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Quick look: This is Wärtsilä

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2016 in Brief

Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers.

“Wärtsilä continues to be well positioned to benefit from the trends of increasing demand for efficiency and changing energy needs.”

Jaakko Eskola
President & CEO

Key figures

  2016 2015 2014
Net sales, MEUR  4 801 5 029 4 779
Comparable operating result, MEUR  583 612 569
Comparable operating result, %  12.1 12.2 11.9
Order intake, MEUR  4 927 4 932 5 084
Order book at the end of the period, MEUR  4 696 4 882 4 530
Personnel at the end of the period  18 011 18 856 18 042

 

Net sales

Wärtsilä’s long-term target is to grow faster than global GDP. Wärtsilä’s 5-year compound annual growth rate for net sales was 3%, as compared to global GDP growth of 0.4% in the corresponding period.

Comparable operating result

Wärtsilä's aim is to maintain its operating profit margin between 14% at the peak of the cycle and 10% at the trough.

Wärtsilä’s strategy for profitable growth

 

Highlights

Entering the solar market

Launched in April 2016, Wärtsilä hybrid solutions – power plants comprising solar PV plants and internal combustions engines – help to reduce the overall carbon footprint while improving operational costs and reliability.

Digital transformation

The appointment of a new Chief Digital Officer, and the subsequent creation of a new digital organisation, were some of the important steps taken during the year to accelerate Wärtsilä’s digital transformation.

Regulatory developments

During 2016, the International Maritime Organization decided upon several environmental topics affecting the marine industry, including the ratification of the Ballast Water Convention and the implementation date for the global cap on the sulphur content of marine fuel. With its wide range of environmental solutions, Wärtsilä is well placed to help its customers with each of these developments.

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