Wärtsilä Corporation Annual report 2014

Quick look: This is wärtsilä

Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers.

The company has operations in over 200 locations in nearly 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.

Key figures

Net sales, MEUR

4 779

Operating result before non-recurring items, MEUR 

569

% of the net sales

11.9

Order intake, MEUR

5 084

Order book at the end of the period, MEUR 

4 530

Personnel at end of period 

17 717

Highlights

Wärtsilä wins its first order for a turnkey liquefied natural gas (LNG) receiving terminal to be built in Tornio, Finland.

Wärtsilä signed an agreement to establish a joint venture with China State Shipbuilding Corporation, which will take over Wärtsilä’s 2-stroke engine business.

 

Wärtsilä announced the acquisition of L-3 Marine Systems International to strengthen its position in automation and electrical systems.

 

The interest in marine service agreements is increasing. Noteworthy contracts included the 10-year maintenance and technical support agreement with Royal Caribbean Cruises Ltd covering 36 vessels.

"THE DEMAND FOR GAS AND ENERGY EFFICIENCY, COUPLED WITH ENVIRONMENTAL CONSIDERATIONS, DRIVES OUR BUSINESS. WE CONTINUE TO SEE OPPORTUNITIES FOR GROWTH AND IMPROVED PROFITABILITY BY EMPHASISING OUR STRATEGIC FOCUS AREAS - SMART POWER GENERATION, GAS AS A FUEL AND ENVIRONMENTAL SOLUTIONS."

Björn Rosengren, President & CEO

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