X
MenuClose
Open navigation

Balance sheet, financing and cash flow

Note

Add a note?

Wärtsilä’s second quarter cash flow from operating activities amounted to EUR 41 million (2). For January-June 2018, the operating cash flow totalled EUR -1 million (3). Working capital increased in preparation for deliveries in the latter part of the year. At the end of the review period, working capital totalled EUR 790 million (658), an increase of EUR 64 million from the end of the previous quarter. Advances received at the end of the period totalled EUR 563 million (525). At the end of the previous quarter, advances totalled EUR 582 million. Cash and cash equivalents at the end of the period amounted to EUR 245 million (332) and unutilised Committed Credit Facilities totalled EUR 640 million (640).

Wärtsilä had interest-bearing debt totalling EUR 893 million (637) at the end of June 2018. At the end of December 2017, the interest-bearing debt totalled EUR 619 million. The total amount of short-term debt maturing within the next 12 months was EUR 135 million. Long-term loans amounted to EUR 758 million. Net interest-bearing debt totalled EUR 642 million (299) and gearing was 0.29 (0.14).

Liquidity preparedness
MEUR 30.6.2018 31.12.2017
Cash and cash equivalents 245 379
Unutilised committed credit facilities 640 765
Liquidity preparedness 885 1 144
% of net sales (rolling 12 months) 18 23
Less Commercial Papers 55 -
Liquidity preparedness excluding Commercial Papers 830 1 144
% of net sales (rolling 12 months) 17 23
On 30 June 2018, the average maturity of the total loan portfolio was 50 months and the average maturity of the long-term debt was 54 months.

Note

Add a note?

Note

Add a note?