Independent journal on economy and transport policy
06:08 GMT+1
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Wärtsilä closed the third quarter with an 11% drop in net sales
The value of new orders is stable
October 23, 2020
After six consecutive quarters of sharp decline, in the third quarter of quarter of 2020 the value of the new orders acquired by the group finland was similar to that of the same period last year was EUR 981 million. The orderbook value as of September 30th was 5.26 billion euro, with a reduction of -12% on 30 September 2019.
In the Marine segment alone, new orders amounted to 584 million euros (-3%). In this area of activity, the net turnover was 551 million euros (-18.2%) And operating profit of 57 million euros (+78.1%).
"In the third quarter," commented the President and Managing Director of Wärtsilä, Jaakko Eskola - the covid-19 pandemic continued to limit the disposition to invest in both the maritime and energy market, resulting in a contraction of contracts in the naval field and the postponement of decisions on the capacity of new power stations Electric. Moreover, despite a certain relaxation of the restrictions on mobility, low use of ships, constraints on access to power plants and the attention of savings have led to weak demand for services. The difficult market environment was reflected in the low level of orders received during the third quarter as well as in the decline in net turnover generated by services and in some delays in the delivery of equipment.'
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After six consecutive quarters of sharp decline, in the third quarter of quarter of 2020 the value of the new orders acquired by the group finland was similar to that of the same period last year was EUR 981 million. The orderbook value as of September 30th was 5.26 billion euro, with a reduction of -12% on 30 September 2019.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
