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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: -8.77%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive strategic developments, such as the S&P credit rating upgrade and progress in clean energy projects, along with challenges like lower power prices and extended outages at key facilities. While there are positive trends in strategic areas, some financial metrics and operational challenges remain under pressure.Company Guidance
During the call, Fortum provided guidance on several key metrics for the first quarter of 2024. The company achieved an optimization premium that was double-digit, surpassing the annual guidance of EUR 6 to EUR 8 per megawatt hour. Fortum's operating cash flow improved to EUR 538 million, and the financial net debt to comparable EBITDA ratio decreased to 0.3x over the last 12 months, reflecting a stronger balance sheet. The first quarter comparable EBITDA was reported at EUR 622 million, with a comparable operating profit of EUR 530 million, both impacted by lower spot and hedge prices. Fortum also updated its outright portfolio volume to 47 terawatt hours due to increased volumes from the Olkiluoto 3 nuclear plant and the Pjelax wind farm. Additionally, the company outlined its capital expenditure plan for 2024, expected to be EUR 550 million, and its goal to reduce the annual fixed cost base by EUR 100 million, excluding inflation, by the end of 2025.S&P Credit Rating Upgrade
In March, S&P upgraded Fortum's long-term credit rating to BBB+ with a stable outlook, reflecting systematic efforts to strengthen financial position and strategic focus on clean energy.
Consumer Solutions Recovery
The Consumer Solutions segment had a strong first quarter with more normalized results, driven by higher electricity sales margins in more stable market conditions.
Optimization Premium Achievements
The optimization premium was in the double digits, above the annual guidance of EUR 6 to EUR 8 per megawatt hour, supported by higher hydro volumes and commissioning volumes from Pjelax wind farm.
Strong Operating Cash Flow
Operating cash flow improved compared to last year, totaling EUR 538 million in the first quarter.
Advancements in Clean Energy Projects
Strategic focus on clean energy projects, including the commissioning of the Pjelax wind farm and closing down coal-fired units in Espoo, Finland.
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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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