Net sales

Wärtsilä’s net sales for the fourth quarter decreased by 8% to EUR 1,411 million (1,533) compared to the corresponding period last year. Net sales for Power Plants totalled EUR 468 million (568), a decrease of 18%. Ship Powers’ net sales for the fourth quarter was stable, totalling EUR 425 million (426). The fourth quarter net sales for Services totalled EUR 507 million (531), a decrease of 5% compared to the corresponding period last year.

Net sales for January-December 2013 decreased by 1%, totalling EUR 4,654 million (4,725). The development was slightly weaker than the expected 0-5% net sales growth, mainly due to unfavourable exchange rates and some delayed deliveries during the fourth quarter. Power Plants’ net sales totalled EUR 1,459 million (1,498), a decrease of 3%. Ship Power’s net sales increased by 2% and totalled EUR 1,325 million (1,301). Net sales from the Services business totalled EUR 1,842 million (1,908), a decrease of 3%. The Services’ sales mix saw an increase in revenues from maintenance service and long-term contracts. Of the total net sales, Power Plants accounted for 31%, Ship Power for 28% and Services for 40%.

Of Wärtsilä’s net sales for January-December 2013, approximately 59% was EUR denominated, 24% USD denominated, with the remainder being split between several currencies.

Net sales by business
MEUR 10-12/2013 10-12/2012 Change 1-12/2013 1-12/2012 Change
Power Plants 468 568 -18% 1 459 1 498 -3%
Ship Power 425 426 0% 1 325 1 301 2%
Services 507 531 -5% 1 842 1 908 -3%
Other 11 7 28 17
Net sales, total 1 411 1 533 -8% 4 654 4 725 -1%

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