Fortum increases dividend

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Fortum increases dividend
Photo: Stefan Sjödin/Fortum via TT

The energy company Fortum is increasing the dividend to 1.40 euros according to a proposal from the board. This can be compared to 1.15 euros last year.

The Finnish energy company, which is also a leading player in the industry in Sweden, is simultaneously reporting an unexpectedly sharp profit decline for the fourth quarter.

The adjusted operating profit plummeted 28 percent to 257 million euros, which can be compared to the average forecast among analysts of 295 million euros.

Sales in the fourth quarter fell 23 percent to 1.44 billion euros, compared to expected 1.55 billion.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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