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FORTUM Fortum Oyj News Story

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Brief: Fortum Updates Long-Term Financial Targets, Sets RONA Target At 14%

Nov 25 (Reuters) - Fortum Oyj FORTUM.HE:

UPDATES ITS LONG-TERM FINANCIAL TARGETS, STRATEGIC TARGETS AND STRATEGIC KPIS

SETS LONG-TERM RONA TARGET AT 14%

EXPECTS OPERATING PROFIT TO IMPROVE BY EUR 330 MILLION BY 2030

FOR 2026, TOTAL CAPITAL EXPENDITURE IS EXPECTED TO BE APPROXIMATELY EUR 550 MILLION EXCLUDING ACQUISITIONS

SETS DEBT-TO-EBITDA MAXIMUM AT 2.5 TIMES

FOR PERIOD OF 2026-2030, FORTUM'S COMMITTED CAPITAL EXPENDITURE IS EXPECTED TO BE APPROXIMATELY EUR 2.0 BILLION EXCLUDING ACQUISITIONS

TARGET FOR FINANCIAL NET DEBT-TO-COMPARABLE EBITDA: MAXIMUM OF 2.5 TIMES (PREVIOUSLY 2.0-2.5)

Source text: ID:nWkr9dWcPw

Further company coverage: FORTUM.HE

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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