Wärtsilä’s net sales for the fourth quarter increased by 3% to EUR 1,590 million (1,549) compared to the corresponding period last year. Net sales for Energy Solutions decreased by 14% to EUR 374 million (433). Marine Solutions’ net sales totalled EUR 598 million (552), 8% higher than in the corresponding quarter last year. Net sales from the Services business increased by 10% to EUR 619 million (564), mainly due to increased project deliveries.
Net sales for January-December 2015 developed in line with guidance, increasing by 5% to EUR 5,029 million (4,779), primarily due to improved service volumes. Net sales development for the Energy Solutions and Marine Solutions businesses was stable, totalling EUR 1,126 million (1,138) and EUR 1,720 million (1,702) respectively. Net sales from the Services business increased by 13% to EUR 2,184 million (1,939), supported by good development in all areas. Of the total net sales, Energy Solutions accounted for 22%, Marine Solutions for 34% and Services for 43%.
Of Wärtsilä’s net sales for January-December 2015, approximately 64% was EUR denominated, 21% USD denominated, with the remainder being split between several currencies.