Annual Report 2013 | Suomeksi |

Shareholders value, share price performance and volumes

Fortum's mission is to deliver excellent value to its shareholders. Fortum’s share price has appreciated approximately 9% during the last five years, while the Dow

Jones Europe Utility Index has decreased 18%. During the same period NASDAQ Helsinki Cap index has increased 69%. During 2013 Fortum’s share price appreciated approximately 18%, while the Dow Jones Europe Utility Index increased 7% and the NASDAQ Helsinki Cap index increased 26%.

During 2013, a total of 465.0 million (2012: 494.8) Fortum Corporation shares, totalling EUR 7,027 million, were traded on the NASDAQ OMX Helsinki Ltd. The highest quotation of Fortum Corporation shares during 2013 was EUR 18.18, the lowest EUR 13.10, and the volume-weighted average EUR 15.11. The closing quotation on the last trading day of the year 2013 was EUR 16.63 (2012: 14.15). Fortum's market capitalisation, calculated using the closing quotation of the last trading day of the year, was EUR 14,774 million (2012: 12,570).

In addition to the NASDAQ OMX Helsinki Ltd., Fortum shares

were traded on several alternative market places, for example at Boat, BATS Chi-X and Turquoise, and on the OTC market as well. The total volume of these all trades in 2013, including also all other trades than the primary market place, was approximately 1,101 million shares (2012: 1,097) and the turnover was approximately EUR 16,508 million (2012: 17,292). In 2013, approximately 58% (2012: 55%) of Fortum's traded shares were traded on markets other than NASDAQ OMX Helsinki Ltd.

Fortum has continuously carried out structural and operational development according to its strategy. Since the year 2000, Fortum has made acquisitions totalling EUR 11 billion and divestments totalling EUR 8 billion. 

1. Acquisition of Stora Enso power generation assets 1.9 bn EUR

2. Birka acquisition remaining 50% 3.6 bn EUR               

3. Sale of Fortum Energie GmbH 545 MEUR    

4. Ministry of Trade and Industry sells down to 61%

5. Sale of Norwegian E&P for $1.1 bn

6. Asset swap worth 800 MEUR gaining shareholdings in Hafslund and Lenenergo

7. Increase in Hafslund stake to 31%

8. Increase in Lenenergo stake

9. Dividending out and sale of Neste Oil shares market value 3.8 bn EUR

10. Ministry of Trade and Industry sells down to 51.7%

11. Acquisition of Wroclaw 120 MEUR 

12. E.ON Finland acquisition 713 MEUR

13. Sale of Russian Lenenergo stake for 295 MEUR  

14. Participation in 243 MEUR share issue in TGC-1

15. Acquisition of TGC-10 (Changed name to OAO Fortum) EUR 2.5 bn

16. Divestment of district heat operations outside Stockholm area in Sweden, total sales price appr. 220 MEUR

17. Final agreement over sale of Fingrid shares appr. 325 MEUR

18. Fortum agreed to sell Fortum Energiaratkaisut Oy and Fortum Termest AS total sales price appr. 200 MEUR

Acquisition of Stora Enso power generation assets 1.9 bn EUR

Birka acquisition remaining 50% 3.6 bn EUR   

Sale of Fortum Energie GmbH 545 MEUR

Ministry of Trade and Industry sells down to 61%

Sale of Norwegian E&P for $1.1 bn

Asset swap worth 800 MEUR gaining shareholdings in Hafslund and Lenenergo

Increase in Hafslund stake to 31%

Increase in Lenenergo stake

Dividending out and sale of Neste Oil shares market value 3.8 bn EUR

Ministry of Trade and Industry sells down to 51.7%

Acquisition of Wroclaw 120 MEUR 

E.ON Finland acquisition 713 MEUR

Sale of Russian Lenenergo stake for 295 MEUR  

Participation in 243 MEUR share issue in TGC-1

Acquisition of TGC-10 (Changed name to OAO Fortum) EUR 2.5 bn

Divestment of district heat operations outside Stockholm area in Sweden, total sales price appr. 220 MEUR

Final agreement over sale of Fingrid shares appr. 325 MEUR

Fortum agreed to sell Fortum Energiaratkaisut Oy and Fortum Termest AS total sales price appr. 200 MEUR

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