In the Power Plants business, uncertainty in the financial markets and significant currency fluctuations may impact financing availability and the timing of bigger projects. A lack of demand for commodities, e.g. minerals, can affect industrial customers’ investment decisions.
The business environment for the shipping and shipbuilding industry remains challenging and concerns over the global economy continue to cause uncertainty. Overcapacity in the traditional merchant markets is still a concern and financing remains under pressure as banks continue to be cautious. Investments in offshore exploration and production are highly sensitive to changes in oil prices. However, current oil prices continue to support the offshore industry’s operational activities in harsher conditions and deeper waters.
Continued risks in the global economy may have a negative impact on Services’ order intake. The challenging conditions in several marine market segments are also seen as a potential risk.
The annual report 2012 contains a more specific description of Wärtsilä’s risks and risk management.