trending Market Intelligence /marketintelligence/en/news-insights/trending/_DK8szm-Q7ZKGA0bqWKJlg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Fortum profit misses consensus by 37.3% in Q2

Machine Learning and Credit Risk Modelling

OTT Helps To Offset Pay TV Losses for Video Security Vendors

5G Survey: Despite COVID-19 delays, operator roadmaps still lead to 5G

COVID-19 reduces U.S. residential smart meter shipments over the short term but long term still looks positive


Fortum profit misses consensus by 37.3% in Q2

Fortum Oyj said its second-quarter normalized net income amounted to 10 euro cents per share, compared with the S&P Capital IQ consensus estimate of 16 cents per share.

EPS fell 29.8% year over year from 14 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €88.4 million, a decrease of 29.3% from €125.0 million in the prior-year period.

The normalized profit margin dropped to 11.0% from 14.0% in the year-earlier period.

Total revenue decreased 9.9% on an annual basis to €806.0 million from €895.0 million, and total operating expenses decreased on an annual basis to €662.0 million from €685.0 million.

Reported net income decreased 39.8% year over year to €118.0 million, or 13 cents per share, from €196.0 million, or 22 cents per share.