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Quick look: Financial statements

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2016 in figures

Wärtsilä’s performance in 2016 was satisfactory, considering the continued challenges in its market environment. Net sales and profitability developed in line with the expectations set out in the company’s revised guidance.

“Wärtsilä’s solid financial standing enhances our ability to improve our offering of services and innovative solutions through research and development activities, partnerships and acquisitions.”

Marco Wirén
Executive Vice President & Chief Financial Officer

Key figures

  2016 2015 2014
Net sales, MEUR 4 801 5 029 5 779
Comparable operating result, MEUR 583 612 569
Comparable operating result, % 12.1 12.2 11.9
Operating result, MEUR 532 587 522
Profit before taxes, MEUR 479 553 494
Earnings per share, EUR 1.79 2.25 1.76
Dividend per share, EUR 1.30* 1.20 1.15
Cash flow from operating activities, MEUR 613 255 452
Gearing 0.07 0.17 0.05

 * Proposal of the Board of Directors.

During 2016, items affecting comparability amounted to EUR 51 million (25), of which EUR 48 million (19) related to restructuring programmes and EUR 3 million (6) to acquisitions and other costs.

Net sales

Of the total net sales, Energy Solutions accounted for 20%, Marine Solutions for 35% and Services for 46%.

Dividend per share

Wärtsilä’s aim is to to pay a dividend of at least 50% of earnings per share over the cycle.

Gearing

Wärtsilä’s target is to maintain gearing below 0.50.

Profitability

 

Highlights

Research & development

Investing in technological leadership is vital for ensuring the competitiveness of Wärtsilä’s product portfolio, and for securing a leading position in sustainable innovation. In 2016, R&D investments amounted to EUR 131 million or 2.7% of net sales.

Digitalisation

Wärtsilä’s focus on digitalising its operations and customer offering continued during 2016. The acquisition of Eniram and the appointment of a Chief Digital Officer to the Board of Management were important steps in the company’s digital transformation.

Dividend proposal

The Board of Directors proposes that a dividend of 1.30 euro per share be paid for the financial year 2016, an increase of 8%. The proposed dividend payment represents 73% or earnings per share.

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