the energy company fortum’s profitability improved clearly in the third quarter.
This year’s July-September comparable operating profit increased by 153 million, while last year it was 96 million euros at the same time of the year. The result therefore improved to 59% from one year ago.
net Sales, instead, increased nine percent from the comparison period and amounted this year to 1.06 billion euros.
president and Ceo Pekka Lundmark according to the hydropower production volume rose to normal levels from one year ago to a historic low level. According to lundmark, including nuclear power production rose to a good level.
– Clearly lower spot prices, we were able to raise the achieved electricity price we successful protection, which strengthens the result even further, Lundmark said the company published today in the bulletin (you move to another service).
Fortum improved the result, especially in the Generation segment, i.e. the nordic countries the electricity production of comparable results in the doubling of year-on-year.
according to Lundmark, the City Solutions segment result was, however, disappointing. City Solutions segment include district heating, waste to energy and biofuels as well as solar power production.
It is partly due to many of the challenging external factors, and we assess a variety of internal measures to improve the result, Lundmark says.
the Third quarter’s strong performance is a continuation of fortum’s recent good earnings. The company’s result improved clearly in the second quarter.
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