Independent journal on economy and transport policy
07:19 GMT+1
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In the first trimester of the 2011 operating result of Wärtsilä it has grown of 21%
Revenues in increase of 18%. The value of the orderbook of the group is come down of 15%
April 20, 2011
The Wärtsilä group has closed the first trimester of this year with a profit before taxes of 107 million euros on a turnover clearly of 1.083 million euros, in increase respective of 118% and 18% on the first three months of 2010. The operating profit is piled to 113 million euros (+21%).
The decided increase of the volume of transactions is generated by the division Power Plants, that it has recorded a revenue clearly of 349 million euros (+47%). More content the increment of the revenues is of the division Ship Power, that it has totaled 294 million euros (+6%), is of the Services division, that has confiscated 439 million euros (+7%).
In the first three months of the 2011 group it has obtained new total orders for 979 million euros (+11%) and the value of the orderbook on 31 March had been attested to 3.669 million euros, down of 15% regarding on March 31, 2010. The new acquired orders from the three divisions of the group in the first trimester of this year so are shared: Ship Power 173 million euros (+92%), Power Plants 253 million (- 5%) and Services 551 million (+6%). The pocketbook orders of the divisions on 31 March was respective of 1.669 million euros (- 24%), 1.204 million euros (- 14%) and 766 million euros (+10%).
The president and managing director of Wärtsilä, Ole Johansson, have found as "the Services division, as expected, have shown an increase determined from the increment of use it of the assets by the customers. The markets of the field Power Plants - Johansson has explained - are continued to being on good levels with an increasing interest in the generation of energy based on the natural gas. Also in the division Ship Power we have found ulterior perspectives tied to the natural gas so as a remarkable activity in the offshore segment. However - he has specified - we are perceiving signs of uncertainty in the total economic context and some customers seem halting in assuming decisions. Our measures of restructure - it has concluded Johansson - have determined a greater efficiency and competitiveness and have created an optimal base for an increase of the results in 2011".
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The Wärtsilä group has closed the first trimester of this year with a profit before taxes of 107 million euros on a turnover clearly of 1.083 million euros, in increase respective of 118% and 18% on the first three months of 2010. The operating profit is piled to 113 million euros (+21%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
