Wärtsilä reports stable 2012

Wartsila expects the shipbuilding market to remain challenging Wartsila expects the shipbuilding market to remain challenging
Industry Database

Global power solutions company, Wärtsilä, has reported a stable end to 2012 in its recently published ‘financial statements bulletin for December 2012’.

The company’s report revealed that, although 2012 was a fairly positive year, most of its highlights came in the fourth quarter. Wärtsilä saw its order intake increase by 9% to €4,940m, its net sales increase by 12% to €1,533m and order book increase by 12% to €4,492m.

Björn Rosengren, president and CEO, Wärtsilä, said: “I am pleased with our result for the year 2012, which was a year marked by difficult conditions in the global economy. Supported by a very strong fourth quarter, Wärtsilä's full year net sales grew by 12% with profitability at 10.9%. The order intake grew by 9%, with strong development in Ship Power orders, especially in the offshore markets.”

Despite the weak economic outlook, Wärtsilä expects its net sales for 2013 to grow by 0% to 10% and its operational profitability to be around 11%. It expects the power generation market to continue to be impacted by slow global growth projections and, while the shipping and shipbuilding market in 2013 looks uncertain, the company expects 2013 ordering activity to remain focussed on the emerging markets which continue to invest in new power generation capacity.

Mr Rosengren added: “Looking at 2013, the economic situation continues to be uncertain; however our outlook for the markets remains stable. Supported by the solid order book, we see some growth in net sales next year and believe we can maintain our profitability on approximately the same level as in 2012.”

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