Q1 2019 Fortum Oyj Earnings Call Transcript
Hello, everybody. It's my pleasure to welcome you today both here in Espoo at our headquarters and also online to Fortum's joint webcasted news conference on our first quarter results. Please note that this event is being recorded and a replay will be available afterwards on our website. My name is Ingela Ulfves and with me here is also Mans and Rauno from our IR team.
Our CEO, Pekka, and CFO, Markus, will present Fortum's Q1 numbers and performance, after which we will open up for questions and answers. You are also able to ask questions on our webcast chat.
I now hand over to Pekka.
Thank you very much, Ingela. Good morning dear investors both here in Espoo and over the web, great to have you join us again this morning. We are, for the most part, pleased with the results of the first quarter. There was a lot of volatility on the market, but despite that volatility, the Nordic power crisis, the spot price -- system price was up 22% in the quarter and that's, of course, a very
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