Order intake

Wärtsilä’s order intake for the first quarter increased by 22% to EUR 1,352 million (1,109). In relation to the previous quarter, Wärtsilä’s order intake remained stable (EUR 1,357 million in the fourth quarter of 2012). The book-to-bill ratio for the first quarter was 1.53 (1.10).

The order intake for Power Plants in the first quarter totalled EUR 406 million (309), which was 31% more than for the corresponding period last year. Compared to the previous quarter, order intake decreased by 14% (EUR 471 million in the fourth quarter of 2012). During the first quarter, Wärtsilä received a EUR 184 million turnkey order from Jordan and a 220 MW order from Oregon, USA. The ability to deliver power plants in a wide range of plant sizes for many types of applications demonstrates the strengths of Wärtsilä’s Smart Power Generation concept.

The first quarter order intake for Ship Power totalled EUR 443 million (276), an increase of 60% over the corresponding period last year. Compared to the previous quarter, order intake increased by 31% (EUR 339 million in the fourth quarter of 2012). Activity was highest in the offshore and specialised tonnage segments. Wärtsilä’s offshore related orders included an order to supply a series of pumps to be installed on a new floating storage unit being built by Samsung Heavy Industries in South Korea for Statoil, as well as an order for a comprehensive solutions package, including ship design, the main power generation system, propulsion, and the electrical and automation systems, for four multi-purpose platform support vessels. Wärtsilä also received an order to supply exhaust gas cleaning systems to four new Container RoRo vessels being built for Ignazio Messina & Co. The Offshore segment represented 50% of the first quarter order intake, while the Merchant segment’s share was 23%, and Cruise & Ferry accounted for 10%. The Special Vessels segment’s share of the order intake was 9% and the Navy segment’s 8%.

Order intake for the Services business totalled EUR 504 million (523) in the first quarter, a decrease of 4% compared to the corresponding period last year. Compared to the previous quarter, order intake decreased by 7% (EUR 543 million in the fourth quarter of 2012). During the first quarter, Wärtsilä signed a five year maintenance agreement with Finnish ship owner Viking Line for maintaining and servicing the recently launched ‘Viking Grace’, the largest passenger ferry ever to operate on liquefied natural gas.

Order intake by business
MEUR 1-3/2013 1-3/2012 Change 2012
Power Plants 406 309 31% 1 515
Ship Power 443 276 60% 1 453
Services 504 523 -4% 1 961
Order intake, total 1 352 1 109 22% 4 940
Order intake Power Plants
MW 1-3/2013 1-3/2012 Change 2012
Oil 138 302 -54% 796
Gas 622 302 106% 2 323
Renewable fuels 5 27
Order intake, total 760 608 25% 3 146

Order intake in joint ventures

Order intake in the Wärtsilä Hyundai Engine Company Ltd joint venture company in South Korea, and the Wärtsilä Qiyao Diesel Company Ltd joint venture company in China, producing auxiliary engines, totalled EUR 25 million (54) during the review period January-March 2013. Wärtsilä’s share of ownership in these companies is 50%, and the results will be reported as a share of the result of associates and joint ventures.

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