Fortum Oyj (OTCPK:FOJCY)

$ 2.86 -0.08 (-2.72%) Market Cap: 12.83 Bil Enterprise Value: 14.41 Bil PE Ratio: 9.66 PB Ratio: 1.48 GF Score: 69/100

Fortum Oyj Annual Shareholders Meeting Transcript

Mar 28, 2022 / 11:00AM GMT

Release Date Price: $3.74 (+5.35%)

Transcript

Veli;Matti Reinikkala

Fortum Oyj - Independent Chairman of the Board

(technical difficulty)

[Interpreted] physical Annual General Meetings seem to be a mere distant memory as we are now, for the third time, gathering together via remote connections. Although the restrictions on assembly caused by the pandemic were lifted in the past weeks, organizing a physical Annual General Meeting was not an option in the current situation. Instead, we rely on arrangements in compliance with the temporary law. We prioritize the health and safety of shareholders and our personnel. And we do not wish to jeopardize them. Time will tell what form the Annual General Meetings will take in the future.

Thursday, the 24th of February of this year, will stay in history books as the day that we will remember for long. The Russian invasion of Ukraine has started changes. And nobody knows what the outcome of those changes will be. The repercussions will be extensive and far reaching. The economic relations between Russia and Europe that were built over a decade are now broken. At Fortum, these

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