Net sales

Wärtsilä's net sales for the fourth quarter increased by 24% to EUR 1,533 million (1,238). Power Plants' net sales for the fourth quarter totalled 568 million (413), which is 38% higher than in the corresponding quarter last year. Net sales for Ship Power totalled EUR 426 million (309), an increase of 38%. The fourth quarter Services net sales amounted to EUR 531 million (513), an increase of 4%.

Wärtsilä's net sales for January-December 2012 increased by 12% to EUR 4,725 million (4,209). Power Plants accounted for 32%, Ship Power for 28% and Services for 40% of the total net sales. Net sales for Power Plants totalled EUR 1,498 million (1,365), an increase of 10%. Ship Power's net sales increased by 27% and totalled EUR 1,301 million (1,022). During the review period, net sales from the Services business amounted to EUR 1,908 million (1,816), reaching an all time high level. Compared to the previous year, this represents a growth of 5%. This increase relates to the growth in the installed engine base, as well as the wide services offering aimed at reducing our customers' operating expenses and increasing the availability of their equipment. Engine related services amounted to over three quarters of the Services net sales, the growth being mainly related to 4-stroke services.

Of Wärtsilä's net sales for January-December 2012, approximately 59% was EUR denominated, 21% USD denominated, with the remainder being split between several currencies.

Net sales
MEUR 10-12/2012 10-12/2011 Change 1-12/2012 1-12/2011 Change
Power Plants 568 413 38% 1 498 1 365 10%
Ship Power 426 309 38% 1 301 1 022 27%
Services 531 513 4% 1 908 1 816 5%
Other 7 4 75% 17 6 183%
Net sales, total 1 533 1238 24% 4 725 4 209 12%

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