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Fortum Oyj (OTC) (FOJCY)
:FOJCY
Earnings Data
Report Date
Aug 15, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: 10.68%
|Next Earnings Date:Aug 15, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. Fortum achieved a strong power price and maintained a robust financial position with strategic acquisitions and effective cost management. However, challenges included decreased hydro and nuclear volumes, a decline in comparable operating profit, and ongoing market volatility impacting power purchase agreements.Company Guidance
During the call, Fortum provided guidance for several key metrics in their first quarter 2025 report. Despite lower Nordic spot prices, Fortum achieved a power price of €60.1 per megawatt hour, supported by a robust optimization premium. They updated their annual optimization premium guidance to €7 to €9 per megawatt hour for 2025, while maintaining €6 to €8 per megawatt hour for subsequent years. Fortum's hydro generation was below the long-term average, and nuclear volumes decreased, negatively impacted by outages. The forecast for nuclear volumes for the rest of the year decreased by about 1.4 terawatt hours. Fortum's comparable operating profit for Q1 2025 was €462 million, while comparable EPS declined to €0.42. Operating cash flow was €453 million. The company's financial net debt was nearly zero, with a leverage ratio of 0.0x. The guidance for corporate tax rate remains unchanged at 18% to 20% for 2025 and 2026, with potential adjustments in 2027 pending legislative changes in Finland. Capital expenditure is expected to be €1.4 billion from 2025 to 2027, with maintenance CapEx at about €250 million annually.Strong Achieved Power Price
Despite lower Nordic spot prices, Fortum achieved a power price of €60.1 per megawatt hour, supported by a robust double-digit optimization premium above last year's level.
Renewables and Strategic Acquisitions
Fortum continued developing its Renewables pipeline, concluded the acquisition of Enersense's project development portfolio, and announced the acquisition of Polish electricity solutions provider, Orange Energia, doubling its customer base in Poland.
Robust Financial Position
The company's financial net debt was practically zero, and the leverage ratio stood at 0.0x at the end of the first quarter, reflecting a stable financial position.
Successful Cost Management
The efficiency improvement program is proceeding as planned, with a small decrease in fixed costs and continued efforts to reduce the fixed cost base by €100 million by the end of 2025.
Strong Liquidity Position
Fortum reported ample liquidity reserves of €8.4 billion, including €4.3 billion of liquid funds and €4.1 billion in undrawn committed credit facilities and overdrafts.
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
FOJCY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2025 | $3.09 | $3.33 | +7.77% |
Feb 11, 2025 | $2.82 | $2.82 | 0.00% |
Oct 29, 2024 | $2.94 | $2.85 | -3.06% |
Aug 15, 2024 | $2.97 | $3.01 | +1.35% |
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.
FAQ
When does Fortum Oyj (OTC) (FOJCY) report earnings?
Fortum Oyj (OTC) (FOJCY) is schdueled to report earning on Aug 15, 2025, TBA Not Confirmed.
What is Fortum Oyj (OTC) (FOJCY) earnings time?
Fortum Oyj (OTC) (FOJCY) earnings time is at Aug 15, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is FOJCY EPS forecast?
Currently, no data Available