Fortum guides 2026 Nordic outright generation 80% hedged at EUR 40/MWh

• Fortum tightened Generation Nordic outright hedging guidance for 2026: 80% hedged at EUR 40/MWh for the rest of the year.
• 2027 hedge ratio lifted to 65% at EUR 41/MWh, versus 60% at EUR 40/MWh previously reported.
• Annual optimisation premium expectation reiterated at EUR 8-10/MWh in 2026, easing to EUR 6-8/MWh from 2027.
• Nuclear volume outlook for 2026 cut to about 23-23 TWh from 23-24 TWh, reflecting more outage days.
• Capital expenditure guidance unchanged: EUR 2 billion for 2026-2030, including EUR 250 million annual maintenance, EUR 750 million total growth; 2026 about EUR 550 million.

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