Wärtsilä Corporation, the Finnish company that develops technologies and systems for the marine and energy sectors, has closed the third quarter of this year with net sales of 1.72 billion euros, up +18% compared to the previous year. corresponding period of 2023, of which €739 million (+10%) related to to the Marine segment only. Operating profit amounted to 192 million euros (+65%), with a contribution of 91 million (+52%) from the maritime technology sector. Net profit was 144 million euros (+76%).

In the period July-September 2024, the Finnish group new orders for a value of 1.80 billion euros acquired (+1%), of which 902 million (0%) related to the Marine segment alone. Per 30 September the value of the order book of the was equal to 7.58 billion euros (+15%), including 3.29 billion euros billion (+20%) pertaining to the Marine sector.

Commenting on the evolution of the maritime market over the period, today Wärtsilä Chairman and CEO, Håkan Agnevall, noted that "geopolitical conflicts have continued to influence trade around the world. Sanctions on Russia and attacks on ships in the Red Sea have led to a lengthening of maritime transport routes, higher transport costs and delays in supply chains global supply, resulting in the need for further hold capacity. Despite capacity growth and shipyard production, especially in China but also in in South Korea - Agnevall noted - the use of capacity of new shipyard construction remains high, indicating that there is still a shortage of shipyard capacity. The market sentiment for Wärtsilä was positive position, with a significant boost in the key segment of new ships, while retrofits related to decarbonisation and routes longer transport costs have supported the demand for services. Investment in new ships has increased compared to the previous year. last year, with a positive trend in interest in alternative fuels. In addition to liquefied natural gas and methanol, ammonia has emerged as a promising alternative fuel as the shipping sector is in search of more sustainable options".

In the first nine months of this year, the group's net sales stood at 4.59 billion euros, up +5% over the same period of 2023, of which 2.21 billion (+8%) in the Marine Technologies segment. Operating profit is was 487 million (+77%), with a contribution of 264 million (+21%) by the Marine Division. Group net profit totalled 346 million euros (+100%). The value of new orders during the period acquired by Wärtsilä amounted to 5.58 billion of euros (+7%), of which 2.72 billion (+13%) in the maritime sector.