Wärtsilä on the capital markets
Wärtsilä’s Investor Relations (IR) team, consisting of the CEO, CFO, IR Director, and IR Officer, participated in approximately 280 investor meetings during 2018. The team also maintained regular contact with equity research analysts throughout the year.
Meetings with institutional investors were conducted in North America, the United Kingdom, continental Europe, and in the Nordic countries. During the year, Wärtsilä’s IR team held roadshows on 21 days and attended eight investor conferences. During the year, Wärtsilä's foreign ownership represented 54.5% (55.9) of the total shareholder base. Investors in Sweden, the United Kingdom and the United States held the largest percentage of foreign shares.
Wärtsilä's Capital Markets Day was held in May in Helsinki. Presentation topics covered the company's strategic focus areas for the energy and marine businesses, and growth opportunities for the coming years. The event was well-appreciated by nearly 70 institutional investors, equity analysts, and bankers in attendance. A further 67 persons participated via webcast.
During the year, Wärtsilä gave presentations at events aimed at domestic private investors. Such events included two hosted by Inderes and Nordea. In 2018, retail investors accounted for approximately 17.9% (17.7) of Wärtsilä's shareholder base.
Wärtsilä's Investor Relations policy
The ultimate objective of Wärtsilä's Investor Relations is to produce accurate, sufficient, and up-to-date information regarding the development of Wärtsilä's business operations, strategy, markets, and financial position. This is to ensure that the capital markets have the relevant information concerning Wärtsilä in order to determine the fair value of the Company's shares. To achieve this objective, Wärtsilä publishes annually two interim reports, a half-year financial report, a financial statements bulletin, an annual report, and stock exchange releases. Furthermore, Wärtsilä's management conducts regular discussions with analysts and investors, both in Finland and abroad. Wärtsilä's web pages serve as an archive for all current and historical data on factors affecting the value of its shares.
Guidance on Wärtsilä's prospects is published in the financial statements bulletin, in the half-year financial report, and in the interim reports. The most recently published prospects statement is repeated in the annual report. The published prospect statement consists of expectations regarding demand development in Wärtsilä's markets, and it is approved by the Board of Directors. Wärtsilä does not publish quarterly result forecasts. Should there be a change in business circumstances that could affect the prospects, Wärtsilä will publish changes to the prospects in accordance with prevailing regulations.
Wärtsilä will review, upon request by an analyst, his or her earnings model or report only for factual accuracy, or information that is in the public domain. Wärtsilä does not comment on, or take any responsibility for, estimates or forecasts published by capital market representatives.
Wärtsilä observes a three-week silent period preceding the publication of its results to prevent the revealing of unpublished financial information. During this period, the Company's representatives do not meet with investors or analysts or comment on its financial position.
Disclosure policy and financial communications
Wärtsilä discloses information on its goals, financial position, and business operations in an open, timely, truthful, and systematic manner so as to enable stakeholders to form a true and fair view of the Company. Wärtsilä publishes stock exchange releases, press releases, and trade press releases. Wärtsilä’s subsidiaries publish press releases with local relevance.
Matters that contain inside information and may have a material impact on the value of the Company’s financial instruments are published as stock exchange releases. Press releases contain information on events relating to Wärtsilä’s normal business operations, which are assessed to be of general interest for investors and media. Releases to the trade press provide more detailed information on Wärtsilä’s products and technologies. All stock exchange releases are published in Finnish, Swedish, and English. Press releases are published in English and can also be published in Finnish and Swedish. Trade press releases are published in English, and local releases in the local language. All releases are available on Wärtsilä's website immediately following publication.
Relations with the Company's investors and analysts are handled by IR Director Natalia Valtasaari, together with the IR team. General enquiries can be sent to firstname.lastname@example.org.
Director, Investor Relations
Tel. +358 10 709 5637
Tel. +358 50 364 3413
Investor Relations Coordinator
Tel. +358 10 709 5445
Wärtsilä's corporate communications are the responsibility of Atte Palomäki, Executive Vice President, Communications & Branding.
Executive Vice President, Communications & Branding
Tel. +358 10 709 5599