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No insider purchase over the last 90 days. The latest, by Paavola, Teppo, was filed 08 Aug 2023.
Fortum: what insiders have been doing
This page follows insider dealings at Fortum as filed with Nasdaq Helsinki, a company from the Energy sector based in Finago Tower, Finland. The group dates from 1998. 73 insiders have disclosed 116 filings since 21 October 2025.
Only sales appear on the open market, 2 sales in all totalling €189k, filed by 1 insider. Paavola, Teppo filed the largest sale, €101k, on 4 December 2025, which represents 0.0006% of the company's market value.
Compared with its exchange (126 companies, median 15 filings), a count of 116 filings is above the norm. Looking back to 2022, when coverage begins, insiders filed 2 purchases and 5 sales.
Between a trade and the moment it shows up on Nasdaq Helsinki, the median delay is 1 day. Under the Market Abuse Regulation, managers have three business days to notify their trades. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification.
Elsewhere in the same sector, our signals recently picked up insider purchases at RGC Resources Inc and Empire Petroleum Corp. Source: insider filings from Nasdaq Helsinki. Past trades are no guide to future returns.
Insider Decl.
432
Thresholds
n/a
Buy Volume
€23,929
2 ops. · all time
Sell Volume
€247,173
5 ops. · all time
Who traded when
BuySaleTeppo Paavola2 sales
Since the insiders bought
- +16.9%Entry €12.03 · Close at T+365 €14.06
- +11.1%Entry €12.60 · Close at T+365 €13.99
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Fortum Hold (neutral), based on 18 analysts. Average price target: €22.58.
Fundamental score
Ranked 13,054 of 26,281 companies
51.7
score / 100
Value44
Quality60
FCF yld1.6%
Earn yld3.7%
EV/EBITDA17.7x
ROE10.0%
Gross mgn40%
Net mgn15%
Debt/EBITDA3.3x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
€23.25
Analyst consensus
18 analystsHold
€14.90Target €22.58(-3%)€28.30
Income statement
Revenue€5.0B
Gross profit€2.0B40% margin
EBITDA€1.4B29% margin
Net income€765.0M15.1% margin
Valuation
PER (trailing)25.0x
PER (forward)21.8x
P/Book2.6x
Beta0.05
Balance sheet & cash
Market cap€20.9B
Total debt€4.7B
Free Cash Flow€341.0M
Debt / Equity47%
Profitability & ownership
ROE10.0%
ROA3.9%
% insiders52.9%
% institutions22.1%
Last declaration on 23 July 2026
Declarations432 total
120 shares@ €20.8210.0000% mcap14.3% of flowShareXHELISIN FI0009007132HEL:1455393
120 shares@ €20.8210.0000% mcap32.4% of flowShareXHELISIN FI0009007132HEL:1455390
14 shares@ €20.8210.0000% mcap19.0% of flowShareXHELISIN FI0009007132HEL:1455385
120 shares@ €20.8210.0000% mcap8.6% of flowShareXHELISIN FI0009007132HEL:1455396
73 shares@ €20.8210.0000% mcap8.3% of flowShareXHELISIN FI0009007132HEL:1455395
120 shares@ €20.8210.0000% mcap6.5% of flowShareXHELISIN FI0009007132HEL:1455387
120 shares@ €20.8210.0000% mcap49.9% of flowShareXHELISIN FI0009007132HEL:1455386
29 shares@ €20.8210.0000% mcap29.4% of flowShareXHELISIN FI0009007132HEL:1455388
120 shares@ €20.8210.0000% mcap9.0% of flowShareXHELISIN FI0009007132HEL:1455384
32 shares@ €20.8210.0000% mcap49.5% of flowShareXHELISIN FI0009007132HEL:1455383
30 shares@ €21.28340.0000% mcap41.7% of flowShareXHELISIN FI0009007132HEL:1439779
221 shares@ €21.28340.0000% mcap17.0% of flowShareXHELISIN FI0009007132HEL:1439777
109 shares@ €21.28340.0000% mcap12.6% of flowShareXHELISIN FI0009007132HEL:1439786
117 shares@ €21.28340.0000% mcap32.3% of flowShareXHELISIN FI0009007132HEL:1439772
169 shares@ €21.28340.0000% mcap12.4% of flowShareXHELISIN FI0009007132HEL:1439784
25 of 432 declarations
About Fortum
Fortum is a Finnish company focused on energy production and water resource management. It primarily operates in the Nordic market and is listed on the Helsinki Stock Exchange.
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