The overall development for 2017 is expected to be relatively unchanged from the previous year. Demand by business area is anticipated to be as follows:
- Solid in Services with growth opportunities in selected regions and segments.
- Good in Energy Solutions, thanks to increasing electricity demand in the emerging markets and the global shift towards renewable energy sources, which will support the need for distributed, flexible, gas-fired power generation.
- Solid in Marine Solutions. Despite good order intake growth, the marine market environment remains challenging, as the merchant, gas carrier, and offshore segments continue to suffer from overcapacity and slow trade growth.
Wärtsilä’s current order book for 2017 deliveries is EUR 1,206 million (1,346). Wärtsilä will continue to focus on improving efficiency, which is expected to partially offset lower volumes in the marine markets. The pricing environment in Energy Solutions’ markets has stabilised, but the order book is still impacted by the competitive pressure seen in previous years. The good performance in Services is expected to continue.