Quick look: Board of Directors' report
Solid development despite challenging market conditions
Wärtsilä’s performance in 2015 was in line with the targets set for the year. Supported by a solid fourth quarter and continued growth in service volumes, net sales increased by 5% and profitability reached 12.2%. During the year, Wärtsilä continued to develop its business by expanding its product and solutions offering, as well as by pursuing growth opportunities through acquisitions.
Key figures
Net sales, MEUR |
5 029* |
Operating result before non-recurring items, MEUR |
612 |
% of net sales |
12.2* |
Profit before taxes |
553 |
Earnings per share, EUR |
2.25 |
Cash flow from operating activities |
255 |
Gearing |
0.17* |
Highlights
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Guidance for 2016
Wärtsilä expects its net sales for 2016 to grow by 0-5% and its operational profitability (EBIT% before non-recurring items) to be 12.5-13.0%.
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Strategy fine-tuned in 2015
During the summer, Wärtsilä’s strategy was revised to reflect the changing industry dynamics. Wärtsilä seeks growth by offering innovative and energy efficient lifecycle solutions, as well as by leveraging its leading position in gas based technology.
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R&D in focus
Wärtsilä emphasises efficiency improvement, fuel flexibility, and the reduction of environmental impact in its R&D activities. The highlight of 2015 was the launch of Wärtsilä 31, the world’s most efficient 4-stroke diesel engine.