Wärtsilä’s net sales for the fourth quarter decreased by 7% to EUR 1,445 million (1,559), due to a more even distribution of deliveries in the second half of the year. Net sales from the Services business increased by 3% to EUR 654 million (636). Net sales for Energy Solutions increased by 3% to EUR 425 million (414). Marine Solutions’ net sales totalled EUR 366 million (509), which is 28% lower than in the corresponding quarter last year.
Wärtsilä’s net sales for January-December 2017 amounted to EUR 4,923 million (4,801), an increase of 3% over the corresponding period last year. Net sales from the Services business was solid at EUR 2,215 million (2,190). Increased revenues from long-term service agreements offset low volumes from service projects. Net sales for Energy Solutions totalled EUR 1,401 million (943), an increase of 48%. Marine Solutions’ net sales decreased by 22% to EUR 1,307 million (1,667). Of the total net sales, Services accounted for 45%, Energy Solutions for 28%, and Marine Solutions for 27%.
Of Wärtsilä’s net sales for January-December 2017, approximately 69% was EUR denominated, 18% USD denominated, with the remainder being split between several currencies.
Net sales by business | ||||||
MEUR | 10-12/2017 | 10-12/2016 | Change | 1-12/2017 | 1-12/2016 | Change |
Services | 654 | 636 | 3% | 2 215 | 2 190 | 1% |
Energy Solutions | 425 | 414 | 3% | 1 401 | 943 | 48% |
Marine Solutions | 366 | 509 | -28% | 1 307 | 1 667 | -22% |
Net sales, total | 1 445 | 1 559 | -7% | 4 923 | 4 801 | 3% |
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