In the first Wärtsilä trimester it has recorded an improvement of the economic results and a contraction of the orders



In the first three months of this year the group Wärtsilä Corporation has confiscated new orders for a value total of 1,14 billion euros, with a decrease of the -16% regarding 1,35 billion euros in the first trimester of 2013. The value of the orderbook on 31 March is come down to 4,50 billion euros, with a decrease of the -10% regarding 5,00 billion euros on March 31, 2013.

Wärtsilä has closed the first trimester of 2014 with a turnover clearly of 1,01 billion euros, in increase of +15% regarding 882 million euros in the correspondent period last year. The operating profit is piled to 90 million euros (+28%) and the profit before taxes to 81 million euros regarding 96 million euros in the first trimester last year, turned out that it includes the proceeds of the sale for 25 million euros of the entire participation of the Finnish group in the compatriot Sato Oyj.

The single division Ship Power di Wärtsilä, than takes care of systems of naval propulsion, clearly has archived item the first three months of this year with a turnover of 386 million euros, in increase of +54% regarding 251 million euros in the period January-March of 2013. The new acquired orders from the division are piled to a total of 467 million euros (+5%) and the relative pocketbook orders on 31 March has been attested to 2,34 billion euros (0%).

"As by our expectations - it has commented the president and managing director of Wärtsilä Corporation, Björn Rosengren - the turnover clearly of the first trimester is increased considerably with a profit pairs to 8.9%. A favorable development in the operating cash flow is recorded also. The markets of the segment Power Plant - Rosengren has explained - continue to show difficulty, with the customers who continue to delay the decisional processes because of the total economic uncertainty and of the monetary fluctuations of the emergent markets. Vice versa the activity in the naval market has turned out of remarkable level and the segment Ship Power has recorded good results that partially have compensated the current difficulties in the markets of production of the energy. Various orders for ships from support in the offshore field have been acquired and it has been a dynamism in the orders of solutions dual-fuel and the systems of handling of the gas for the mercantile fleet. The question of services has turned out stable in both our final markets".

Rosengren has confirmed the prosecuzione of the measures of restructure of the company announced at the beginning of this year that involve the cut of job one thousand places ( on 29 January 2014). "While the situation of the continuous market to being volatil - it has explained - we remain concentrated on the improvement of the efficiency and our competitive position. The announced measures of restructure in January have gone ahead second the plans and are contributing to the improvement of the efficiency. On the base of these measures, the current pocketbook orders and a market of the services stable, our perspectives for the 2014 remain unchanged".