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Fortum Oyj (OTC) (FOJCY)
:FOJCY
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.11Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 5.41%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Fortum's strong financial stability, successful divestments, and progress in decarbonization efforts, despite challenges from lower power prices and nuclear availability issues. The financial performance and strategic execution present a positive outlook, but operational challenges indicate areas for improvement.Company Guidance
In the recent call, Fortum provided comprehensive guidance on its financial performance and strategic initiatives for 2024. The company highlighted a year focused on optimizing core operations, divesting noncore assets, and implementing efficiency improvements, aiming for future growth despite challenging weather conditions. The Nordic power consumption increased by 9 TWh to 395 TWh, although Q4 consumption declined by 5 TWh to 107 TWh. Fortum's 2024 achieved power price was bolstered by successful hedging, with an optimization premium of €8.7/MWh exceeding the €6-8/MWh target. The company also improved in Consumer Solutions and Other Operations segments. The divestment of the recycling and waste business generated a tax-exempt capital gain of €176 million in Q4, with a total consideration of €800 million. Fortum plans a dividend of €1.40 per share, including a €0.50 special dividend, reflecting its strong balance sheet, with a 2024 year-end leverage of 0.2x. Fortum aims to reduce annual fixed costs by €100 million by 2025, excluding inflation, and is preparing for growth with a 2026 fixed cost base target of approximately €850 million, excluding a €30 million increase in Swedish property tax. The company continues to focus on decarbonization, renewable energy projects, and exploring new nuclear opportunities, although current Nordic power prices challenge the commercial viability of new nuclear investments.Strong Financial Performance and Strategy Execution
Despite challenging conditions, Fortum achieved a good power price level in 2024 through successful hedging and physical optimization, with an optimization premium of €8.7 per megawatt hour, exceeding the target range of €6 to €8.
Significant Divestments and Capital Gains
Fortum divested its recycling and waste business for €800 million, recording a tax-exempt capital gain of €176 million. Additionally, it sold a solar portfolio in India for €33 million, with a sales gain of €16 million.
Financial Stability and Shareholder Returns
Fortum's leverage decreased to 0.2x by the end of 2024, and the company proposed a dividend of €1.40 per share, along with a special dividend of €0.50 per share.
Progress in Decarbonization and Renewable Energy
Fortum made significant progress in its Espoo Clean Heat program, closed its last coal-fired unit in Suomenoja ahead of schedule, and commissioned the Pjelax wind farm in 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 |
|---|---|---|---|
| Feb 11, 2025 | $2.96 | $2.96 | 0.00% |
| 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% |
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 (OTC) (FOJCY) report earnings?
Fortum Oyj (OTC) (FOJCY) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Fortum Oyj (OTC) (FOJCY) earnings time?
Fortum Oyj (OTC) (FOJCY) earnings time is at Apr 29, 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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