{
 "as_of": "2026-11-11",
 "cmr": "fi-cm-kg/XHEL/FI0009007132",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Fortum Corporation (Nasdaq Helsinki: FI0009007132) — research page\n\nAs of 2026-11-11 · fi-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Fortum Corporation, listed on Nasdaq Helsinki under ticker FI0009007132, with ISIN FI0009007132 and LEI 635400IUIZZIUJSAMF76. Security type, segment, sector and jurisdiction are not on the record. The listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 184 filings in the twelve months to 2026-11-11, across 35 filing days. The median gap between filing days is 6.5 days. The latest filing is dated 2026-11-06, five days before the record date, and is of type Tender offer. The exchange median cadence gap is 7 days across 151 issuers, and the exchange median latency is 6.5 days. The sector median is not on the record.\n\n## Auditor\n\nThe auditor of record is not on the record, and its location is not on the record. The market's record does not carry auditor changes for this register.\n\n## Events and halts\n\nThe record carries no listing, delisting, name change, domicile change or segment move lines, because the register has no lifecycle type map yet. The halt flag is off: the issuer is listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable under rule version acm-68000/fi/mifid-ii-product-governance/r1, as the chapter's orderability section carries no client categories, as of 2026-11-04. No signal code is given.\n\n## Coverage\n\nThe issuer's investor-relations page names 25 research houses: ABG Sundal Collier, AlphaValue, Barclays (UK), Berenberg Bank, BNP Paribas Exane, Citi Research, Deutsche Bank, Goldman Sachs, Inderes, J.P. Morgan Securities, Santander Corporate & Investment Banking, Danske Markets, DNB Carnegie, Enskilda Securities, Kepler Cheuvreux, Morgan Stanley, Nordea, Oddo Securities - Oddo & Cie, OP Financial Group, RBC Capital Markets, SB1 Markets, UBS, BNP Paribas, Danske Bank and SEB.\n\n## Open research\n\nNo openly published research notes are on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began is not on the record.\n\n## Sources\n\n6 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://firds.esma.europa.eu/firds/ (identity.exchange)\n- https://mcp.fi-cm-kg.ai/events/XHEL/FI0009007132 (the disclosure lines)\n- https://api.news.eu.nasdaq.com/news/query.action?globalGroup=exchangeNotice&globalName=exchangeNewsFilterHEX|FirstNorthInformationHEX (the halt flag)\n- https://fi.eu-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.fortum.com/investors/share-information/analyst-contacts (coverage)\n- https://mcp.fi-cm-kg.ai/record/XHEL/FI0009007132 (the record)\n",
 "market": "FI",
 "node": "fi-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the FI vintage is not sealed; the record is the live record as of 2026-11-11",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "FI",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "FI",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "FI",
    "state": "not_on_record"
   },
   "changes": {
    "market": "FI",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "fi-cm-kg/XHEL/FI0009007132",
  "coverage": {
   "count": 25,
   "houses": [
    {
     "house": "ABG Sundal Collier",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Pierre-Alexandre Ramondenc",
     "house": "AlphaValue",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Peter Crampton",
     "house": "Barclays, UK",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Andrew Fisher",
     "house": "Berenberg Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Harry Wyburd",
     "house": "BNP Paribas Exane",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Piotr Dzieciolowski",
     "house": "Citi Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "James Brand",
     "house": "Deutsche Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Ajay Patel",
     "house": "Goldman Sachs",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Pauli Lohi",
     "house": "Inderes",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Pavan Mahbubani",
     "house": "J.P. Morgan Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Oscar Nájar Ríos",
     "house": "Santander Corporate & Investment Banking",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Antti Koskivuori",
     "house": "Danske Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Iiris Theman",
     "house": "DNB Carnegie",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Artem Beletski",
     "house": "Enskilda Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Ingo Becker",
     "house": "Kepler Cheuvreux",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Robert Pulleyn",
     "house": "Morgan Stanley",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Pasi Väisänen",
     "house": "Nordea",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Louis Boujard",
     "house": "Oddo Securities - Oddo & Cie",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Henri Parkkinen",
     "house": "OP Financial Group",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Alex Wheeler",
     "house": "RBC Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Andreas Skeisvoll Grimsmo",
     "house": "SB1 Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Wanda Serwinowska",
     "house": "UBS",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "James Sparrow",
     "house": "BNP Paribas",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Jacob Magnussen",
     "house": "Danske Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Richard Bexelius",
     "house": "SEB",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.fortum.com/investors/share-information/analyst-contacts",
     "result": "read: 25 of 40 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 151,
     "median_cadence_gap_days": 7,
     "median_filings": 50,
     "median_latency_days": 6.5,
     "name": "Nasdaq Helsinki"
    },
    "sector": {
     "market": "FI",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "Annual Financial Report": 2,
    "Decisions of general meeting": 3,
    "Financial Calendar": 2,
    "Financial Statement Release": 2,
    "Half Year financial report": 3,
    "Inside information": 2,
    "Interim report (Q1 and Q3)": 4,
    "Investor News": 16,
    "Managers' Transactions": 120,
    "Notice to general meeting": 2,
    "Other information disclosed according to the rules of the Exchange": 8,
    "Tender offer": 20
   },
   "cadence_median_gap_days": 6.5,
   "filing_days": 35,
   "filings": 184,
   "latency_days": 5,
   "latest": [
    {
     "category": "Tender offer",
     "date": "2026-11-06",
     "source": "https://view.news.eu.nasdaq.com/view?id=bc8f44b39b0a7a76d4a20600ed2f43603&lang=en&src=listed",
     "title": "Fortum announces the delisting of Elmera from Euronext Oslo Børs",
     "type": "Tender offer"
    },
    {
     "category": "Tender offer",
     "date": "2026-11-06",
     "source": "https://view.news.eu.nasdaq.com/view?id=b5c1baf621ea38b945e1afb461a32be00&lang=fi&src=listed",
     "title": "Fortum tiedottaa Elmeran poistumisesta Euronext Oslo Børs -pörssilistalta",
     "type": "Tender offer"
    },
    {
     "category": "Managers' Transactions",
     "date": "2026-10-30",
     "source": "https://view.news.eu.nasdaq.com/view?id=bfebe1acb08cb7533767a6c04dec8e700&lang=fi&src=listed",
     "title": "Fortum Oyj: Johtohenkilöiden liiketoimet - Petra Lundström",
     "type": "Managers' Transactions"
    },
    {
     "category": "Managers' Transactions",
     "date": "2026-10-30",
     "source": "https://view.news.eu.nasdaq.com/view?id=bf4ff7d5fe50f83d81de3e61613d0497b&lang=fi&src=listed",
     "title": "Fortum Oyj: Johtohenkilöiden liiketoimet - Karin Svenske Nyberg",
     "type": "Managers' Transactions"
    },
    {
     "category": "Managers' Transactions",
     "date": "2026-10-30",
     "source": "https://view.news.eu.nasdaq.com/view?id=bef4dcf159b0a8cfeb8d36e186e17747e&lang=en&src=listed",
     "title": "Fortum Corporation: Managers' transactions - Tiina Tuomela",
     "type": "Managers' Transactions"
    }
   ],
   "latest_filing_date": "2026-11-06",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.fi-cm-kg.ai/events/XHEL/FI0009007132",
   "window": {
    "from": "2025-11-11",
    "to": "2026-11-11"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "eu-sources/fi/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "Nasdaq Helsinki"
   },
   "isin": {
    "read_by": "eu-sources/fi/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "FI0009007132"
   },
   "jurisdiction": {
    "market": "FI",
    "state": "not_on_record"
   },
   "lei": {
    "read_by": "eu-sources/fi/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "filled",
    "value": "635400IUIZZIUJSAMF76"
   },
   "name": {
    "read_by": "eu-sources/fi/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "Fortum Corporation"
   },
   "sector": {
    "market": "FI",
    "state": "not_on_record"
   },
   "security_type": {
    "market": "FI",
    "state": "not_on_record"
   },
   "segment": {
    "market": "FI",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "eu-sources/fi/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "FI0009007132"
   },
   "website": {
    "market": "FI",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
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    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "FI",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "FI",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "FI",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "FI",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "FI",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "FI",
  "node": "fi-cm-kg",
  "numbers_hash": "sha256:3de7e3325580bfbd70156fa7ca7822a325018c8ae5f73aa551daed7963b6cbde",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://fi.eu-cm-kg.ai/book/aio.json",
    "door": "https://fi.eu-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/fi/mifid-ii-product-governance/r1",
   "section": "fi.aio.v5"
  },
  "record": {
   "as_of": "2026-11-11",
   "url": "https://mcp.fi-cm-kg.ai/record/XHEL/FI0009007132",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-12",
   "source": "https://api.news.eu.nasdaq.com/news/query.action?globalGroup=exchangeNotice&globalName=exchangeNewsFilterHEX|FirstNorthInformationHEX",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:3de7e3325580bfbd70156fa7ca7822a325018c8ae5f73aa551daed7963b6cbde",
 "path": "/fi/XHEL/FI0009007132",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Fortum Corporation, listed on Nasdaq Helsinki under ticker FI0009007132, with ISIN FI0009007132 and LEI 635400IUIZZIUJSAMF76. Security type, segment, sector and jurisdiction are not on the record. The listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 184 filings in the twelve months to 2026-11-11, across 35 filing days. The median gap between filing days is 6.5 days. The latest filing is dated 2026-11-06, five days before the record date, and is of type Tender offer. The exchange median cadence gap is 7 days across 151 issuers, and the exchange median latency is 6.5 days. The sector median is not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record, and its location is not on the record. The market's record does not carry auditor changes for this register.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record carries no listing, delisting, name change, domicile change or segment move lines, because the register has no lifecycle type map yet. The halt flag is off: the issuer is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable under rule version acm-68000/fi/mifid-ii-product-governance/r1, as the chapter's orderability section carries no client categories, as of 2026-11-04. No signal code is given.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 25 research houses: ABG Sundal Collier, AlphaValue, Barclays (UK), Berenberg Bank, BNP Paribas Exane, Citi Research, Deutsche Bank, Goldman Sachs, Inderes, J.P. Morgan Securities, Santander Corporate & Investment Banking, Danske Markets, DNB Carnegie, Enskilda Securities, Kepler Cheuvreux, Morgan Stanley, Nordea, Oddo Securities - Oddo & Cie, OP Financial Group, RBC Capital Markets, SB1 Markets, UBS, BNP Paribas, Danske Bank and SEB.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes are on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "6 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://firds.esma.europa.eu/firds/"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.fi-cm-kg.ai/events/XHEL/FI0009007132"
  },
  {
   "for": "the halt flag",
   "source": "https://api.news.eu.nasdaq.com/news/query.action?globalGroup=exchangeNotice&globalName=exchangeNewsFilterHEX|FirstNorthInformationHEX"
  },
  {
   "for": "the orderability chapter",
   "source": "https://fi.eu-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.fortum.com/investors/share-information/analyst-contacts"
  },
  {
   "for": "the record",
   "source": "https://mcp.fi-cm-kg.ai/record/XHEL/FI0009007132"
  }
 ],
 "title": "Fortum Corporation (FI0009007132) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}