Wärtsilä Corporation Interim Report q2 2014

Net sales

Wärtsilä’s net sales for the second quarter decreased by 2% to EUR 1,132 million (1,152) compared to the corresponding period last year. Net sales for Power Plants totalled EUR 233 million (369), a decrease of 37%. Ship Power’s net sales for the second quarter totalled EUR 431 million (320), which is 35% higher than for the corresponding quarter last year. Net sales from the Services business were stable at EUR 468 million (465). The sales mix saw an increase in revenues from spare parts and long-term contracts.

Net sales for January-June 2014 increased by 5%, totalling EUR 2,144 million (2,034). Power Plants’ net sales totalled EUR 424 million (570), a decrease of 26%. Ship Power’s net sales increased by 43% and totalled EUR 818 million (571). Net sales from the Services business were stable at EUR 903 million (899). Of the total net sales, Power Plants accounted for 20%, Ship Power for 38% and Services for 42%.

Of Wärtsilä’s net sales for January-June 2014, approximately 67% was EUR denominated, 16% USD denominated, with the remainder being split between several currencies.

Net sales by business
MEUR 4-6/2014 4-6/2013 Change 1-6/2014 1-6/2013 Change 2013
Power Plants 233 369 -37% 424 570 -26% 1 459
Ship Power1 431 320 35% 818 571 43% 1 357
Services 468 465 1% 903 899 0% 1 842
Other2 -2 -7 -2
Net sales, total 1,132 1 152  -2% 2,144 2 034 5% 4 654
1 The comparison figures have been adjusted to reflect the combination of PowerTech and Ship Power, which became effective on 1 January 2014.
2 Other comprises hedges, which have not been allocated to the businesses.

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