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Fortum Oyj (FOJCF) CEO Pekka Lundmark on Q4 2018 Results - Earnings Call Transcript

Feb. 01, 2019 5:22 PM ETFortum Oyj (FOJCF)
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Fortum Oyj (OTCPK:FOJCF) Q4 2018 Results Conference Call February 1, 2018 4:00 AM ET

Company Participants

Måns Holmberg - IR

Pekka Lundmark - CEO

Markus Rauramo - CFO

Conference Call Participants

Artem Beletski - SEB

Wanda Weirzbicka - Credit Suisse

Lueder Schumacher - Societe Generale

Vincent Ayral - JPMorgan

James Brand - Deutsche Bank

Lars Polson - Bloomberg News

Måns Holmberg

Hello, and welcome everybody to Fortum's full year 2018 results web conference, both you here in Keilaniemi in our headquarters and everybody online. Please note that this event will be recorded and you can see a recording afterwards on Fortum's Web site.

Today we have Pekka Lundmark, our CEO and our CFO, Markus Rauramo, presenting our full year results. And after that presentation, you will be able to ask questions, both directly here in the audience by raising your hand or then through the chat online or by telephone. But please, Pekka, the stage is yours.

Pekka Lundmark

Thank you very much, Måns. And good morning investors, media and whoever might be watching, either over the network or here in Espoo. Welcome to this event where we go through our full year results. And I would like to say that we are overall pleased with the results a solid quarter ended, a year that was quite eventful.

Of course, we had a key event in the fourth quarter our Capital Market Day where we updated our strategy, we presented our four priorities going forward, which I will not go into today but they will of course be guiding our work in the coming years. The most significant event during the whole year was obviously the investments in Uniper. And I’d like to briefly reflect on the current situation because this is of course such an important matter that is still ongoing.

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