Interim Report
Interim Report
Interim Report
2019
Financial Statements Bulletin
2019
Annual Report
2019
Interim Report
2018
Interim Report
Interim Report
Financial Statements Bulletin
(30.1.2019)Annual Report
You have selected articles to be compiled in your PDF. Please select any other articles you like to add or remove from the list below. Click on the Download button to download your compiled PDF.
Please read the terms of use of Wärtsilä Corporation before printing, downloading, sharing or sending any files. By using the internet site and its functionalities, you indicate that you agree with and commit to the terms of use.
Your PDF includes articles from the Wärtsilä %site% 2015.
Download PDF
Share
A selection of the pictures featured in the Annual Report 2015 can be found below.
Bird's eye view of a Wärtsilä power plant, delivered to Indonesia in 2015.
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
The Wärtsilä 31 engine - the world's most efficient 4-stroke diesel engine.
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
LNG technology is a driver for Wärtsilä. This Wärtsilä gas valve unit (GVU) is a module located between the LNG storage system and the dual-fuel (DF) engine. It is used to regulate gas pressure and ensure a safe disconnect of the gas system.
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
A Wärtsilä engineer at a power plant.
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
The Wärtsilä 34DF dual-fuel engine.
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Interior of a Wärtsilä power plant equipped with Wärtsilä 50DF dual-fuel engines.
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Wärtsilä's exhaust gas cleaning system being retrofitted to a RoRo vessel.
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
The Wärtsilä 31 engine achieves Guinness World Records title.
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Wärtsilä engineers testing the Aquarius EC Ballast Water Management System (BWMS).
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
The Wärtsilä 50DF engine in Wärtsilä's factory in Trieste.
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Mikael Lilius
Chairman of the Board of Wärtsilä Corporation
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Sune Carlsson
Deputy Chairman of the Board of Wärtsilä Corporation
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Maarit Aarni-Sirviö
Member of the Board of Wärtsilä Corporation
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Kaj-Gustaf Bergh
Member of the Board of Wärtsilä Corporation
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Tom Johnstone
Member of the Board of Wärtsilä Corporation
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Risto Murto
Member of the Board of Wärtsilä Corporation
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Gunilla Nordström
Member of the Board of Wärtsilä Corporation
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Markus Rauramo
Member of the Board of Wärtsilä Corporation
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Jaakko Eskola
President & CEO
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Pierpaolo Barbone
Deputy to the President & CEO, President, Services and Executive Vice President, Wärtsilä Corporation
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Päivi Castrén
Executive Vice President, Human Resources
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Javier Cavada Camino
President, Energy Solutions & Executive Vice President, Wärtsilä Corporation
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Kari Hietanen
Executive Vice President, Corporate Relations and Legal Affairs
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Roger Holm
President, Marine Solutions and Executive Vice President, Wärtsilä Corporation
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Atte Palomäki
Executive Vice President, Communications & Branding
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
Download
Marco Wirén
Executive Vice President and Chief Financial Officer
All images are the intellectual property of Wärtsilä. They may be reproduced in conjunction with features, articles or other editorial with reference to Wärtsilä. In such publications image credit should be given as “Image courtesy of Wärtsilä Corporation – all rights reserved.”
DownloadWärtsilä had approximately 39,200 shareholders at the end of the financial period 2015. Foreign shareholding, including nominee-registered shares, represented 52% (48) at the end of the period, and Finnish retail investors held 19% of the share capital (20). The largest shareholder was Investor AB with 33,866,544 shares or 17% of the share capital.
Further information concerning shareholder base development can be found on the Wärtsilä IR pages at www.wartsila.com/investors.
| Ownership structure on 31 December 2015 | ||||
| Group | Number of shareholders | % | Number of shares | % |
| Private corporations | 1 454 | 3.7 | 16 145 619 | 8.2 |
| Banks and insurance companies | 76 | 0.2 | 3 955 559 | 2.0 |
| Public sector entities | 45 | 0.1 | 21 401 259 | 10.9 |
| Non-profit organisations | 863 | 2.2 | 15 949 464 | 8.1 |
| Households | 36 454 | 93.0 | 37 431 564 | 19.0 |
| Outside Finland | 308 | 0.8 | 36 789 865 | 18.7 |
| Nominee registered | 65 567 800 | 33.2 | ||
| Total | 39 200 | 100.0 | 197 241 130 | 100.0 |
| Division of shares on 31 December 2015 | ||||
| Number of shares | Number of shareholders | % | Number of shares | % |
| 1-100 | 11 439 | 29.2 | 618 191 | 0.3 |
| 101-1 000 | 19 797 | 50.5 | 8 022 310 | 4.1 |
| 1 001-10 000 | 7 208 | 18.4 | 19 771 429 | 10.0 |
| 10 001-100 000 | 681 | 1.7 | 16 366 962 | 8.3 |
| 100 001-1 000 000 | 65 | 0.2 | 17 623 860 | 8.9 |
| 1 000 001-10 000 000 | 7 | 0.0 | 14 262 079 | 7.2 |
| 10 000 001- | 3 | 0.0 | 55 008 499 | 27.9 |
| Nominee registered | 65 567 800 | 33.2 | ||
| Total | 39 200 | 100.0 | 197 241 130 | 100.0 |
| Wärtsilä's 50 major shareholders on 31 December 2015, excl. nominee registered | |||
| Owner | Shares | % | |
| 1 | Avlis Invest AB | 33 866 544 | 17.17 |
| 2 | Fiskars Corporation | 10 881 781 | 5.52 |
| 3 | Varma Mutual Pension Insurance Company | 10 260 174 | 5.20 |
| 4 | Ilmarinen Mutual Pension Insurance Company | 3 978 914 | 2.02 |
| 5 | Svenska Litteratursällskapet i Finland | 2 744 840 | 1.39 |
| 6 | The Social Insurance Institution of Finland | 1 935 910 | 0.98 |
| 7 | State Pension Fund | 1 800 000 | 0.91 |
| 8 | Elo Mutual Pension Insurance Company | 1 595 088 | 0.81 |
| 9 | Kuntien eläkevakuutus | 1 107 327 | 0.56 |
| 10 | Jenny and Antti Wihuri Foundation | 1 100 000 | 0.56 |
| 11 | The Finnish Cultural Foundation | 970 442 | 0.49 |
| 12 | Schweizerische Nationalbank | 969 173 | 0.49 |
| 13 | Sigrid Jusélius Foundation | 964 475 | 0.49 |
| 14 | Sijoitusrahasto Nordea Suomi | 764 782 | 0.39 |
| 15 | Savox Investments S.A. | 730 000 | 0.37 |
| 16 | Ingman Finance Oy Ab | 595 000 | 0.30 |
| 17 | The Signe and Ane Gyllenberg Foundation | 584 888 | 0.30 |
| 18 | Samfundet Folkhälsan i Svenska Finland rf | 533 900 | 0.27 |
| 19 | Rantanen Tuula Anneli | 505 066 | 0.26 |
| 20 | Folkhälsan i Svenska Finland rf Inez och Julius Polins Fond | 443 800 | 0.23 |
| 21 | Mandatum Henkivakuutusosakeyhtiö | 423 064 | 0.21 |
| 22 | Svenska Kulturfonden i Björneborg | 394 010 | 0.20 |
| 23 | Livränteanstalten Hereditas | 383 332 | 0.19 |
| 24 | Louise och Göran Ehrnrooth Stiftelse | 377 630 | 0.19 |
| 25 | Blåberg Olli Edvard | 320 000 | 0.16 |
| 26 | Von Fieandt Johan | 308 492 | 0.16 |
| 27 | Fromond Elsa | 300 956 | 0.15 |
| 28 | William Thurings Stiftelse | 299 515 | 0.15 |
| 29 | Folkhälsans Forskningssiftelse - Kansanterveyden tutkimussäätiö | 287 268 | 0.15 |
| 30 | Sijoitusrahasto Seligson & Co | 275 798 | 0.14 |
| 31 | Stockmann Marita | 271 226 | 0.14 |
| 32 | Tallberg Carl Johan | 260 582 | 0.13 |
| 33 | Sr Danske Invest Suomi Yhteisöosake | 246 714 | 0.13 |
| 34 | Sijoitusrahasto Aktia Capital | 245 000 | 0.12 |
| 35 | Brita Maria Renlund Foundation | 240 400 | 0.12 |
| 36 | Sijoitusrahasto SEB Finlandia | 240 302 | 0.12 |
| 37 | Odin Finland | 235 154 | 0.12 |
| 38 | Holdix Oy Ab | 234 000 | 0.12 |
| 39 | Blomberg Anne-Sofie Marie | 221 266 | 0.11 |
| 40 | Åbo Akademi Foundation | 214 010 | 0.11 |
| 41 | Sr Danske Invest Suomi Osake | 212 021 | 0.11 |
| 42 | Ella och Georg Ehrnrooth Stiftelse | 201 500 | 0.10 |
| 43 | Sijoitusrahasto Alfred Berg Suomi Fokus | 180 650 | 0.09 |
| 44 | Markkola Leena | 171 500 | 0.09 |
| 45 | Barry Staines Linoleum Oy | 166 570 | 0.08 |
| 46 | Perceval Ann-Marie Caussin De | 166 280 | 0.08 |
| 47 | Suomen Kauppayhtiöt Oy | 162 000 | 0.08 |
| 48 | Relander Harald Bertel | 161 000 | 0.08 |
| 49 | Karlsson Anne Christine | 160 000 | 0.08 |
| 50 | Bergsr. Dr H.C. Marcus Wallenbergs stiftelse för företagsekonomisk forskning rf | 151 700 | 0.08 |
| Total | 83 844 044 | 42.51 | |
During 2015, Wärtsilä was informed of the following changes in ownership:
On 10 September, BlackRock, Inc. increased its holding in Wärtsilä to more than one twentieth (1/20) of the Company’s votes. Following the transaction BlackRock, Inc. owned 10,019,838 shares or 5.08% of Wärtsilä’s share capital and total votes.
The members of the Board of Directors, the CEO, the CEO's deputy, and the corporations under their control, owned altogether 60,219 Wärtsilä Corporation shares at the end of 2015, which represents 0.03% of the stock and voting rights.
Further details on the Board of Directors' ownership of shares can be found in the Corporate Governance section.
The Annual General Meeting, held on 5 March 2015, authorised the Board of Directors to resolve to repurchase a maximum of 19,000,000 of the Company's own shares. The authorisation to repurchase the Company’s own shares shall be valid until the close of the next Annual General Meeting, however no longer than for 18 months from the authorisation.
The Board of Directors was authorised to resolve to distribute a maximum of 19,000,000 of the Company’s own shares. The authorisation for the Board of Directors to distribute the Company’s own shares shall be valid for three years from the authorisation of the shareholders’ meeting and it cancels the authorisation given by the General Meeting on 6 March 2014. The Board of Directors is authorised to resolve to whom and in which order the Company’s own shares will be distributed. The Board of Directors is authorised to decide on the distribution of the Company’s own shares other than in proportion to the existing pre-emptive right of the shareholders to purchase the Company’s own shares.
The Board of Directors proposes that a dividend of 1.20 euro per share shall be distributed for the financial period that ended on 31 December 2015.
Read also
