Fortum

Fortum is a European energy company with activities in more than 40 countries. We provide our customers with electricity, gas, heating and cooling as well as smart solutions to improve resource efficiency.

Launch date

1998

Employees

1001-5000 people

Market cap

Enterprise valuation

AUD23.8b (Public information from Sep 2024)

Company register number 0350017-4

Espoo Uusimaa (HQ)

http://www.fortum.com

https://twitter.com/fortum https://www.facebook.com/fortumglobal https://www.linkedin.com/company/fortum

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Corporate Venture Fund: Valkea

Revenues, earnings & profits over time

EUR	2020	2021	2022	2023	2024	2025	2026
Revenues	49.0b	112.4b	8.8b	6.7b	6.3b	6.0b	5.6b
% growth	800 %	129 %	(92 %)	(24 %)	(6 %)	(4 %)	(7 %)
EBITDA	3.9b	7.5b	2.9b	2.1b	1.7b	1.5b	1.4b
% EBITDA margin	8 %	7 %	33 %	31 %	27 %	24 %	26 %
Profit	1.8b	739m	(2.4b)	(2.1b)	1.1b	880m	832m
% profit margin	4 %	1 %	(27 %)	(31 %)	17 %	15 %	15 %
EV / revenue	0.5x	0.3x	1.7x	1.9x	2.2x	2.3x	2.5x
EV / EBITDA	6.2x	4.5x	5.2x	6.0x	8.3x	9.6x	9.9x

Source: Dealroom estimates

Date	Investors	Amount	Round
-	Ideon Science Park Russian Direct Investment Fund (RDIF)	N/A	-
Jan 2000	N/A	N/A	IPO
Sep 2022*	Solidium	€350m	Post IPO Debt
Jun 2024*	OP Financial Group	€400m	Post IPO Debt
Total Funding		-