Uniper's gas sends Fortum soaring

The Finnish utility earns especially well from its natural gas business, while Uniper also adds plenty of momentum to the third quarter.

Photo: Fortum

Fortum's third-quarter performance was strongly supported by having German utility Uniper well integrated in the business. In any case, Fortum closed Q3 with flying colors, with high prices on both natural gas and electricity boosting results against the same period of 2020.

The power company thus exits the third quarter with earnings before interest, taxes, depreciations and amortizations of EUR 574m, thereby quadrupling operating earnings compared to EUR 132m from Q3'20.

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