Economic performances in increase for Wärtsilä in the third trimester



In the third trimester of this year Wärtsilä Corporation it has considerably improved own economic performances increasing meanwhile the new orders. The Finnish group has closed the period with a profit before taxes of 99 million euros on revenues for 1.087 million euros, with increments respective of 19% and 28% on the third trimester of 2011. The operating profit is piled to 113 million euros (+20%). In the period July-september of this year the group has confiscated new orders for a total of 1.275 million euros (+14%) and the value of the pocketbook orders on 30 September has been attested to 4.724 million euros (+17% on on September 30, 2011).

"In spite of the persistent uncertainty of the world-wide economy and the difficult conditions of the market - it has commented the president and managing director of Wärtsilä, Björn Rosengren - are our new orders that the turnover have had a good course. In the third trimester they are increased respective of 14% and 28%. The performances in the field Ship Power regarding last year are remarkable and are supported by an active offshore field and the acquisition of Hamworthy". ( on November 22, 2011 and 9 January 2012).

The division Ship Power in fact, that it produces and it commercializes mainly systems of naval propulsion, has archived item the third trimester of 2012 with a volume of transactions of 339 million euros, with an increase of 72% regarding 197 million euros in the correspondent period last year. Moreover the division has acquired new orders for 2.226 million euros (+28%).

Wärtsilä however has specified that in the third trimester of the 2012 division Ship Power it has obtained 229 relative contracts to new ships and that from the beginning of the year the contracts have been about to 761 ships, a level of activity that are remarkablly inferior to that of 2011, year in which the average quarterly of contracts has been about to 353 ships. "The decrease of the activity - it has explained the Finnish group - relatively reflects lasting of the difficult conditions of the market to the traditional segments of the commercial ships, as for example rinfusiere, the oil tankers and the portacontainer. In these segments the shipowners are under the strong pressure determined from the bending of the returns and the increase of the operating costs, included those for the greater cost of the fuel, and are hit also by the difficulties in order to approach the financings. In the course of 2012, however, the contractual activity has been remarkable in the markets offshore and of the specialized ships, with the offshore one that the important quota 30% of all contracts measured in number of ships represents. Moreover the market of the ships has been active to giasiere, between unit for natural gas which liquified and unit for gas of which liquified oil, with respective 21 and 43 contracts recorded from the beginning of this year. It has been also a remarkable contractual activity in the segment of the ferries".

The Wärtsilä group has archived item the first nine months of 2012 with revenues for 3.191 million euros, in increase of 7% on the correspondent period last year. The operating result is piled to 328 million euros (+1%) and the profit before taxes to 291 million euros (- 3%).

Wärtsilä previews to close entire exercise 2012 with an increase of the 10-15% of the turnover and with an increment of the 10,5-11% of the operating result.