Wärtsilä Corporation Financial statements bulletin 2014

Good performance despite challenging market conditions

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 the text refer only to continuing operations.

Fourth quarter highlights

  • Order intake increased 14% to EUR 1,522 million (1,334)
  • Net sales increased 10% to EUR 1,549 million (1,403)
  • Book-to-bill 0.98 (0.95)
  • Operating result before non-recurring items EUR 196 million, or 12.7% of net sales (EUR 211 million or 15.0%)
  • Earnings per share EUR 0.60 (0.74)
  • Cash flow from operating activities EUR 212 million (317)

Highlights of the review period January-December 2014

  • Order intake increased 5% to EUR 5,084 million (4,821)
  • Net sales increased 4% to EUR 4,779 million (4,607)
  • Book-to-bill 1.06 (1.05)
  • Operating result before non-recurring items EUR 569 million, or 11.9% of net sales (EUR 557 million or 12.1%)
  • Earnings per share EUR 1.76 (1.98)
  • Cash flow from operating activities EUR 452 million (578)
  • Order book at the end of the period increased 5% to EUR 4,530 million (4,311)
  • Dividend proposal 1.15 euro per share

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