Operating result and profitability

The third quarter operating result (EBIT) before non-recurring items was EUR 138 million (113), or 11.4% of net sales (10.4). Including non-recurring items, the operating result was EUR 130 million (110) or 10.8% of net sales (10.1). The operating result (EBITA) excluding non-recurring items and intangible asset amortisation related to acquisitions was EUR 146 million (122), or 12.1% of net sales (11.2). During the third quarter, non-recurring items amounted to EUR 8 million (3) and intangible asset amortisation related to acquisitions to EUR 8 million (8).

For the review period January-September 2013, the operating result (EBIT) before non-recurring items was EUR 319 million (328), which is 9.8% of net sales (10.3). Including non-recurring items, the operating result was EUR 309 million (312) or 9.5% of net sales (9.8). The operating result (EBITA) excluding non-recurring items and intangible asset amortisation related to acquisitions was EUR 343 million (354) or 10.6% of net sales (11.1). Wärtsilä recognised EUR 10 million of non-recurring items (16) and intangible asset amortisation related to acquisitions of EUR 24 million (26) during the review period January-September 2013.

In March, Wärtsilä sold its holding of 1,987,940 shares in Sato Oyj, for approximately EUR 27 million. Wärtsilä recorded a capital gain of approximately EUR 25 million on this sale. The tax on the capital gain is approximately EUR 6 million.

Financial items amounted to EUR -8 million (-22). Net interest totalled EUR -11 million (-13). Profit before taxes amounted to EUR 326 million (291). Taxes in the reporting period amounted to EUR 80 million (72), implying an effective tax rate of 24%. Earnings per share were 1.24 euro (1.09) and equity per share was 8.79 euro (8.38).

Note

Make a note?

Next page Previous page