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Annual Report 2013

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Order intake

Wärtsilä’s second quarter order intake totalled EUR 1,194 million (1,159), an increase of 3% over the corresponding period last year. The second quarter book-to-bill ratio was 1.00 (0.94).

The order intake for Energy Solutions totalled EUR 304 million (188) in the second quarter, which was 62% more than for the corresponding period last year. Asia and the Americas were the most active regions in terms of ordering activity. Significant orders received included equipment deliveries to three power plants in Argentina with a total output of 192 MW, and to a 310 MW power plant in Bangladesh. 

Marine Solutions’ second quarter order intake totalled EUR 362 million (392), a decrease of 8% compared to the corresponding period last year. The demand for electrical and automation solutions remained sound. Included in the orders received was a contract to supply integrated turnkey electrical solutions for four new RoRo ferries being built at the Flensburger Schiffbau-Gesellschaft yard in Germany for SIEM RoRo Carriers Ltd. The cruise and ferry segment represented 37% of the second quarter order intake and the conventional merchant segment’s share was 28%. Gas carriers accounted for 13% of the order intake and the navy segment for 7%, while special vessels represented 6%, offshore 4%, and other orders 5% of the total.

The second quarter order intake for the Services business totalled EUR 527 million (579). The 9% decline over the corresponding period last year was due to fewer orders related to maintenance work and long-term service agreements. Larger orders received during the second quarter included lifecycle upgrade projects, as well as an operations and management agreement for a power plant in Africa.

The total order intake for the review period January-June 2016 was stable at EUR 2,465 million (2,443). The book-to-bill ratio for the review period was 1.14 (1.10). Energy Solutions’ order intake increased by 30% to EUR 616 million (475). Marine Solutions’ order intake increased by 2% to EUR 741 million (728). Services’ order intake totalled EUR 1,107 million (1,240), a decrease of 11%.

Order intake by business
MEUR 4-6/2016 4-6/2015 Change 1-6/2016 1-6/2015 Change 2015
Energy Solutions 304 188 62% 616 475 30% 1 009
Marine Solutions1 362 392 -8% 741 728 2% 1 599
Services 527 579 -9% 1 107 1 240 -11% 2 324
Order intake, total 1 194 1 159 3% 2 465 2 443 1% 4 932
1 Marine Systems International's contribution to order intake was EUR 114 million (41) in the second quarter of 2016 and EUR 251 million (41) in the review period January-June 2016.
Order intake Energy Solutions
MW 4-6/2016 4-6/2015 Change 1-6/2016 1-6/2015 Change 2015
Oil 734 237 210% 1 298 688 89% 1 303
Gas 284 283 0% 587 534 10% 1 132
Order intake, total 1 018 520 96% 1 886 1 222 54% 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 54 million (140) during the review period January-June 2016. The results of these companies are reported as a share of result of associates and joint ventures.

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