Wärtsilä’s order intake rises

Wärtsilä's order intake rises
Jaakko Eskola, president and CEO of Wärtsilä (Image courtesy of Wärtsilä)

Finnish engine manufacturer Wärtsilä order intake during the third quarter 2016 increased 5 percent on the same quarter in 2015, reaching €1.13 billion (Approx. US$1.24 billion). 

Order intake for the first nine months of 2016 reached €3.6 billion, 2 percent up on the €3.52 billion recorded in the corresponding period in 2015, the company said in its report on Tuesday.

However, net sales dropped 12 percent from €1.22 billion in the third quarter of 2015 to €1.07 billion in the current quarter under review. Nine-month net sales have also declined, with Wärtsilä reporting €3.24 billion net sales in 2016 so far, 6 percent down on €3.43 billion in 2015.

Jaakko Eskola, president and CEO of Wärtsilä said, “the concentration of deliveries towards the end of the year resulted in lower sales.”

The company has revised its prospects for 2016 and is expecting a decline in net sales of about 5 percent with profitability to be around 12 percent. Previous predictions saw a growth in net sales of up to 5 percent and a profitability of 12.5 to 13 percent.

1 € = 1.08904 US$

Share this article

Follow LNG World News

Posted on October 25, 2016

Events>

<< Aug 2019 >>
MTWTFSS
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 31 1

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 >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

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 >