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Fortum Misses Profit Forecast on Data Centres

Fortum reported a third quarter operating profit miss and trimmed its nuclear forecast. However, the Finnish utility highlighted strong long-term power demand driven by data centre expansion.

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FILE PHOTO: Finnish energy company Fortum sign is seen at their headquarters in Espoo, Finland July 17, 2018. Picture taken July 17, 2018. REUTERS/Ints Kalnins/File Photo

FORTUM OYJ posted an operating profit of €102 million ($113.57 million) and trimmed its nuclear outlook on Wednesday morning, sending shares down 3%.