Independent journal on economy and transport policy
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Wärtsilä records an improvement of the performances with the exception of the segment of the naval propulsion
Rosengren: "as expected, 2015 are begun with a weak marine market"
April 23, 2015
The Finnish group Wärstilä Corporation clearly has archived item the first trimester of 2015 with a profit of the activities currents of 86 million euros, with an increment of +36% about regarding 63 million euros in the first three months of 2014 (given, this last one, that it is riclassificato in order to take into consideration the effect of the cession of the control of the activities in the segment of the two-stroke engines to the Chinese Lowers It are Shipbuilding Corporation, transaction that have been capacity to term last January - on 18 July 2014). The turnover clearly is piled to 988 million euros (- 1%) and the operating profit to 100 million euros (+2%).
In the first three months of this year the Finnish group has obtained new orders for a total of 1,28 billion euros, with an increment of +15% on the same period of 2014. The value of the orderbook on 31 March is gone up of +12% to 4,93 billion euros regarding 4,38 billion euros on March 31, 2014.
In the first trimester of the 2015 group in the single segment of the systems of naval propulsion it has recorded a turnover clearly of 321 million euros, down of the -14% regarding 371 million euros in the correspondent period last year. The new acquired orders from the single division Ship Power have been pairs to 336 million euros (- 24%) and the pocketbook orders of the activity segment on 31 March has been attested to 2,24 billion euros (+1%).
"As expected - it has commented today the president and managing director of Wärtsilä, Björn Rosengren - 2015 are begun with a weak marine market. The low prices of the oil are doing so as that there is an attitude of attended between the customers of the offshore field and this, together with a stasis of the store clerks in the naval field, have carried to a decrease of the orders received in the within of the segment Ship Power". Rosengren has emphasized that instead in the segments Power Plants and of the services a decided improvement is recorded.
With respect to the perspectives for entire 2015 relatively to the field of the marine transport and the shipbuilding, the Wärtsilä group has specified that it is necessary to mainly maintain a caution on the development forecasts because of the weak people conditions of the market in the field of the solid bulk transport and in that offshore one. The group has found that the low price of the continuous oil to influence the investments in the activities of prospecting and development, being limited the naval means question of perforation and support; moreover the excess of continuous ability to affect the question of conventional mercantile ships. According to Wärtsilä, however, an increase of the activity of naval demolition and an increase of the fleets more balanced is promuovendo a gradual resumption of the market of the marine transport. Moreover the bending of the price of the oil offers opportunity in the markets of the oil tankers and the portacontainer, since it previews that the decrease of the cost of the bunker will have a positive impact on the operating costs of the shipowners. Wärtsilä has found moreover that the market of gases carrier continues to being in health and that the activity would have to return to normal levels after the consisting volumes of orders recorded in 2014. Also the relative forecasts to the segment of the cruise ships and the ferries are positive and are based on the income of new operators in the market, on I renew of the fleets and on the increase of the traffic of the passengers from Asia. Wärtsilä has observed that the market of the shipping is stimulated also by the attention to the efficiency of the fuel consumption and by the environmental norms that determine interest for the adoption of solutions for the control of the emissions and the use of the gas as marine fuel in many fields of the shipping.
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