Annual Report 2013

q4 2013

q3 2013

q2 2013

q1 2013

Annual Report 2014

q4 2014

q3 2014

q2 2014

q1 2014

Annual Report 2015

q4 2015

q3 2015

q2 2015

q1 2015

q1 2016

q2 2016

q1 2016

q2 2016

q3 2016

q4 2016

Annual Report 2016

Stable orders and sales in challenging markets

Highlights of the review period January-March 2016

  • Order intake decreased 1% to EUR 1,271 million (1,285)
  • Net sales decreased 2% to EUR 967 million (988)
  • Book-to-bill 1.31 (1.30)
  • Comparable operating result EUR 84 million, or 8.7% of net sales (EUR 100 million or 10.1%)
  • Earnings per share 0.30 euro (0.43)
  • Cash flow from operating activities EUR -13 million (37)
  • Order book at the end of the period increased 3% to EUR 5,103 million (4,931)

Events after the reporting period

  • Plans to realign the Marine Solutions and Energy Solutions businesses announced on 21 April 2016

Wärtsilä has revised the terminology used for alternative performance measures due to new guidelines by the European Securities and Market Authority. ‘Operating result before non-recurring items’ has been replaced with ‘comparable operating result’, and ‘operating result before non-recurring items and purchase price allocation amortisation’ has been replaced with ‘comparable adjusted EBITA’. Definitions of these performance measures and of items affecting comparability can be found in the tables of this interim report on page 22. Wärtsilä presents alternative performance measures to show the underlying business performance and to enhance comparability between reporting periods.


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