Adjusted operating profit rose marginally to EUR 102 million, up from EUR 97 million in the same quarter last year.
But analysts had expected more. The average forecast was EUR 122 million, according to Bloomberg.
However, sales revenue was better than expected, rising to EUR 1.1 billion from EUR 929 million a year earlier, compared with the average forecast of EUR 1.0 billion.
Fortum is a co-owner of the nuclear power plants in Oskarshamn and Forsmark and one of Sweden’s largest electricity trading companies, with approximately one million customers in the country.
Fortum has lowered its forecast for nuclear power production this year to 23.0 terawatt-hours, from 23.0–23.5 terawatt-hours.
