
Nordic power demand has recovered to pre-crisis levels, with non-industrial demand strong throughout the region, reaching 401 terawatt hours over the last 12 months.
Loviisa Nuclear Power Plant Progress
The Loviisa nuclear power plant achieved a milestone by securing a reliable Western alternative fuel supply from Westinghouse. The lifetime extension project is on track, providing an additional 1,000 megawatts of capacity for 22 years.
Coal Exit and Decarbonization Investment
Fortum continues its coal exit strategy with a EUR 100 million investment in retrofitting the Czestochowa plant in Poland with biomass technology, further reducing CO2 emissions.
Strong Financial Position
Fortum maintains a strong financial position with a leverage ratio of 0.4x, improved from 0.5x at the end of last year.
Strategic Divestments
Fortum signed agreements to sell its recycling and waste business for approximately EUR 800 million, and its stake in Chempolis Oy, enhancing its focus on core operations.
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FOJCY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FOJCY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $3.08 | $2.98 | -3.25% |
| Aug 15, 2024 | $3.11 | $3.15 | +1.29% |
| Apr 30, 2024 | $2.62 | $2.62 | 0.00% |
| Feb 07, 2024 | $2.58 | $2.45 | -5.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fortum OYJ (FOJCY) report earnings?
Fortum OYJ (FOJCY) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Fortum OYJ (FOJCY) earnings time?
Fortum OYJ (FOJCY) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FOJCY EPS forecast?
Currently, no data Available
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