Fortum targets core profit growth, sticks to dividend plan through 2030

Fortum Oyj

25/11/2025 07:47

Nov 25 (Reuters) - Fortum FORTUM.HE aims to increase its core profit over the next five years, the Finnish utility said on Tuesday ahead of its capital markets day, while keeping its dividend target unchanged.

     The company expects its comparable operating profit to improve to 1.26 billion euros ($1.45 billion) by 2030, compared to the 930 million it booked for the 12 months ended on September 30.

It aims to pay out 60-90% of its comparable earnings per share as dividends, with the range depending on the balance sheet situation and investment levels each year.

Fortum's earnings have been hit by weaker power generation in 2025. In August, it warned of an uncertain demand outlook amid geopolitical conflicts that could challenge industrial investments in the Nordic region.

The company said on Tuesday it expected to spend around 2 billion euros on capital expenditures by 2030. This could be expanded by a further 2.5 billion euros, should an attractive investment opportunity arise, it added.

($1 = 0.8681 euros)

(Reporting by Boleslaw Lasocki and Elviira Luoma in Gdansk, editing by Milla Nissi-Prussak)

((Elviira.luoma@thomsonreuters.com))