Close

Operating result and profitability

The operating result for the review period January-March 2017 was EUR 80 million (83), which represents 7.9% of net sales (8.6). The comparable operating result was EUR 86 million (84), or 8.5% of net sales (8.7). Items affecting comparability in the first quarter of 2017 included costs related to ongoing restructuring programmes of EUR 6 million (1). The comparable adjusted EBITA was EUR 94 million (93), or 9.4% of net sales (9.6). Purchase price allocation amortisation amounted to EUR 9 million (9). Wärtsilä’s operating result was negatively affected by a provision of EUR 11 million related to long-term incentive schemes, which covers all three ongoing programmes. Wärtsilä’s long-term incentive schemes are tied to the development of the company's share price over a three-year period, and they apply to approximately 100 directors.

Financial items amounted to EUR -5 million (-3). Net interest totalled EUR -2 million (-3). Profit before taxes amounted to EUR 74 million (80). Taxes amounted to EUR 17 million (20), implying an effective tax rate of 23.5% (24.9). Earnings per share were 0.28 euro (0.30) and the equity per share was 10.62 euro (10.18). Return on investments (ROI) was 16.9% (20.5). Return on equity (ROE) was 16.9% (21.5).

Measures of profit and items affecting comparability
MEUR 1-3/2017 1-3/2016 2016
Comparable adjusted EBITA 94 93 618
Purchase price allocation amortisation -9 -9 -35
Comparable operating result 86 84 583
Items affecting comparability -6 -1 -51
Operating result 80 83 532

Note

Add a note?

Close

For the best experience of our Annual Report, please update your browser to a newer version.