Wärtsilä Corporation Annual report 2014

Quick look: Financials

Wärtsilä’s financial position is solid. In 2014, net sales totalled EUR 4.779 million and the operating results before non-recurring items was EUR 569 million. Cash flow from operating activities was EUR 452 million. Working capital developed well, totalling EUR 251 million.

Key figures

Net sales, MEUR

4 779

Operating result before non-recurring items, MEUR 

569

% of the net sales

11.9

Profit before taxes, MEUR

494

Earnings per share, EUR

1.76

Net interest-bearing debt, end of period

94

Gearing

0.05

Highlights

Focus on R&D

Wärtsilä’s edge lies in its technological expertise. In 2014, our R&D investments represented 2.9% of net sales, the key focus areas being efficiency improvement, fuel flexibility, and environmental performance.

Partnership for two-stroke engines

Wärtsilä and China State Shipbuilding Corporation agreed to establish a joint venture to take over Wärtsilä's two-stroke engine business. The reorganisation of the two-stroke business will have a positive effect of Wärtsilä's continuing operations.

"WÄRTSILÄ PERFORMED WELL DESPITE THE CHALLENGING MARKET CONDITIONS. DURING 2014, WE TOOK SEVERAL STEPS TOWARDS REACHING OUR LONG-TERM TARGET OF 14% PROFITABILITY. THESE INCLUDED THE SUCCESSFUL IMPLEMENTATION OF THE EFFICIENCY PROGRAM AND THE REORGANISATION OF OUR TWO-STROKE BUSINESS."

Marco Wirén, Executive Vice President and Chief Financial Officer

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