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Annual Report 2013

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Annual Report 2016

Net sales

Wärtsilä’s net sales for the fourth quarter decreased by 2% to EUR 1,559 million (1,590) compared to the corresponding period last year. Net sales for Energy Solutions increased by 11% to EUR 414 million (374). Marine Solutions’ net sales totalled EUR 509 million (598), which is 15% lower than in the corresponding quarter last year. Net sales from the Services business increased by 3% to EUR 636 million (619).

Net sales for January-December 2016 developed in line with guidance, decreasing by 5% to EUR 4,801 million (5,029) primarily due to fewer power plant deliveries than in the previous year. Net sales for Energy Solutions totalled EUR 943 million (1,126), a decrease of 16%. Marine Solutions’ net sales decreased by 3% to EUR 1,667 million (1,720). Net sales from the Services business was stable, totalling EUR 2,190 million (2,184), thanks to the growth in revenues from service projects. Of the total net sales, Energy Solutions accounted for 20%, Marine Solutions for 35% and Services for 46%.

Of Wärtsilä’s net sales for January-December 2016, approximately 67% was EUR denominated, 20% USD denominated, with the remainder being split between several currencies.

Net sales by business
MEUR 10-12/2016 10-12/2015 Change 1-12/2016 1-12/2015 Change
Energy Solutions 414 374 11% 943 1 126 -16%
Marine Solutions 509 598 -15% 1 667 1 720 -3%
Services 636 619 3% 2 190 2 184 0%
Net sales, total 1 559 1 590 -2% 4 801 5 029 -5%

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