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Wärtsilä on the capital markets


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Wärtsilä’s Investor Relations (IR) team, consisting of the CEO, CFO, IR Director, and IR Officer, participated in approximately 300 investor meetings during 2017. The team also maintained regular contact with equity research analysts throughout the year.

Meetings were conducted in North America, the United Kingdom, continental Europe, and in the Nordic countries. The IR team also attended seven institutional investor conferences in Finland and abroad. In addition to one-on-one and group meetings, Wärtsilä hosted visits to its manufacturing sites in Trieste and Vaasa. During the year, Wärtsilä's foreign ownership represented 55.9% (55.0) of the total shareholder base. Investors in Sweden, the United Kingdom and the United States held the largest percentage of foreign shares.

During the year, Wärtsilä gave presentations at events aimed at domestic private investors. Such events included one hosted by the Finnish Foundation for Share Promotion and one for Helsingin Osakesäästäjät. In 2017, retail investors accounted for approximately 17.7% (18.4) of Wärtsilä's shareholder base.

Wärtsilä's Investor Relations policy

The ultimate objective of Wärtsilä's Investor Relations is to produce accurate, sufficient, and up-to-date information regarding the development of Wärtsilä's business operations, strategy, markets, and financial position. This is to ensure that the capital markets have the relevant information concerning Wärtsilä in order to determine the fair value of the Company's shares. To achieve this objective, Wärtsilä publishes annually two interim reports, a half-year financial report, a financial statements bulletin, an annual report, and stock exchange releases. Furthermore, Wärtsilä's management conducts regular discussions with analysts and investors, both in Finland and abroad. Wärtsilä's web pages serve as an archive for all current and historical data on factors affecting the value of its shares.


Guidance on Wärtsilä's prospects is published in the financial statements bulletin, in the half-year financial report, and in the interim reports. The most recently published prospects statement is repeated in the annual report. The published prospects consist of expectations regarding demand development in Wärtsilä's markets, which are approved by the Board of Directors. Wärtsilä does not publish quarterly result forecasts.

Should there be a change in business circumstances that could affect the prospects, Wärtsilä will publish changes to the prospects in accordance with prevailing regulations.

Analyst reports

Wärtsilä will review, upon request by an analyst, his or her earnings model or report only for factual accuracy, or information that is in the public domain. Wärtsilä does not comment on, or take any responsibility for, estimates or forecasts published by capital market representatives.

Silent period

Wärtsilä observes a three-week silent period preceding the publication of its results to prevent the revealing of unpublished financial information. During this period, the Company's representatives do not meet with investors or analysts or comment on its financial position.

Disclosure policy and financial communications

Wärtsilä discloses information on its goals, financial position, and business operations in an open, timely, truthful, and systematic manner so as to enable stakeholders to form a true and fair view of the Company. Wärtsilä publishes stock exchange releases, press releases, and trade press releases. Wärtsilä’s subsidiaries publish press releases with local relevance.

Matters that contain inside information and may have a material impact on the value of the Company’s financial instruments are published as stock exchange releases. Press releases contain information on events relating to Wärtsilä’s normal business operations, which are assessed to be of general interest for investors and media. Releases to the trade press provide more detailed information on Wärtsilä’s products and technologies. All stock exchange releases are published in Finnish, Swedish, and English. Press releases are published in English and can also be published in Finnish and Swedish. Trade press releases are published in English, and local releases in the local language. All releases are available on Wärtsilä's website immediately following publication.


Relations with the Company's investors and analysts are handled by IR Director Natalia Valtasaari, together with the IR team. General enquiries can be sent to investor.relations@wartsila.com.

Natalia Valtasaari
Director, Investor & Media Relations
Tel. +358 10 709 5637

Mari Hamarila
IR Officer
Tel. +358 50 364 3413

Wärtsilä's corporate communications are the responsibility of Atte Palomäki, Executive Vice President, Communications & Branding.

Atte Palomäki
Executive Vice President, Communications & Branding
Tel. +358 10 709 5599


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