Wärtsilä foresees a lower result for 2019

Wärtsilä Corporation, Stock exchange release, 18 September 2019 at 5:50 pm EEST

In the Wärtsilä Half Year Report, demand was expected to be soft for both the Marine and the Energy business. However, order intake in the third quarter has been weaker than expected.

The group has undertaken a review of the major projects which it is running. As a result of this review, the comparable operating result will be impacted by about EUR 150 million related to certain projects in the Marine Gas Solutions business and Energy business. This means that the comparable operating result for the full year 2019 is expected to be approximately EUR 100 million lower than 2018.

More information will be provided when the third quarter result has been published.

For further information, please contact: 

Jaakko Eskola
President & CEO
Tel: +358 10 709 5601
jaakko.eskola@wartsila.com

Arjen Berends
Executive Vice President & CFO
Tel: +358 10 709 5444
arjen.berends@wartsila.com

Natalia Valtasaari
Vice President, Investor Relations
Tel: +358 10 709 5637
natalia.valtasaari@wartsila.com

For press information, please contact: 

Atte Palomäki
Executive Vice President, Communications, Branding & Marketing
Tel: +358 10 709 5599
atte.palomaki@wartsila.com

Wärtsilä in brief
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2018, Wärtsilä’s net sales totalled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com