The Finnish utility firm raised its FY2026 outlook after reporting stronger Q2 earnings and cash flow.
Fortum Oyj reported Q2 non-GAAP earnings per share of €0.08, matching expectations, while revenue climbed 15% year-over-year to €1.12 billion. Comparable EBITDA reached €185 million, and operating cash flow totaled €324 million for the quarter.
The company updated its FY2026 outlook, citing improved performance in its Generation segment. Nordic generation hedges are now approximately 80% priced in euros, reflecting a more stable pricing environment compared to prior periods.
Shares showed limited movement in early trading as investors digested the results and revised guidance.