Wärstilä records a fort increase of the orders in the naval field effect of new norms IMO 2020



In the last trimester of the 2018 turnover clearly of the Finnish group Wärstilä Corporation, that it realizes systems for the generation of energy for the fields marine and terrestrial, it has recorded an increment of +6.3% being itself attested to 1,53 billion euros regarding 1,44 billion euros in the period October-December of the year precedence. Operating, useful profit before taxes and profit clearly has turned out in bending being piled respective to 206 million euros (- 7.2%), 194 million euros (- 8.1%) and 153 million euros (- 7.3%).

In the fourth trimester last year the value of the new acquired orders from the group has marked a fort increase of +23.8% being is pairs to 1,87 billion euros. The value of orderbook on 31 December the era of 6,17 billion euros, with a rise of +20.9% regarding 5,10 billion euros on December 31, 2017.

In the single segment of the systems for the naval field the value of the new orders is piled to 419 million euros, with an increase of +33% regarding 316 million euros in the fourth trimester of the 2017 (value, this last one, rectified because of the effect of the transfer inside of the group of some activities of service). 31% of the total value of the new orders are generated by the field of the cruise ships and the ferries, 18% from the field of the ships liquefied gas tankers, 16% from the conventional mercantile ships, 19% from the specialized ships, 9% from the offshore field and 6% from the field of the military ships. The Marine Solutions division clearly has archived item the fourth trimester of 2018 with a turnover of 364 million euros (+19%) and the value of the pocketbook orders of the division on 31 December is gone up to 2,42 billion euros (+20%).

In the entire exercise anniversary the 2018 clearly recorded turnover from Wärstilä has been of 5,17 billion euros, with an increase of +5.4% on the exercise precedence. The operating profit is piled to 543 million euros (+0.9%), the profit before taxes to 502 million euros (+2.2%) and the profit clearly to 386 million euros (+2.9%).

Last year the group has confiscated new orders for a total of 6,31 billion euros (+11.7%), of which 1,71 billion generated from the single division Marine Solutions (+33%) that in the year it has recorded a turnover clearly of 1,23 billion euros (+12%).

"2018 - it has commented the president and managing director of Wärstilä, Jaakko Eskola - are marked by a positive development of the acquisition of orders determined from an increase of the question in the markets of the shipbuilding and the services. The topic of the atmosphere is emerged as aspect key in the marine markets, since the customers have tried to adapt themselves to norms IMO 2020 on the maximum limit of the sulfur tenor. For Wärstilä this is mirrored in a meaningful increase of the question of systems of purification of drainage gases. An other contribution to the increase of the acquisition of orders - it has specified Eskola - has reached from the elevated level of activity in the markets of the cruise ships and the ferries so as from the interest which showed from our customers for assistance agreements in the long term. The acquisition of orders of the division Energy Solutions has been, instead, inferior regarding the year precedence to root cause of the slow down of the decisional process between our customers. However the trend of increase in the long term in emerging markets and the passage to a flexible ability in order to introduce renewable energies continues to support the future question".