The Finnish utility exits the first quarter of the year with explosive revenue, though both the operating result and bottom line are marred by the Russian invasion of Ukraine. Fortum will now initiate a Russian exit, says CEO.
BY ANNE FILBERT, TRANSLATED BY CHRISTOFFER ØSTERGAARD
A dramatic start to the year.
This description of the first quarter comes from Chief Executive Officer of Fortum Markus Rauramo, and the statement is backed up by Fortum’s first interim report in 2022.
The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.