The Wärtsilä Corporation Group closed positively the 2024 financial year both in terms of economic performance and commercial activities, including the results achieved in the Marine. The year ended with net sales record of 6.45 billion euros, up +7% on 2023, with a record contribution of over three billion from the marine technologies (+9%). Operating profit amounted to a record figure of 716 million euros (+78%) and a new record is was also marked by net profit with 507 million (+89%).

In 2024, the value of new orders acquired by the group Finnish price increased by +14% having risen to a record value of almost €8.1 billion, of which more than €3.6 billion in the Marine segment (+12%). The value of the group's order book at 31 December last year it was 8.4 billion (+25%), a value never before achieved previously, of which 3.4 billion in the Marine segment (+21%).

In the fourth quarter of 2024 alone, net sales at a record value of 1.85 billion (+13%), of which 847 billion million relating to the Marine sector (+12%). Operating profit is profit of €229 million (+79%) and net profit of €161 million (+68%). New orders rose by +34% with a total of 2.5 billion euros, of which 918 million in the marine segment (+9%).

Commenting on the annual results and referring to the segment Marine, the president and CEO of Wärtsilä, Håkan Agnevall, specified that, "in the market global traffic volumes combined with a shift in traffic flows has led to a significant increase in demand for ship capacity. That combined with increasing pressure to decarbonise operations, it has supported demand for both new construction and services. The investments in new ships - continued Agnevall - have been markedly higher than the levels recorded in 2023 and we have A healthy increase in interest in fuels has been witnessed which now account for 49% of capacity of the ships ordered. Despite efforts to increase the capacity and production of shipyards, especially in China but also in South Korea, capacity utilization rates of shipyards remain high and shipyard orderbooks continue over time, which indicates that it still exists a lack of capacity of the construction sites".