Open navigation

Note

Add a note?

Key figures
MEUR 7-9/2019 7-9/2018 Change 1-9/2019 1-9/2018 Change 2018
Order intake 979 1 372 -29% 3 772 4 433 -15% 6 307
of which services 679 640 6% 1 954 1 898 3% 2 598
Order book, end of period 6 294 5 918 6% 6 166
Net sales 1 118 1 330 -16% 3 486 3 642 -4% 5 174
of which services 578 571 1% 1 762 1 688 4% 2 419
Book-to-bill 0.88 1.03 1.08 1.22 1.22
Operating result 11 141 -92% 198 337 -41% 543
% of net sales 1.0 10.6 5.7 9.2 10.5
Comparable operating result1 39 141 -72% 254 352 -28% 577
% of net sales 3.5 10.6 7.3 9.7 11.2
Comparable adjusted EBITA2 49 152 -68% 285 384 -26% 621
% of net sales 4.4 11.5 8.2 10.5 12.0
Profit before taxes -0 130 -100% 162 308 -48% 502
Earnings/share, EUR -0.01 0.17 0.20 0.39 0.65
Cash flow from operating activities -61 122 -63 121 470
Net interest-bearing debt, end of period3 987 647 333
Gross capital expenditure 79 258 306
Gearing 0.44 0.28 0.14
Solvency, % 39.4 43.7 44.4
Personnel, end of period 19 018 19 420 -2% 19 294
1Items affecting comparability in the third quarter of 2019 included costs related primarily to restructuring programmes of EUR 28 million (0). During January-September, items affecting comparability amounted to EUR 56 million (15).
2Comparable adjusted EBITA excludes items affecting comparability and purchase price allocation amortisation.
3The increase in net interest-bearing debt is largely related to the inclusion of lease liabilities on balance sheet as a result of the new IFRS 16 standard.

As of the first quarter of 2019, Wärtsilä’s financial reporting has been amended to reflect its new organisational structure. The two business areas, Wärtsilä Marine Business and Wärtsilä Energy Business, constitute the reportable segments. Financial reporting for 2018 has been adjusted to reflect this change. In Wärtsilä Marine Business, order intake and net sales for retrofit scrubber projects have been transferred from services to new equipment. The comparison figures have been adjusted accordingly.

Wärtsilä presents certain alternative performance measures in accordance with the guidance issued by the European Securities and Markets Authority (ESMA). The definition of these alternative performance measures is presented in the calculations of financial ratios, at the end of this interim report.

Note

Add a note?

Note

Add a note?

Note

Add a note?