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Third quarter burdened by project related challenges and low equipment demand – services activity remains sound

Highlights of the third quarter 2019

  • Order intake decreased 29% to EUR 979 million (1,372)
  • Net sales decreased 16% to EUR 1,118 million (1,330)
  • Book-to-bill amounted to 0.88 (1.03)
  • Comparable operating result decreased to EUR 39 million (141), which represents 3.5% of net sales (10.6).
  • Earnings per share decreased to -0.01 euro (0.17)
  • Cash flow from operating activities decreased to EUR -61 million (122)

Highlights of the review period January-September 2019

  • Order intake decreased 15% to EUR 3,772 million (4,433)
  • Order book at the end of the period increased 6% to EUR 6,294 million (5,918)
  • Net sales decreased 4% to EUR 3,486 million (3,642)
  • Book-to-bill amounted to 1.08 (1.22)
  • Comparable operating result decreased to EUR 254 million (352), which represents 7.3% of net sales (9.7)
  • Earnings per share decreased to 0.20 euro (0.39)
  • Cash flow from operating activities decreased to EUR -63 million (121)

As announced in September, Wärtsilä’s full-year operating result will be impacted by a one-time charge related to project cost overruns in the Marine and Energy Businesses amounting to EUR 150 million. Of the total amount, EUR 84 million was booked in the period January-September and EUR 65 million in the third quarter.

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