Finance
Finnish utility Fortum's second-quarter profit lags forecast
Published by Global Banking & Finance Review®
Posted on August 15, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 15, 2025
1 min readLast updated: January 22, 2026
Fortum's Q2 earnings fell below expectations due to lower electricity prices and geopolitical issues, with a significant drop in operating profit.
HELSINKI (Reuters) -Finnish utility Fortum on Friday posted second quarter earnings below estimates and said its results were affected by lower electricity market prices and generation volumes compared to a year earlier.
"Power prices were under pressure both from abundant hydro reservoirs at the beginning of the quarter and from increased wind production," CEO Markus Rauramo said in a statement.
Fortum said its April-June comparable operating profit fell to 115 million euros ($134.21 million) from 233 million a year ago, missing a mean estimate of 133 million in a poll provided by the company.
"Uncertainty in the operating environment has remained strong due to ongoing geopolitical conflicts and U.S. tariff plans and may pose challenges to major industrial investments in the Nordics," Rauramo said.
($1 = 0.8569 euros)
(Reporting by Essi Lehto, editing by Terje Solsvik)
Operating profit refers to the income generated from a company's core business operations, excluding deductions of interest and taxes. It reflects the efficiency of the company's operations.
Electricity prices are the rates charged to consumers for the consumption of electrical energy. These prices can fluctuate based on supply and demand, production costs, and market conditions.
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