Text size AA
Purchasing and investments

Fortum is a significant purchaser of goods and services. Investments and fuels make up a big part of Fortum's purchases.

Of our purchases, EUR 1.6 billion (2011: 1.4), targeted investments. The biggest investments were made in Russia (EUR 568 million) and in Sweden (EUR 492 million).

Along with investments, fuels (1,057 million in 2012) make up a significant part of Fortum's purchases. We purchase fuels from international and local suppliers. Our fossil fuel purchases totalled about EUR 910 million, biomass and bioliquids about EUR 130 million and nuclear fuel about EUR 20 million.

The rest of our purchases (EUR 1.6 billion in 2012) consist of other operational goods and services. The figure includes electricity purchased by the Electricity Sales business area from the Nordic wholesale electricity market for the retail sales. Purchases of other goods and services are related to those used in operation and maintenance, and to other services, like IT, marketing and travel.

In 2012, Fortum had about 15,200 suppliers of goods and services. Our purchasing volume was EUR 4.2 billion (2011: 4.3). About half of the purchasing volume, excluding the purchases from the Nordic wholesale electricity market, were purchased from suppliers operating in Europe, mostly in Finland, Sweden and Poland. About one third of the total volume of purchases came from risk countries. These purchases mainly consisted of fuel purchases from risk countries and the Russia Division's local purchases in Russia.

Purchases 1) excluding investments in 2011-2012
EUR million 2012 2011
Nordic countries 1,612 1,903
Russia 769 692
Poland 161 148
Estonia 36 64
Other countries 99 44
Total 2,677 2,851
¹) Includes purchases of fuel, power and other materials and services.