Wärtsilä Corporation Interim Report Q2 2015

Net sales increased in challenging market conditions

As a result of the 2-stroke operations being classified as discontinued operations in 2014, comparison figures related to the statement of income have been restated.


Second quarter highlights

  • Order intake increased 2% to EUR 1,159 million (1,138)
  • Net sales increased 10% to EUR 1,230 million (1,116)
  • Book-to-bill 0.94 (1.02)
  • EBITA EUR 144 million, or 11.7% of net sales (EUR 138 million or 12.4%)
  • Operating result before non-recurring items EUR 137 million, or 11.1% of net sales (EUR 132 million or 11.8%)
  • Earnings per share 0.54 euro (0.42)
  • Cash flow from operating activities EUR 47 million (61)
  • Acquisition of L-3 Marine Systems International finalised

Highlights of the review period January-June 2015 

  • Order intake increased 8% to EUR 2,443 million (2,253)
  • Net sales increased 5% to EUR 2,218 million (2,113)
  • Book-to-bill 1.10 (1.07)
  • EBITA EUR 250 million, or 11.3% of net sales (EUR 243 million or 11.5%)
  • Operating result before non-recurring items EUR 237 million, or 10.7% of net sales (EUR 230 million or 10.9%)
  • Earnings per share 0.97 euro (0.73)
  • Cash flow from operating activities EUR 84 million (172)
  • Order book at the end of the period increased 20% to EUR 5,325 million (4,420)

Events after the reporting period

  • Plans to realign the Ship Power business, today renamed Marine Solutions, announced on 17 July 2015

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