Fortum CEO on Earnings, Clean Energy, Swedish Nuclear Power

The CEO of Fortum, Pekka Lundmark, discusses the company's latest financial quarter, highlighting improved performance and a strong cash flow. Fortum is conducting a strategic review of its Polish, Baltic, and Finnish heating operations, considering potential divestments. The Uniper deal is underway, with plans to close coal plants in Germany and Finland. The future of nuclear energy in Sweden is debated, with Fortum supporting continued operations based on economic and technical viability.

What was one of the key achievements for Fortum in their latest quarter?

• Expanding into new markets

• Reducing operating costs by 20%

• Improving unit performance compared to the previous year

• Achieving a 15% return on capital

What is the main reason behind Fortum's strategic review of its heating operations?

• To increase the number of heating plants

• To focus on certain operations and potentially divest others

• To merge with another company

• To reduce operational costs

What is the current status of the synergy estimates from the Uniper deal?

• They have been fully disclosed

• They are still being calculated

• They are substantial but not yet public

• They are insignificant

What significant change in energy usage was observed in Europe last year?

• Increase in coal usage by 20%

• Decline in renewable energy usage by 20%

• Decline in coal usage by 20%

• Increase in nuclear energy usage by 20%

What is Fortum's stance on the continuation of nuclear energy in Sweden?

• They oppose it

• They support it

• They plan to invest in it

• They are neutral