Toggle menu
Open navigation
Five years in figures
Wärtsilä provides certain financial performance measures, which are accounting measures that are not defined by IFRS. These alternative performance measures, such as comparable operating result, comparable adjusted EBITA, cash flow from operating activities, and gearing, are followed and used by management to measure the Group's performance and financial position. In addition, Wärtsilä's targets of financial performance are linked to for example comparable operating result and gearing. Thus, these alternative performance measures provide useful information to the capital markets.

The alternative performance measures should not be evaluated in isolation from the IFRS measures. The alternative performance measure calculation definitions are disclosed in section Calculations of financial ratios.
Restated
MEUR 2019 2018 2017* 2016 2015
Net sales 5 170 5 174 4 911 4 801 5 029
of which outside Finland % 98.5 98.9 97.7 97.5 97.8
Exports from Finland 1 933 2 145 1 953 1 804 1 936
Personnel on average 19 110 18 899 17 866 18 332 18 565
of which in Finland 3 868 3 766 3 521 3 482 3 580
Order book 5 878 6 166 5 100 4 696 4 882
From the consolidated statement of income
Depreciation, amortisation and impairment 180 130 134 138 124
Share of result of associates and joint ventures -9 13 13 14 17
Comparable operating result 457 577 576 583 612
as a percentage of net sales % 8.8 11.2 11.7 12.1 12.2
Operating result 362 543 538 532 587
as a percentage of net sales % 7.0 10.5 11.0 11.1 11.7
Comparable adjusted EBITA 498 621 612 618 643
as a percentage of net sales % 9.6 12.0 12.5 12.9 12.8
Financial income and expenses -47 -40 -47 -53 -34
Profit before taxes 315 502 491 479 553
as a percentage of net sales % 6.1 9.7 10.0 10.0 11.0
Profit for the financial period from the continuing operations 218 386 375 357 429
Profit for the financial period from the discontinued operations - - - - 22
Net profit for the financial period 218 386 375 357 451
as a percentage of net sales % 4.2 7.5 7.6 7.4 9.0
From the consolidated statement of financial position
Non-current assets 2 518 2 369 2 285 2 116 2 215
Current assets 3 797 3 690 3 363 3 275 3 374
Assets held for sale 82 - - - -
Total equity attributable to equity holders of the parent company 2 396 2 418 2 352 2 288 2 201
Non-controlling interests 14 14 24 34 41
Interest-bearing debt 1 096 823 619 629 724
Non-interest-bearing liabilities 2 824 2 804 2 653 2 441 2 623
Liabilities directly attributable to assets held for sale 68 - - - -
Total equity and liabilities 6 398 6 059 5 648 5 391 5 589
From the consolidated statement of cash flows
Cash flow from operating activities 232 470 430 613 255
Cash flow from investing activities -95 -240 -235 -126 -288
Cash flow from financing activities -256 -118 -278 -339 -210
Gross capital expenditure 122 306 255 146 346
as a percentage of net sales % 2.4 5.9 5.2 3.0 6.9
Research and development expenditure 164 165 141 131 132
as a percentage of net sales % 3.2 3.2 2.9 2.7 2.6
Dividends paid 284** 284 272 256 237
Financial ratios
Earnings per share (EPS), basic and diluted*** EUR 0.37 0.65 0.63 0.60 0.75
Dividend per share*** EUR 0.48** 0.48 0.46 0.43 0.40
Dividend per earnings % 130.8** 73.7 70.8 72.8 53.3
Interest coverage 7.7 10.8 11.8 18.6 15.9
Return on investment (ROI) % 11.5 18.1 18.5 17.1 21.0
Return on equity (ROE) % 9.0 16.1 16.0 15.6 20.2
Solvency ratio % 40.8 44.4 46.3 47.6 44.6
Gearing**** 0.30 0.14 0.10 0.07 0.17
Equity per share*** EUR 4.05 4.09 3.97 3.87 3.72
Working capital (WCAP) EUR 732 581 563 490 543
* Figures in the comparison period 2017 have been restated due to the adoption of IFRS 15.
** Proposal of the Board of Directors.
*** Share issue without payment (share split) approved by Wärtsilä Corporation’s Annual General Meeting on 8 March 2018 increased the total number of Wärtsilä shares to 591,723,390. Figures in the comparison periods have been restated accordingly.
**** Includes the cash and cash equivalents pertaining to assets held for sale.

Note

Add a note?

Note

Add a note?

Note

Add a note?

Note

Add a note?