Close

Order intake

Wärtsilä’s third quarter order intake totalled EUR 1,354 million (1,139), an increase of 19% over the corresponding period last year. The third quarter book-to-bill ratio was 1.15 (1.06).

Order intake for the Services business increased by 5% to EUR 550 million (522) in the third quarter, thanks to new and renewed long-term service agreements with customers in both end markets. Received orders included a maintenance agreement with GasLog LNG Services, covering eight LNG carriers operating on Wärtsilä dual-fuel engines.

Order intake for Energy Solutions totalled EUR 418 million (330) in the third quarter, which represents an increase of 26% from the corresponding period last year. Ordering activity continued to be strongest in Asia, where significant orders included nearly 800 MW of liquid fuel projects in Bangladesh and 180 MW of dual-fuel projects in Indonesia. In addition to traditional power generation solutions, Wärtsilä received a turnkey order to build a liquefied natural gas (LNG) receiving terminal, with a net storage capacity of 30,000 m3, in Hamina, Finland.

Marine Solutions’ third quarter order intake totalled EUR 387 million (287), an increase of 35% compared to the corresponding period last year. Orders received included a contract to supply the main engines and scrubbers to four cruise ships being built by Fincantieri for Norwegian Cruise Line. The cruise and ferry segment represented 36% of the third quarter order intake and the gas carrier segment accounted for 21%. The conventional merchant segment’s share was 17%. Special vessels represented 12%, navy 6%, and offshore 2% of the order intake. Other orders accounted for 5% of the total.

The total order intake for the review period January-September 2017 increased by 15% to EUR 4,130 million (3,604). The book-to-bill ratio for the review period was 1.19 (1.11). Services’ order intake totalled EUR 1,834 million (1,629), an increase of 13%. Energy Solutions’ order intake increased by 25% to EUR 1,184 million (947). Marine Solutions’ order intake increased by 8% to EUR 1,112 million (1,028).

Order intake by business
MEUR 7-9/2017 7-9/2016 Change 1-9/2017 1-9/2016 Change 2016
Services 550 522 5% 1 834 1 629 13% 2 194
Energy Solutions 418 330 26% 1 184 947 25% 1 448
Marine Solutions 387 287 35% 1 112 1 028 8% 1 285
Order intake, total 1 354 1 139 19% 4 130 3 604 15% 4 927
Order intake Energy Solutions
MW 7-9/2017 7-9/2016 Change 1-9/2017 1-9/2016 Change 2016
Oil 757 205 270% 1 445 1 503 -4% 1 929
Gas 284 465 -39% 1 411 1 053 34% 1 584
Order intake, total 1 041 670 55% 2 856 2 555 12% 3 513

 

Order intake in joint ventures

Order intake in the Wärtsilä Hyundai Engine Company Ltd joint venture company in South Korea, and in the Wärtsilä Qiyao Diesel Company Ltd and CSSC Wärtsilä Engine Company Ltd joint venture companies in China totalled EUR 56 million (57) during the review period January-September 2017. These companies’ results are reported as a share of the result of associates and joint ventures.

Note

Add a note?

Close

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