Fortum Corporation Interim Report January - September 2013

Typically weak third-quarter results further burdened by very low hydro volumes – strong cash flow

July−September 2013
• Comparable operating profit EUR 166 (223) million, -26%
• Operating profit EUR 97 (226) million, of which EUR -69 (3)   million relates to items affecting comparability
• Earnings per share EUR 0.04 (0.14), -71%, of which EUR -0.05 (0.01) per share relates to items affecting comparability
• Cash flow from operating activities totalled EUR 414 (111) million, +273%
• Nearly all-time low hydro production, 3.9 (6.3) TWh
• 2014: 65% hedged at EUR 42 per MWh; and 2015: 20% hedged at  EUR 41 per MWh
• Finalisation of the Russian investment programme postponed by some months; ready by mid-2015
• Electricity production at the Inkoo coal-fired power plant in Finland to be discontinued

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Fortum Corporation Q3-2013