Fortum Oyj Corp Ord (FOJCF) Q4 2021 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.399 Good morning, everyone, and a warm welcome to our webcasted news conference 00:00:05.399 -- 00:00:09.021 on Fortum's full year results 2021. 00:00:09.484 -- 00:00:15.192 Just for the record, this event is being recorded and we will provide a replay 00:00:15.192 -- 00:00:20.780 after the event later today. My name is Ingela Ulves and I'm the investor relations 00:00:20.780 -- 00:00:26.388 head at Fortum. With me here today are our CEO, 00:00:26.388 -- 00:00:30.929 Markus Rauramo, and our CFO, Bernard Günther. 00:00:30.929 -- 00:00:36.055 Markus will start by commenting on our Russian businesses 00:00:36.055 -- 00:00:40.320 before moving into last year's performance. 00:00:40.320 -- 00:00:46.106 Bernard will then provide more insights into the full year 2021 00:00:46.106 -- 00:00:49.190 results and the drivers. 00:00:49.190 -- 00:00:54.216 After the presentation, we will open up for questions from the teleconference. 00:00:54.216 -- 00:00:59.962 We have reserved one hour and 15 minutes for this webcast event today. 00:00:59.962 -- 00:01:04.623 So with this, I hand over to Markus to start. 00:01:04.623 -- 00:01:06.945 Thank you very much, Ingela. 00:01:06.945 -- 00:01:12.211 Let me first address what has been on our mind over the last days and 00:01:12.211 -- 00:01:17.396 how we assess our Russian exposure. Following this, I will then guide you through 00:01:17.396 -- 00:01:21.961 the headline performance indicators and the market drivers that have played a substantial 00:01:21.961 -- 00:01:27.629 role, especially in the fourth quarter with outstanding movements in commodity prices. 00:01:27.629 -- 00:01:32.975 Additionally, I will share my view on our operating environment and link this 00:01:32.975 -- 00:01:37.438 to how we are prog...