The April-June period of this year was a Growth quarter for the Wärstilä Corporation Group with revenues up +7% on the second quarter of 2023 amounted to 1.56 billion euros. Operating profit is amounted to €168 million (+156%) and net profit to €117 million dollars (+290%). In the marine technology segment alone, Wärstilä recorded revenues of €759 million (+8%), of which €514 million million for the sale of services (+6%) and 245 million for the sale of of equipment (+13%), and an operating profit of 96 million (+7%).

In the second quarter of 2024, the value of new orders acquired by the Finnish company as a whole was €1.85 billion (+10%) and the value of the order book at the end of the 30 June last was equal to 7.61 billion (+22%). The only Marine division totalled new orders of €901 million (+17%), of which €595 million related to services (+14%) and €306 million to the supply of equipment (+22%), and the value of the segment grew by +24% to 3.15 billion euros.

Wärstilä expects demand to be available over the next 12 months marine sector will be higher than in that of the 12 months ended last June 30.

Commenting on the latest quarterly results, the president and managing director of Wärstilä, Håkan Agnevall, noted that 'in the maritime market, trade continued to be heavily affected by sanctions against Russia and attacks on ships in the Red Sea. The world trade - he noted - is facing challenges longer average sea transport distances, Higher transportation costs and supply chain delays which have had the effect of increasing the demand for naval capacity. During the first half of the year, the investments in new ships were significantly higher than to the corresponding period of last year and the adoption of alternative fuels remained at a consistent level. Despite the continuous increase in capacity and production of shipyards, especially in China and South Korea, prices of new-build ships continued to be high levels, indicating a lack of shipyard capacity. The market sentiment continued to develop favorably for Wärtsilä, with momentum in our key segments and with retrofits linked to decarbonisation and with more that have supported the services. For example, in May we announced that we will provide the necessary electrical systems to convert two Scandlines ferries into a plug-in hybrid solution, the largest conversion project in the world in its gender. Ship hybridization is one of the solutions for the decarbonization and, with this project, we can help Scandlines to achieve the goal of carrying out operations without emissions during navigation by 2030".

Meanwhile, in recent days an agreement has been reached on the Reindustrialisation of the Wärstilä plant of Bagnoli della Rosandra (Trieste) which provides for the transfer of production activities to the shipping and logistics group Mediterranean Shipping Company, which will produce wagons for you railway workers, and the transition from next month of the 261 workers declared redundant by the Finnish company to Innoway, the new company set up by MSC and the Austrian tank manufacturer Innofreight railway stations. As regards the business plan of Wärtsilä, the company has undertaken not to operate no dismissals at least for the duration of the plan ensuring employment and continuity of industrial activities of the Trieste, Genoa and Naples sites that they employ 800 people.