Wärtsilä foresees a lower result for 2019
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 company said in its release.
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.
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.
