Wärtsilä has concluded 2016 with an improvement of the economic results in the last trimester



In the fourth trimester of the 2016 Finnish group Wärtsilä Corporation, that it develops produced technological for the marine and energetic field, it has recorded an improvement of the economic performances against a decrease of the revenues and the orders. The period has been archived item with a profit clearly of 172 million euros, with an increase of +8% regarding 159 million euros in the quarter October-December of 2015. The turnover clearly is piled almost 1,6 billion euros (- 2%) and the operating profit has been attested to 231 million euros (+15%).

In the last trimester last year the group has obtained new orders for beyond 1,3 billion euros (- 6%). In the single Marine Solutions segment, than one takes care mainly of the realization of systems of propulsion and technological systems for the naval and offshore field and that it has archived item fourth trimester 2016 with a turnover of 509 million euros (- 15% clearly), the new orders have been pairs to 258 million euros, with a decrease of the -45% regarding 465 million euros in the fourth trimester of 2015. Al 31 last December the value of the pocketbook orders of the group has attested almost 4,7 billion euros, down of the -4% regarding on December 31, 2015. The orderbook of the single Marine Solutions division it is come down of the -21% to 2,0 billion euros.

In the entire exercise anniversary the 2016 Wärtsilä group has recorded a profit clearly of 357 million euros, with a decrease of the -21% regarding 451 million euros in the exercise precedence. The turnover clearly has marked a contraction of the -5% coming down to 4,8 billion euros and the operating profit is diminished of the -9% to 532 million euros.

Last year the new orders confiscated from the group have been pairs more than 4,9 billion euros, analogous total to that of 2015. The new orders in the single Marine Solutions segment are piled at less than 1,3 billion euros (- 20%).

Commenting the results achieved in 2016, the president and managing director of the Finnish group, Jaakko Eskola, it has evidenced that "for all the year the weak person increase of the marine traffics, the low prices of the oil let alone the limitations financial institutions of the customers have weighed on the marine field and this has determined a level exceptionally low of new contracts. In the light of these difficulties - it has found - it has been a good acquisition of orders. This has been in great part yields of the improvement of the sentiment in the energetic markets, where the increase of the question of electricity and the changes of energetic politics has supported the question is in emerging markets that in the industrialized world of solutions of generation of energy developed by the Wärtsilä. The increase of our activity of service has turned out important in spite of the difficulties tied mainly at the market of the services for the offshore one".

Eskola has specified that Wärtsilä previews that in the 2017 situation of the markets in which work the company will remain substantially unchanged.