Wärtsilä Corporation Interim Report q3 2014

Good development in order intake and profitability

This interim report is unaudited. As of the third quarter of 2014, the two-stroke business is reported as discontinued operations. Consequently, comparison figures related to the statement of income have been restated. The comments in this interim text refer only to continuing operations.

Third quarter highlights

  • Order intake increased 21% to EUR 1,309 million (1,086)
  • Net sales decreased 7% to EUR 1,117 million (1,199)
  • Book-to-bill 1.17 (0.91)
  • Operating result before non-recurring items EUR 142 million, or 12.7% of net sales (EUR 148 million or 12.3%)
  • Earnings per share EUR 0.43 (0.48)
  • Cash flow from operating activities EUR 68 million (139)

Highlights of the review period January-September 2014

  • Order intake increased 2% to EUR 3,562 million (3,487)
  • Net sales increased 1% to EUR 3,230 million (3,203)
  • Book-to-bill 1.10 (1.09)
  • Operating result before non-recurring items EUR 373 million, or 11.5% of net sales (EUR 346 million or 10.8%)
  • Earnings per share EUR 1.16 (1.24)
  • Cash flow from operating activities EUR 240 million (261)
  • Order book at the end of the period increased 5% to EUR 4,674 million (4,455)

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