Wärtsilä Corporation Interim Report q2 2014

Good development in profitability

This interim report is unaudited.

Second quarter highlights

  • Order intake increased 9% to EUR 1,163 million (1,071)
  • Net sales decreased 2% to EUR 1,132 million (1,152)
  • Book-to-bill 1.03 (0.93)
  • Operating result before non-recurring items EUR 122 million, or 10.8% of net sales (EUR 111 million or 9.6%)
  • Earnings per share EUR 0.42 (0.39)
  • Cash flow from operating activities EUR 61 million (38)

Highlights of the review period January-June 2014

  • Order intake decreased 5% to EUR 2,305 million (2,424)
  • Net sales increased 5% to EUR 2,144 million (2,034)
  • Book-to-bill 1.07 (1.19)
  • Operating result before non-recurring items EUR 212 million, or 9.9% of net sales (EUR 181 million or 8.9%)
  • Earnings per share EUR 0.73 (0.76)
  • Cash flow from operating activities EUR 172 million (122)
  • Order book at the end of the period decreased 4% to EUR 4,554 million (4,763)

Events after the reporting period

  • Wärtsilä and China State Shipbuilding Corporation announced the establishment of a joint venture, which will take over Wärtsilä’s two-stroke engine business. Going forward, the two-stroke engine business will be reported as discontinued operations.
  • Wärtsilä and China State Shipbuilding Corporation announced the establishment of a joint venture for manufacturing medium and large bore medium-speed diesel and dual-fuel engines.

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