Wärtsilä’s cash flow from operating activities amounted to EUR -13 million (37) during the review period January-March 2016. Working capital totalled EUR 709 million (296) at the end of the review period, increasing by EUR 166 million from the end of December mainly due to inventory build-up. Advances received at the end of the period totalled EUR 618 million (743). At the end of December 2015, advances received totalled EUR 564 million. Cash and cash equivalents at the end of the period amounted to EUR 428 million (382) and unutilised committed credit facilities totalled EUR 519 million (629). A dividend of EUR 1.20 per share (1.15) corresponding to a total of EUR 237 million (227) was paid during the first quarter.
Wärtsilä had interest-bearing debt totalling EUR 1,088 million at the end of March 2016. At the end of December 2015, interest bearing debt totalled EUR 724 million. The total amount of short-term debt maturing within the next 12 months was EUR 503 million. Long-term loans amounted to EUR 585 million. Net interest-bearing debt totalled EUR 639 million (251) and gearing was 0.32 (0.14).