- Fortum
Infobox Company
company_name = Fortum
company_
company_type = Public (OMX|HEX24271|FUM1V)
foundation =1998
location_city = Flagicon|Finland Espoo
location_country = Finland
key_people = Peter Fagernäs (Chairman of the board ), Mikael Lilius (President andCEO )
industry = Energy
products = Energy generation and distribution
revenue = € 4.479 billion (2007)cite web |url=http://www.fortum.com/gallery/Investors2008/Annual_Report_2007/Fortum_Financials_07_eng.pdf |title=Annual Report 2007 |accessdate=2008-04-11 |publisher=Fortum]
net_income = profit €1.552 billion (2007)
num_employees= 8,300 (2007)
homepage = [http://www.fortum.com/ www.fortum.com]Fortum Oyj is a Finnish public listed energy company, which focuses on the Nordic and
Baltic countries ,Poland and the north-west ofRussia . The head of the company isMikael Lilius , President and CEO. Fortum operations cover the generation, distribution and sale ofelectricity andheat . It also operates and maintainspower plant s as well as does other energy related services. The main products of the company areelectricity ,heat andsteam .History
Fortum Oyj was created in 1998 by merger of the electricity company Imatran Voima Oy (IVO - founded in 1921) and the oil company Neste Oyj. In 2005, the oil business was separated again from Fortum and it was transferred to re-established
Neste Oil company. Majority of Fortum's shares (51.1%) is owned by Finnish Government. The market capitalization of company is around €19 billion.Operations
In
Norway Fortum has bought several power companies and set up a base inSarpsborg . Through subsidiaries it operates thepower grid in most ofØstfold , as well as owning thedistrict heating system inBærum . Fortum also holds partial ownership ofFredrikstad Energi (49%) and Hafslund (34%).References
External links
* [http://www.fortum.com Fortum.com]
* [http://www.fortumar.com Fortum financial statements]
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