Operating environment, order intake, and order book
Demand for Wärtsilä’s services and solutions during the period January-December 2019 was below that of the previous year. In the marine markets, equipment order intake was affected by fewer orders received for scrubber solutions and by the weak contracting environment in certain vessel segments. Delayed investment decisions burdened activity in the energy market throughout the year. The demand for services was, however, sound in both end-markets.
Wärtsilä’s fourth quarter order intake totalled EUR 1,555 million (1,874), a decrease of 17% compared to the corresponding period last year. The book-to-bill ratio was 0.92 (1.22). Wärtsilä Marine accounted for 61% of the order intake and Wärtsilä Energy for 39%. Services related order intake increased by 3% to EUR 722 million (700).
Wärtsilä’s January-December order intake decreased by 16% to EUR 5,327 million (6,307) from the previous year, due to fewer equipment orders in both businesses. The book-to-bill ratio was 1.03 (1.22). Wärtsilä Marine accounted for 66% of the order intake and Wärtsilä Energy for 34%. Services related order intake increased by 3% to EUR 2,676 million (2,598).
The total order book at the end of December decreased by 5% to EUR 5,878 million (6,166). Wärtsilä Marine accounted for 65% of the order book and Wärtsilä Energy for 35%.
|Order intake and order book by reporting segment|
|Order intake||1 555||1 874||-17%||5 327||6 307||-16%|
|Marine||951||1 031||-8%||3 517||3 945||-11%|
|Energy||604||843||-28%||1 810||2 362||-23%|
|Order book, end of period||5 878||6 166||-5%|
|Marine||3 799||3 651||4%|
|Energy||2 079||2 515||-17%|