Fortum Oyj

XMUN:FOT

Business Description

Sector

Utilities

Industry

Utilities

Headquarters

Finland FI

Employees

4 535

IPO date

Dec 18, 1998

Fortum Oyj is a Nordic energy company that makes and sells electricity and heat. It owns and runs power plants, especially hydropower and nuclear assets in the Nordics, and it also supplies district heating and cooling in some markets. In simple terms, Fortum sits between the power plants and the people and businesses that need energy.

Its customers include households, small firms, large industrial users, and utility buyers that need steady power and heat. Fortum also sells electricity through retail contracts and, in some areas, helps customers manage their energy use. The company earns money by producing energy and selling it in wholesale markets, by supplying electricity to end users, and by charging for heating and related services.

What makes Fortum different is its mix of low-carbon power generation and its role as both a producer and a seller of energy. That gives it a business tied to essential, long-lived infrastructure rather than one-off products. It is exposed to power prices and energy regulation, but its core job is straightforward: generate energy, move it through the market, and deliver it to customers who need reliable supply.