Business |
Comparable operating profit in 2021 |
Comparable net assets at 31 Dec 2021 |
Volume in 2021 |
Generation is responsible for Nordic power generation. The segment comprises CO2-free nuclear, hydro, and wind power generation, as well as power portfolio optimisation, trading, market intelligence, thermal power for the capacity reserve, and global nuclear services. The segment does not include the Nordic hydro and nuclear power generation or the trading activities of Uniper. As of 31 March 2020, the segment includes Generation’s proportionate share of OKG. |
MEUR 1,110 |
MEUR 6,336 |
Nordic generation 46.8 TWh |
The Russia segment comprises power and heat generation and sales in Russia. The segment includes Fortum’s fully owned power plants and its joint ventures for building and operating approximately 3.4 GW of renewable power generation and for power and heat sales, as well as Fortum’s more than 29% holding in TGC 1. These joint ventures and the associated company are accounted for using the equity method. The segment does not include Uniper’s Russian subsidiary Unipro. |
MEUR 261 |
MEUR 2,508 |
Power generation 28.6 TWh, Heat production 17.1 TWh |
City Solutions is responsible for sustainable solutions for urban areas. The segment comprises heating, cooling, waste-to-energy, and other circular economy solutions, as well as solar power generation, services, and development of new biomass-based businesses. The business operations are located in the Nordics, Poland, and India. The segment has also included Fortum’s 50% holding in Stockholm Exergi Holding AB, which was a joint venture accounted for using the equity method. Stockholm Exergi Holding AB was divested in September 2021. The segment does not include the operations of Fortum’s subsidiary Uniper. |
MEUR 135 |
MEUR 2,456 |
Power sales 3.3 TWh, Heat sales 10.0 TWh |
Consumer Solutions is responsible for the electricity and gas retail businesses in the Nordics, Poland, and Spain, including related customer service and invoicing businesses. Fortum is the largest electricity retail business in the Nordics, with approximately 2.2 million customers across different brands in Finland, Sweden, Norway, Poland, and Spain. The business provides electricity, as well as related value-added and digital services, mainly to retail customers. |
MEUR 52 |
MEUR 1,125 |
Electricity sales 31.5 TWh, Gas sales 6.0 TWh |
The Uniper segment comprises Fortum’s majority ownership in Uniper, a subsidiary of Fortum. Uniper is a leading international energy company with activities in more than 40 countries. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading and optimisation, which Uniper reports in three businesses – European Generation, Global Commodities, and Russian Power Generation – in its financial statements. Approximately 50% of the power generating capacity is gas-based, 25% coal-based, approximately 15% hydro- or nuclear-based, and 10% is other. The segment includes Uniper’s proportionate share of OKG. |
|
MEUR 4,971 |
Generation 110.0 TWh |