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Annual Report 2013

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Order intake

Wärtsilä’s first quarter order intake was stable at EUR 1,271 million (1,285). The first quarter book-to-bill ratio was 1.31 (1.30).

Order intake for Energy Solutions totalled EUR 312 million (287), which was 9% more than for the corresponding period last year. Europe and the Middle East were the most active regions in terms of order intake.

Marine Solutions’ order intake totalled EUR 379 million (336), an increase of 13% over the corresponding period last year. The growth in orders received was partly supported by good demand in the Electrical and Automation business. Ordering activity was also strong in the cruise and ferry segment, which represented 48% of the first quarter’s order intake. The gas carrier segment and the conventional merchant segment each accounted for 11% of order intake. The special vessels segment’s share was 11%, while navy represented 10%, offshore 3%, and other orders 6% of the total.
 
Order intake for the Services business totalled EUR 580 million (662). The 12% decline over the corresponding period last year was primarily due to lower demand for larger service projects. During the first quarter, Services signed a five-year maintenance agreement with Bonny Gas Transport Limited, a subsidiary of Nigeria LNG Limited.

Order intake by business
MEUR 1-3/2016 1-3/2015 Change 2015
Energy Solutions 312 287 9% 1 009
Marine Solutions1 379 336 13% 1 599
Services 580 662 -12% 2 324
Order intake, total 1 271 1 285 -1% 4 932
1 Marine Systems International's contribution to order intake was EUR 137 million in the first quarter of 2016.
Order intake Energy Solutions
MW 1-3/2016 1-3/2015 Change 2015
Oil 564 452 25% 1 303
Gas 303 251 21% 1 132
Order intake, total 868 702 24% 2 436

Order intake in joint ventures

Order intake in the Wärtsilä Hyundai Engine Company Ltd joint venture company in South Korea, and the Wärtsilä Qiyao Diesel Company Ltd and CSSC Wärtsilä Engine Company Ltd joint venture companies in China totalled EUR 30 million (138) during the review period January-March 2016. The results of these companies are reported as a share of result of associates and joint ventures. 

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