Wärtsilä Corporation Interim Report q1 2014

 

Net sales

Wärtsilä’s net sales for January-March 2014 increased by 15% to EUR 1,012 million (882). Net sales for Power Plants totalled EUR 190 million (202), a decrease of 6%. Ship Powers’ net sales increased by 54% and totalled EUR 386 million (251). Net sales from the Services business remained stable at EUR 435 million (434). Services’ sales mix saw an increase in revenues from spare parts and long-term contracts. Of the total net sales, Power Plants accounted for 19%, Ship Power for 38% and Services for 43%.

Of Wärtsilä’s net sales for January-March 2014, approximately 65% was EUR denominated, 18% USD denominated, with the remainder being split between several currencies.

Net sales by business
MEUR 1-3/2014 1-3/2013 Change 2013
Power Plants 190 202 -6% 1 459
Ship Power 386 251 54% 1 357
Services 435 434 0% 1 842
Net sales, total  1 012 882 15% 4 654
The Ship Power comparison figures have been adjusted to reflect the combination of PowerTech and Ship Power, which became effective on 1 January 2014.
Group net sales includes hedges of EUR -2 million for the full year 2013 and EUR -5 million for the first quarter of 2013, which have not been allocated to the businesses.

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