Open navigation

Note

Add a note?

Net sales and operating result

Wärtsilä’s net sales for the review period January-March 2019 increased by 8% to EUR 1,151 million (1,066) compared to the corresponding period last year. Wärtsilä Marine accounted for 64% of net sales and Wärtsilä Energy for 36%. Services related net sales increased by 7% to EUR 573 million (535). Adjusting for the effects of currency translation, Services related net sales increased by 5%. Of Wärtsilä’s net sales, approximately 65% was EUR denominated, 18% USD denominated, with the remainder being split between several currencies.

The operating result amounted to EUR 91 million (85), which represents 7.9% of net sales (8.0). The comparable operating result was EUR 102 million (88), or 8.9% of net sales (8.3). The improvement in profitability was primarily a result of a more favourable mix within services activities. Items affecting comparability included costs related to restructuring programmes of EUR 11 million (3). The comparable operating result for Wärtsilä Marine amounted to EUR 61 million (57) or 8.3% of net sales (9.3), while the comparable operating result for Wärtsilä Energy amounted to EUR 42 million (31) or 10.0% of net sales (6.8). The comparable adjusted EBITA was EUR 113 million (98), or 9.8% of net sales (9.2). Purchase price allocation amortisation amounted to EUR 11 million (10).

Financial items amounted to EUR -13 million (-9). Net interest totalled EUR -3 million (-2). Profit before taxes amounted to EUR 78 million (76). Taxes amounted to EUR 19 million (19), implying an effective tax rate of 24.8% (24.5). Earnings per share were 0.10 euro (0.10) and the equity per share was 3.79 euro (3.62). Return on investments (ROI) was 18.2% (19.7). Return on equity (ROE) was 17.5% (17.6).

 

Net sales and operating result by reporting segment
MEUR 1-3/2019 Restated
1-3/2018
Change Restated
2018
Net sales 1 151 1 066 8% 5 174
Marine 733 619 18% 2 815
Energy 418 447 -7% 2 359
Operating result 91 85 8% 543
Marine 55 55 0% 349
Energy 36 30 20% 194
Operating result, % of net sales 7.9 8.0 10.5
Marine 7.5 8.8 12.4
Energy 8.7 6.8 8.2
Comparable operating result 102 88 16% 577
Marine 61 57 6% 380
Energy 42 31 36% 197
Comparable operating result,
% of net sales
8.9 8.3 11.2
Marine 8.3 9.3 13.5
Energy 10.0 6.8 8.4

Note

Add a note?

Note

Add a note?

Note

Add a note?