The Russian war in Ukraine and the associated failure of Moscow’s gas supplies are a heavy burden on Uniper’s parent company Fortum. However, the financing options are limited.
Russian gas is comparatively cheap and Germany has benefited from it for years. But after the war in Ukraine, the sanctions and the cessation of Russian gas supplies, companies have had to look elsewhere. The prices are rising. The Uniper mother Fortum is suffering badly.
According to the Finnish energy group, the company is currently having financing problems. Fortum boss Markus Rauramo explained that the possibilities are limited and access to normal financial markets is blocked as long as the major uncertainties persist.
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Above all, Fortum is affected by the billions in losses of the German guest subsidiary Fortum. The company has to take care of replacement supplies for the Russian gas. But these are much more expensive. It was only in September that the Uniper parent secured a bridge loan of more than two billion euros. It was granted by the state investment company Solidium.
Fortum stock consolidated
Fortum’s stock is in a medium-term downtrend, but has been able to recover significantly since September. But the MACD (Momentum) has weakened in the past few weeks, and the resistance at the 200-day moving average just above EUR 15 could not be broken for the long term. The next support is around EUR 12.70.
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