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  • This is Wärtsilä OpenClose subpages
    • CEO review
    • Wärtsilä in brief OpenClose subpages
      • Corporate strategy
      • Our targets OpenClose subpages
        • Financial targets
        • Sustainability targets
      • The value of sustainable innovations
      • Sustainability highlights
    • Energy solutions OpenClose subpages
      • Operating environment
      • Strategy
      • Energy Solutions and sustainability
      • Energy Solutions' development in 2015
    • Marine Solutions OpenClose subpages
      • Operating environment
      • Strategy
      • Marine Solutions and sustainability
      • Marine Solutions' development in 2015
    • Services OpenClose subpages
      • Operating environment
      • Strategy
      • Services and sustainability
      • Services' development in 2015
    • Manufacturing review
    • Research and development
  • Sustainability OpenClose subpages
    • Wärtsilä's sustainability approach
    • Stakeholder relations
    • Sustainability management OpenClose subpages
      • Guiding principles OpenClose subpages
        • Code of Conduct
        • QEHS Policy
        • Employee practices
      • Management approach OpenClose subpages
        • People management
        • Environmental management
        • Occupational health and safety
        • Responsible business conduct
        • Product design principles
        • Supply chain management
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      • Economic OpenClose subpages
        • Economic performance
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        • Materials
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        • Structural changes
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        • Product and Service Labelling
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      • Materiality assessment
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      • Independent Assurance Report
    • GRI and UNGC index
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    • Corporate governance OpenClose subpages
      • Annual General Meeting
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      • Operations of the Board of Directors
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      • The President & CEO and the Deputy CEO
      • Operations of the Board of Management
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      • Business management teams
      • Managing Directors of the subsidiaries
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      • Values and the control environment
      • Business processes
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    • Audit
    • Related party transactions
    • Insider management
    • Salary and remuneration report 2015
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      • Strategic risks
      • Operational risks
      • Hazard risks
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      • Risk profiles and responsibilities
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    • Shares and shareholders OpenClose subpages
      • The Wärtsilä share on Nasdaq Helsinki
      • Shareholders
    • Wärtsilä on the capital markets
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    • Information for shareholders OpenClose subpages
      • Financial information 2016
    • Annual summary of stock exchange releases
  • Board of Directors' report OpenClose subpages
    • Highlights 2015
    • Strategy
    • The year 2015 OpenClose subpages
      • Market development
      • Order intake and order book
      • Net sales and profitability
      • Balance sheet, financing and cash flow
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      • Strategic projects, acquisitions joint ventures and expansion of the network
      • Research and development, product launches
      • Personnel
      • Restructuring programmes
      • Changes in management
      • Sustainable development
      • Shares and shareholders
      • Decisions by the AGM
      • Risk and uncertainties
    • Market outlook
    • Prospects for 2016
    • Dividend proposal
  • Financials OpenClose subpages
    • Five years in figures
    • Calculations of financial ratios
    • Consolidated financial statements OpenClose subpages
      • Consolidated statement of income
      • Consolidated statement of comprehensive income
      • Consolidated statement of financial position
      • Consolidated statement of cash flows
      • Consolidated statement of changes in equity
      • Accounting principles for the consolidated financial statements
      • Notes to the consolidated financial statements OpenClose subpages
        • 1. Segment information
        • 2. Acquisitions
        • 3. Disposals
        • 4. Long-term construction contracts and operating and maintenance agreements
        • 5. Other operating income
        • 6. Material and services
        • 7. Employee benefit expenses
        • 8. Depreciation, amortisation and impairment
        • 9. Measures of profit and non-recurring items
        • 10. Financial income and expenses
        • 11. Income taxes
        • 12. Earnings per share
        • 13. Intangible assets
        • 14. Property, plant & equipment
        • 15. Investments in associates and joint ventures
        • 16. Available-for-sale financial assets
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        • 18. Financial assets and liabilities by measurement category
        • 19. Other receivables
        • 20. Cash and cash equivalents
        • 21. Deferred taxes
        • 22. Pension obligations
        • 23. Equity
        • 24. Provisions
        • 25. Financial liabilities
        • 26. Other liabilities
        • 27. Derivative financial instruments
        • 28. Collateral, contingent liabilities and other commitments
        • 29. Related party disclosures
        • 30. Auditors' fees and services
        • 31. Exchange rates
        • 32. Subsidiaries
        • 33. Financial risks
    • Parent Company financial statements OpenClose subpages
      • Parent company income statement
      • Parent company balance sheet
      • Parent company cash flow statement
      • Accounting principles for the parent company
      • Notes to the parent company financial statements OpenClose subpages
        • 1. Other operating income
        • 2. Personnel expenses
        • 3. Depreciation and amortisation
        • 4. Financial income and expenses
        • 5. Extraordinary income and expenses
        • 6. Income taxes
        • 7. Fixed assets
        • 8. Non-current receivables
        • 9. Current receivables from Group companies
        • 10. Prepaid expenses and accrued income
        • 11. Shareholders' equity
        • 12. Liabilities
        • 13. Accrued expenses and deferred income
        • 14. Liabilities to Group companies
        • 15. Collateral, contingent liabilities and other commitments
        • 16. Related party loans and other commitments
        • 17. Auditor's fees and services
    • Proposal of the Board
    • Auditor´s report
    • Quarterly figures 2014-2015

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Annual Report 2013

q4 2013

q3 2013

q2 2013

q1 2013

Annual Report 2014

q4 2014

q3 2014

q2 2014

q1 2014

Annual Report 2015

q4 2015

q3 2015

q2 2015

q1 2015

q1 2016

q2 2016

q1 2016

q2 2016

q3 2016

q4 2016

Annual Report 2016

Services and sustainability

Environmental legislation, the need for energy efficiency, and safety requirements are currently the main drivers for customers’ actions towards developing their businesses in a more sustainable way.
Wärtsilä Services strives to be a leader in supporting its customers’ efforts to meet and exceed current and future business and sustainability demands. This is the essence of Wärtsilä Services’ role as regards sustainability: we continuously develop the offering in order to provide customers with solutions that will enable them to run their businesses and grow in the most sustainable way.

Furthermore, Wärtsilä conducts its business in a responsible way, including providing services from locations in close proximity to the customers’ installations, and by investing and offering employment opportunities in local communities.

Energy efficiency and emissions

The increasing availability of alternative liquid fuels and gas, together with stricter environmental and safety requirements, creates opportunities for the Services business to improve the operational efficiency of customer installations, while at the same time reducing their environmental impact. Wärtsilä develops and provides services, such as upgrades, reconditioning projects, fuel conversions, and retrofit solutions that improve both fuel efficiency and environmental performance. This enables compliance with stringent environmental legislation while extending the operational lifetime of the application.

For existing installations, a set of primary upgrading solutions are available, including:

  • Engine, propulsion, or electrical & automation system efficiency upgrade packages that reduce fuel and/or lube-oil consumption, thereby contributing to lower emissions and the generation of economic benefits
  • Low NOx solutions that combine various engine modifications designed to find the ideal combination of compression ratio, injection timing, and injection rate. The concept has been developed so as to achieve the best possible trade-off between NOx reduction and fuel consumption.
  • The conversion of propeller shaft sealing systems to an anti-pollution version that eliminates the risk of water pollution
  • Diesel to gas conversions that considerably reduce emissions from the installation. The conversion of heavy fuel oil or marine diesel oil installations to operate on natural gas offers extended benefits.

For new and existing installations, secondary methods are available to integrate additional equipment that contribute towards emissions abatement. Wärtsilä Services provides unparalleled environmental solutions, as well as the field experts needed for their installation and commissioning.

Optimising the sustainability of customer operations

Wärtsilä’s offering goes beyond retrofits, upgrades, conversions, and field services expertise. The lifecycle support approach using long term service agreements, allows Wärtsilä to offer customers guarantees for reduced fuel consumption, and hence have a direct impact in reducing emissions. Furthermore, the recently launched Wärtsilä Genius optimisation services enable increased competitiveness and effectiveness in daily operations with real-time efficiency and emissions abatement improvements:

  • Engine efficiency monitoring: the bridge/dashboard monitor indicates specific fuel oil consumption to create awareness of fuel usage, and to enable a vessel’s crew to make the necessary operational adjustments to optimise the consumption. Measuring fuel consumption online, visualising it, and comparing it to other performance data over time is the first step towards ship energy efficiency monitoring plan services.
  • Trim optimisation: provides an indication to the bridge / dashboard of the optimal vessel trim. Real-time optimisation of the ship’s trim provides 2-5% fuel savings, thereby contributing to lower levels of emissions.
  • Hull and propeller cleaning interval optimisation: calculates the optimal cleaning dates for the hull and propeller. This results in avoiding fuel consumption increases of up to 30% caused by surface roughness, and hence enables emissions optimisation.

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