Fortum Oyj

Fortum Corporation announced that its Financial Statements Bulletin for 2024 will be published on 11 February 2025 at around 9.00 EET. The company will release three interim reports in 2025, with the Financial Statements and Operating and Financial Review for 2024 to be published by 17 February 2025. The Annual General Meeting for 2025 is scheduled for 1 April 2025, with further details on possible dividends to be announced later. Fortum is a Nordic energy company focused on clean energy production and decarbonization. The company's shares are listed on Nasdaq Helsinki. For more information, contact Ingela Ulfves, Rauno Tiihonen, or Siri Markula from the Investor Relations team.

Fortum Corporation has agreed to sell its recycling and waste business to Summa Equity through its portfolio company NG Group for approximately EUR 800 million. Fortum expects to record a tax-exempt capital gain of about EUR 110 million from the sale, though the final amount will depend on the balance sheet value at closing. The transaction, part of Fortum's strategic review initiated in August 2023, is expected to close in the fourth quarter of 2024, subject to customary conditions. This divestment aligns with Fortum's focus on clean energy and decarbonisation in the Nordics, as the recycling and waste business is not central to this strategy. The business to be sold includes waste management and recycling services in Finland, Sweden, Denmark, and Norway, employing around 900 people. Summa Equity aims to enhance the business to support EU climate and pollution goals. Post-sale, Fortum will continue reviewing its remaining Circular Solutions businesses. The transaction will also reduce Fortum's capital expenditure guidance from 2025 onwards.

Fortum Corporation announced that Nora Steiner-Forsberg, Executive Vice President, Legal, General Counsel, and Eveliina Dahl, Executive Vice President, People and Procurement, will leave the company by the end of 2024 to pursue roles in other companies. President and CEO Markus Rauramo praised their significant contributions to Fortum, highlighting their roles in navigating the company through challenges and overseeing structural changes. The recruitment process for their successors will begin immediately. Fortum is a Nordic energy company focused on clean energy production and decarbonization, with operations primarily in the Nordics. The company's shares are listed on Nasdaq Helsinki.

Fortum Corporation announced that Bernhard Günther, Chief Transformation Officer and member of the Fortum Leadership Team, will leave the company by mutual agreement at the end of 2024. Günther led the temporary Transformation Office established in March 2023 to support Fortum's new Nordic strategy focused on clean energy. As the transformation initiatives are progressing as planned, the responsibilities will be transitioned to the line organization, making the dedicated Transformation Office no longer necessary. Markus Rauramo, President and CEO of Fortum, expressed gratitude for Günther's contributions and wished him success in his future endeavors. Fortum is a Nordic energy company committed to clean energy and environmental targets, with operations in CO2-free power generation and reliable electricity and district heat supply. Fortum's shares are listed on Nasdaq Helsinki.