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Net sales

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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