Wärtsilä’s net sales for the fourth quarter increased by 10% to EUR 1,549 million (1,403) compared to the corresponding period last year. Net sales for Power Plants totalled EUR 433 million (468), a decrease of 8%. Ship Power’s net sales for the fourth quarter totalled EUR 552 million (425), which is 30% higher than for the corresponding quarter last year. Net sales from the Services business reached an all-time high, increasing by 11% to EUR 564 million (507).
Net sales for January-December 2014 increased by 4% to EUR 4,779 million (4,607), which is in line with the guidance of around 5% growth. Power Plants’ net sales declined by 22% due to slow order intake during the first half of the year, and totalled EUR 1,138 million (1,459). Ship Power’s net sales increased by 30% and totalled EUR 1,702 million (1,309). Net sales from the Services business amounted to EUR 1,939 million (1,842), an increase of 5%. The Services sales mix saw an increase in revenues from spare parts and projects. Of the total net sales, Power Plants accounted for 24%, Ship Power for 36% and Services for 41%.
Of Wärtsilä’s net sales for January-December 2014, approximately 67% was EUR denominated, 19% USD denominated, with the remainder being split between several currencies.
|Net sales by business|
|Power Plants||433||468||-8%||1 138||1 459||-22%|
|Ship Power1||552||425||30%||1 702||1 309||30%|
|Services||564||507||11%||1 939||1 842||5%|
|Net sales, total||1,549||1 403||10%||4,779||4 607||4%|
|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.|