Order intake

Wärtsilä’s order intake for the third quarter decreased by 14% to EUR 1,097 million (1,275). In relation to the previous quarter, Wärtsilä’s order intake increased by 2% (EUR 1,071 million in the second quarter of 2013). The book-to-bill ratio for the third quarter was 0.91 (1.17).

The order intake for Power Plants in the third quarter totalled EUR 261 million (453), which was 42% less than for the corresponding period last year. Compared to the previous quarter, order intake increased by 20% (EUR 217 million in the second quarter of 2013). Important orders were received from Indonesia, Bangladesh and Nigeria.

The third quarter order intake for Ship Power totalled EUR 378 million (391), a decrease of 3% compared to the corresponding period last year. Compared to the previous quarter, order intake development was stable (EUR 380 million in the second quarter of 2013). Activity continued to be highest in the offshore and specialised tonnage segments. Ship Power’s offshore related orders included supplying propulsion solutions, comprising engines and thrusters, for six new offshore pipe laying vessels being built by IHC Merwede for Subsea 7 and Seabras Sapura. During the review period, Wärtsilä also received an order from the People’s Republic of China’s Communications Import & Export Corporation to supply propulsion solutions for four new ocean rescue vessels. Ordering of environmental solutions was active, with Ship Power receiving orders for 16 exhaust gas cleaning systems. The offshore segment represented 46% of the third quarter order intake, while the merchant segment’s share was 22% and cruise & ferry accounted for 16%. The navy segment’s share of the order intake was 8% and the special vessels segment’s was 4%. Other orders accounted for 5% of the total.

Order intake for the Services business totalled EUR 454 million (428) in the third quarter of 2013, an increase of 6% compared to the corresponding period last year. Compared to the previous quarter, order intake decreased by 3% (EUR 469 million in the second quarter of 2013). During the third quarter, Wärtsilä signed long-term service agreements with power plant customers in the USA, Africa and Australia.

The total order intake for the review period January-September 2013 was EUR 3,520 million (3,583), which represents a decrease of 2% compared to the corresponding period in 2012. The book-to-bill ratio for the review period was 1.09 (1.12). Power Plants’ order intake was EUR 884 million (1,045), which is 15% lower than in 2012. Ship Power’s order intake was EUR 1,200 million (1,114), an increase of 8% from the corresponding period last year. Services’ order intake for the review period totalled EUR 1,428 million (1,418), an increase of 1% over the corresponding period in 2012.

Order intake by business
MEUR 7-9/2013 7-9/2012 Change 1-9/2013 1-9/2012 Change 2012
Power Plants 261 453 -42% 884 1 045 -15% 1 515
Ship Power 378 391 -3% 1 200 1 114 8% 1 453
Services 454 428 6% 1 428 1 418 1% 1 961
Order intake, total 1 097 1 275 -14% 3 520 3 583 -2% 4 940
Order intake Power Plants
MW 7-9/2013 7-9/2012 Change 1-9/2013 1-9/2012 Change 2012
Oil 150 167 -10% 355 715 -50% 796
Gas 523 824 -37% 1 431 1 672 -14% 2 323
Renewable fuels 22 27 27
Order intake, total 673 1 013 -34% 1 786 2 414 -26% 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 143 million (175) during the review period January-September 2013. Wärtsilä’s share of ownership in these companies is 50%, and the results are reported as a share of result of associates and joint ventures.

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