Wartsila profit, order intake up in Q2

Image courtesy of Wärtsilä

Finnish engine maker Wärtsilä reported a rise in quarterly order intake, saying the market demand had improved for its marine solution business.

Wärtsilä’s bookings of new orders in the second quarter rose 14 percent from a year earlier to 1.36 billion euros ($1.57 billion).

The Finnish LNG specialist said in a statement on Thursday its adjusted operating profit increased 3 percent to 126 million euros, while the company’s second-quarter revenue was up 8 percent to 1.29 billion euros.

Wärtsilä’s current order book for 2017 deliveries stands at 2.08 billion euros.

“The first half of 2017 was characterised by good development in net sales, largely due to an increase in the number of power plant deliveries, as well as by solid earnings,” said Chief Executive Jaakko Eskola.

According to Eskola, order intake “developed well” in all business areas.

“The power plant project pipeline has continued to materialise into orders at a healthy pace, thanks to the growing interest in flexible, gas-fired technologies,” he said.

“Furthermore, although the marine markets remain challenging, a favourable vessel contracting mix supported the development of Marine Solutions’ orders received, particularly in the second quarter. Activity in the service markets was broadly stable, with healthy demand for long-term agreements,” added Eskola.


Share this article

Follow LNG World News

Posted on July 20, 2017 with tags .


<< Sep 2019 >>
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >