Outlook

This is the prospects statement from the Stock Exchange Release published on October 25th, 2019.

Wärtsilä's prospects

The demand for Wärtsilä’s services and solutions in the coming 12 months is expected to be somewhat below that of the previous 12 months. Demand by business area is anticipated to be as follows:

• Soft in Wärtsilä Marine Business, due to lower vessel contracting volumes and a decline in the demand for scrubber solutions from last year’s exceptionally high level. Activity in the marine services market is expected to be stable.
• Weak in Wärtsilä Energy Business (downgraded from soft). Market conditions in the energy industry are challenging, as the rapidly changing energy landscape is creating uncertainty among customers. The geopolitical and economic environment is further slowing decision-making. The demand for energy services is expected to be stable.        

Wärtsilä’s current order book for 2019 deliveries is EUR 1,708 million (1,364), comprised mainly of equipment deliveries. The comparable operating result for the full year 2019 is expected to be approximately EUR 100 million lower than in the previous year (EUR 577 million in 2018). 

This is the prospects statement from the Stock Exchange Release published on July 18th, 2019.

Wärtsilä's prospects

The demand for Wärtsilä’s services and solutions in the coming 12 months is expected to be somewhat below that of the previous 12 months (previously in-line). Demand by business area is anticipated to be as follows:

• Soft in Wärtsilä Marine Business. The demand outlook has been downgraded from solid, due to lower vessel contracting volumes and an anticipated decline in the demand for scrubber solutions from last year’s exceptionally high level. Activity in the marine services market is expected to continue.
• Soft in Wärtsilä Energy Business. The demand outlook has been downgraded from solid, as market conditions in the energy industry remain challenging, with geopolitical risks and economic uncertainty affecting customers’ appetite for investments. The demand for energy services remains healthy.

Wärtsilä’s current order book for 2019 deliveries is EUR 2,613 million (2,336). Deliveries are expected to be concentrated to the last quarter of the year.

This is the prospects statement from the Stock Exchange Release published on April 25th, 2019.

Wärtsilä's prospects

The demand for Wärtsilä’s services and solutions in the coming twelve months is expected to be in line with the comparative period of the previous year. Demand by business area is anticipated to be as follows:

• Solid in Wärtsilä Marine Business. Wärtsilä's demand outlook for both services and equipment is supported by an extensive product mix and broad segment coverage, which limits the impact of a slower than anticipated marine market recovery.
• Solid in Wärtsilä Energy Business. The global shift towards renewable energy sources and increasing electricity demand in the emerging markets support the need for distributed and flexible power capacity. However, geopolitical risks and global uncertainty continue to affect customers’ appetite for investments. The services market outlook is supported by growth opportunities in selected regions and segments and by good order book development.

Wärtsilä’s current order book for 2019 deliveries is EUR 3,287 million (2,951). Deliveries are expected to be concentrated towards the latter part of the year.


This is the prospects statement from the Stock Exchange Release published on January 30th, 2019.

Wärtsilä's prospects for 2019
The demand for Wärtsilä’s services and solutions in 2019 is expected to be in line with the previous year. Demand by business area is anticipated to be as follows:

• Solid in Wärtsilä Energy Business. The global shift towards renewable energy sources and increasing electricity demand in the emerging markets create a need for distributed and flexible power capacity.
• Solid in Wärtsilä Marine Business. Wärtsilä’s demand outlook is supported by its extensive product and service offering and broad segment exposure, which compensates for the slow pace of recovery in vessel contracting.

Wärtsilä’s current order book for 2019 deliveries is EUR 3,696 million (3,207). Deliveries are expected to be concentrated to the latter part of the year.

This is the prospects statement from the Stock Exchange Release published on October 23rd, 2018.

Wärtsilä's prospects for 2018
The demand for Wärtsilä’s services and solutions in 2018 is expected to improve somewhat from the previous year. Demand by business area is anticipated to be as follows:

• Solid in Services (lowered from good). Although there are growth opportunities in selected regions and segments, the development of transactional service volumes has been slower than anticipated.
• Good in Energy Solutions. The global shift towards renewable energy sources and increasing electricity demand in the emerging markets are supporting the need for distributed and flexible power capacity, including gas-fired generation, energy storage, and smart integration technology.
• Good in Marine Solutions. Wärtsilä’s demand outlook is supported by its extensive product mix and broad segment exposure, which compensates for the slow pace of recovery in overall vessel contracting.

Wärtsilä’s current order book for 2018 deliveries is EUR 1,364 million (1,206) and is comprised mainly of equipment deliveries. Services’ business is largely transactional, with only around 30% of its annual net sales coming from the order book.

This is the prospects statement from the Stock Exchange Release published on July 19th, 2018.

Wärtsilä's prospects for 2018
The demand for Wärtsilä’s services and solutions in 2018 is expected to improve somewhat from the previous year. Demand by business area is anticipated to be as follows:

This is the prospects statement from the Stock Exchange Release published on October 25th, 2017.

Wärtsilä's prospects for 2017
The overall development for 2017 is expected to be relatively unchanged from the previous year. Demand by business area is anticipated to be as follows:

• Solid in Services with growth opportunities in selected regions and segments.
• Good in Energy Solutions, thanks to increasing electricity demand in the emerging markets and the global shift towards renewable energy sources, which will support the need for distributed, flexible, gas-fired power generation.
• Solid in Marine Solutions. Despite good order intake growth, the marine market environment remains challenging, as the merchant, gas carrier, and offshore segments continue to suffer from overcapacity and slow trade growth.
  

Wärtsilä’s current order book for 2017 deliveries is EUR 1,206 million (1,346). Wärtsilä will continue to focus on improving efficiency, which is expected to partially offset lower volumes in the marine markets. The pricing environment in Energy Solutions’ markets has stabilised, but the order book is still impacted by the competitive pressure seen in previous years. The good performance in Services is expected to continue.


This is the prospects statement from the Stock Exchange Release published on July 20th, 2017.

Wärtsilä's prospects for 2017
Wärtsilä's overall development in 2017 is expected to be relatively unchanged from the previous year. Demand by business area is anticipated to be as follows:

• Solid in Services with growth opportunities in selected regions and segments.
• Good in Energy Solutions, thanks to increasing electricity demand in the emerging markets and the global shift towards renewable energy sources, which will support the need for distributed, flexible, gas-fired power generation.
• Solid in Marine Solutions (raised from soft), thanks to a favourable vessel contracting mix. The general marine market environment remains challenging, as the merchant, gas carrier, and offshore segments continue to suffer from overcapacity, slow trade growth, and the financial constraints of customers.

Wärtsilä’s current order book for 2017 deliveries is EUR 2,087 million (2,061). Wärtsilä will continue to focus on improving efficiency, which is expected to partially offset lower volumes in the marine markets. The pricing environment in Energy Solutions’ markets has stabilised, but the order book is still impacted by the competitive pressure seen in previous years. The good performance in Services is expected to continue.


This is the prospects statement from the Stock Exchange Release published on April 26th, 2017.

Wärtsilä's prospects for 2017
The overall demand for Wärtsilä’s services and solutions in 2017 is expected to be relatively unchanged from the previous year. Demand by business area is anticipated to be as follows:

• Solid in Services with growth opportunities in selected regions and segments.
• Good in Energy Solutions (previously solid), thanks to increasing electricity demand in the emerging markets and the global shift towards renewable energy sources, which will support the need for distributed, flexible, gas-fired power generation.
• Soft in Marine Solutions. Although the outlook for the cruise and ferry segment is positive, the merchant, gas carrier, and offshore segments continue to suffer from overcapacity, slow trade growth, and the financial constraints of customers.

Wärtsilä’s current order book for 2017 deliveries is EUR 2,744 million (2,681), which mainly comprises Marine Solutions’ and Energy Solutions’ deliveries. Wärtsilä will continue to focus on improving efficiency, which is expected to partially offset lower volumes in the marine markets. The pricing environment in Energy Solutions’ markets has stabilised, but the order book is still impacted by the competitive pressure seen in previous years. The good performance in Services is expected to continue.


This is the prospects statement from the Stock Exchange Release published on January 27th, 2017.

Wärtsilä's prospects for 2017
As of 2017, Wärtsilä has changed its guidance policy to be consistent with general industry practice. Wärtsilä has discontinued providing numerical financial guidance on net sales and operating result developments. Instead, Wärtsilä's prospects statement is based on expectations regarding demand development in its markets. Wärtsilä will continue to provide certain financial information, including the order book for current year deliveries, as well as information on key matters that may affect profitability.

The overall demand for Wärtsilä’s services and solutions in 2017 is expected to be relatively unchanged from the previous year. Demand by business area is anticipated to develop as follows:

• Solid in Services with growth opportunities in selected regions and segments.
• Solid in Energy Solutions, thanks to growth in electricity demand in the emerging markets and the global shift towards renewable energy sources, which will support the need for distributed, flexible, gas fired power generation.
• Soft in Marine Solutions. Although the outlook for the cruise and ferry segment is positive, the merchant, gas carrier, and offshore segments continue to suffer from overcapacity, slow trade growth and customers’ financial constraints.

Wärtsilä’s current order book for 2017 deliveries is EUR 3,143 million (3,097), which mainly comprises Marine Solutions and Energy Solutions’ deliveries. Wärtsilä will continue to focus on improving efficiency, which is expected to partially offset lower volumes in the marine markets. The pricing environment in Energy Solutions’ markets has stabilised, but the order book is still impacted by the competitive pressure seen in previous years. The good performance in Services is expected to continue.

This is the prospects statement from the Stock Exchange Release published on 25th October, 2016.

Wärtsilä's prospects for 2016
Wärtsilä revised its prospects on 12 October 2016. Wärtsilä now expects its net sales to decline by around 5% and its profitability (comparable operating result as a percent of net sales) to be around 12%. Previously Wärtsilä expected its net sales to grow by 0-5% and its profitability to be 12.5-13.0%.


This is the prospects statement from the Stock Exchange Release published on 12th October, 2016.

Wärtsilä estimates net sales and profitability for 2016 to be lower than previously expected
Wärtsilä revises its sales and profitability guidance for 2016, due to lower than anticipated power plant deliveries in the current year. Wärtsilä now expects its net sales to decline by around 5% and its profitability (comparable operating result as a percent of net sales) to be around 12%. Based on delivery schedules, sales and profitability is expected to be concentrated towards the fourth quarter.

Previously Wärtsilä expected its net sales to grow by 0-5% and its profitability to be 12.5-13.0%.


This is the prospects statement from the Stock Exchange Release published on July 20th, 2016.

Wärtsilä's prospects for 2016 unchanged
Wärtsilä expects its net sales for 2016 to grow by 0-5% and its profitability (comparable operating result as a percent of net sales) to be 12.5-13.0%.


This is the prospects statement from the Stock Exchange Release published on April 21st, 2016.

Wärtsilä's prospects for 2016 unchanged
Wärtsilä expects its net sales for 2016 to grow by 0-5% and its profitability (comparable operating result as a percent of net sales) to be 12.5-13.0%.
 

This is the prospects statement from the Stock Exchange Release published on January 27th, 2016.

Wärtsilä's prospects for 2016
Wärtsilä expects its net sales for 2016 to grow by 0-5% and its operational profitability (EBIT% before non-recurring items) to be 12.5-13.0%.

This is the prospects statement from the Stock Exchange Release published on October 22nd, 2015.

Wärtsilä's prospects for 2015 unchanged

Wärtsilä expects its net sales for 2015 to grow by 5-10% and its operational profitability (EBIT% before non-recurring items) to be 12.0-12.5%. This guidance includes the impact of the L-3 Marine Systems International (MSI) acquisition. MSI is expected to contribute approximately EUR 250 million to net sales and EUR 9 million to the operating result during 2015. Excluding purchase price allocation amortisation, MSI’s operating result is estimated to reach EUR 16 million.


This is the prospects statement from the Stock Exchange Release published on July 17th, 2015.

Wärtsilä's prospects for 2015 revised

Wärtsilä expects its net sales for 2015 to grow by 5-10% and its operational profitability (EBIT% before non-recurring items) to be 12.0-12.5%. The guidance includes the impact of the L-3 Marine Systems International (MSI) acquisition. MSI is expected to contribute approximately EUR 250 million to sales and EUR 9 million to the operating result during 2015. Excluding purchase price allocation amortisation, MSI’s operating result is estimated to reach EUR 16 million.

Previously Wärtsilä expected its net sales to grow by 0-10% and its operational profitability (EBIT% before non-recurring items) to be 12.0-12.5%, excluding the impact of the MSI acquisition.


This is the prospects statement from the Stock Exchange Release published on April 23rd, 2015.

Wärtsilä's prospects for 2015 unchanged

Wärtsilä expects its net sales for 2015 to grow by 0-10% and its operational profitability (EBIT% before nonrecurring items) to be between 12.0-12.5%. The guidance excludes the impact of the L-3 Marine Systems International acquisition.


This is the prospects statement from the Stock Exchange Release published on January 29th, 2015.

Wärtsilä's prospects for 2015

Wärtsilä expects its net sales for 2015 to grow by 0-10% and its operational profitability (EBIT% before nonrecurring items) to be between 12.0-12.5%. The guidance excludes the impact of the L-3 Marine Systems International acquisition.

This is the prospects statement from the Stock Exchange Release published on October 23rd, 2014.

Wärtsilä's prospects for 2014 revised

Wärtsilä estimates its profitability for 2014 (EBIT% before non-recurring items) to be 11.5-12.0%. Previously profitability was expected to be around 11.5%. Wärtsilä reiterates its expectation that net sales will grow by around 5%.


This is the prospects statement from the Stock Exchange Release published on July 18th, 2014.

Wärtsilä's prospects for 2014 revised

Wärtsilä estimates its profitability for 2014 (EBIT% before non-recurring items) to be around 11.5%, due to the two-stroke business transaction. Net sales are expected to grow by around 5%.

Previously Wärtsilä expected its net sales to grow by 0-10% and its operational profitability (EBIT% before non-recurring items) to be around 11%.


This is the prospects statement from the Stock Exchange Release published on April 24th, 2014.

Wärtsiläs prospects for 2014 unchanged

Wärtsilä expects its net sales for 2014 to grow by 0-10% and its operational profitability (EBIT% before non-recurring items) to be around 11%.


This is the prospects statement from the Stock Exchange Release published on January 29th, 2014. 

Wärtsiläs prospects for 2014

Wärtsilä expects its net sales for 2014 to grow by 0-10% and its operational profitability (EBIT% before non-recurring items) to be around 11%.

This is the prospects statement from the Stock Exchange Release published on October 24th, 2013.

Wärtsiläs prospects for 2013 revised

Wärtsilä specifies its net sales prospects for 2013. Based on the current order book, net sales for 2013 is expected to grow by 0-5%. Previously, Wärtsilä estimated that its net sales would grow by 0-10%. Wärtsilä reiterates its expectations that operational profitability (EBIT% before non-recurring items) will be around 11%.

This is the prospects statement from the Stock Exchange Release published on July 18h, 2013.

Wärtsiläs prospects for 2013 unchanged

Wärtsilä expects its net sales for 2013 to grow by 0-10% and its operational profitability (EBIT% before non-recurring items) to be around 11%.

This is the prospects statement from the Stock Exchange Release published on April 18h, 2013.

Wärtsiläs prospects for 2013 unchanged

Wärtsilä expects its net sales for 2013 to grow by 0-10% and its operational profitability (EBIT% before non-recurring items) to be around 11%.

This is the prospects statement from the Stock Exchange Release published on January 25th, 2013.

Prospects for 2013

Wärtsilä expects its net sales for 2013 to grow by 0-10% and its operational profitability (EBIT% before non-recurring items) to be around 11%.

This is the prospects statement from the Stock Exchange Release published on January 25th, 2013.

Prospects for 2013
Wärtsilä expects its net sales for 2013 to grow by 0-10% and its operational profitability (EBIT% before non-recurring items) to be around 11%.


This is the prospects statement from the Stock Exchange Release published on October 17th, 2012.

Wärtsilä's prospects for 2012 revised
Wärtsilä expects its net sales for 2012 to grow by 10-15% (previously 5-10%) and its operational profitability (EBIT% before non-recurring items) to be 10.5-11% (previously 10-11%).


This is the prospects statement from the Stock Exchange Release published on July 18th, 2012.

Wärtsilä's prospects for 2012 reiterated
Wärtsilä expects its net sales for 2012 to grow by 5-10% and its operational profitability (EBIT% before non-recurring items) to be 10-11%.


This is the prospects statement from the Stock Exchange Release published on April 20th, 2012.

Wärtsilä's prospects for 2012 reiterated
Wärtsilä expects its net sales for 2012 to grow by 5-10% and its operational profitability (EBIT% before non-recurring items) to be 10-11%.

This is the prospects statement from the Stock Exchange Release published on October 19th, 2011.

Wärtsilä's prospects for 2011 reiterated

Wärtsilä expects its net sales for 2011 to decline by 0-5% compared to last year and operational profitability (EBIT% before nonrecurring items) to be around 11%.


This is the prospects statement from the Stock Exchange Release published on July 20th, 2011.

Wärtsilä's prospects for 2011 revised

Due to weaker than expected marine service markets and the timing of power plant deliveries, Wärtsilä expects its net sales for 2011 to decline by 0-5% compared to last year. We reiterate our expectation that operational profitability (EBIT% before nonrecurring items) will be around 11%.


This is the prospects statement from the Stock Exchange Release published on July 15th, 2011.

Wärtsilä’s net sales for 2011 estimated to decline by 0-5%

Wärtsilä Corporation revises its prospects for 2011. Wärtsilä expects its net sales for 2011 to decline by 0-5% compared to last year due to weaker than expected marine service markets and the timing of power plant deliveries. Wärtsilä has previously estimated net sales for 2011 to grow by 3-5%.

Wärtsilä reiterates its expectation that operational profitability (EBIT% before nonrecurring items) will be around 11%.


This is the prospects statement from the Stock Exchange Release published on April 20th, 2011.

Wärtsilä's prospects for 2011 reiterated

Wärtsilä expects its net sales for 2011 to grow by 3-5% and operational profitability (EBIT% before nonrecurring items) to be around 11%.


This is the prospects statement from the Stock Exchange Release published on January 28th, 2011.

Wärtsilä's prospects for 2011

Wärtsilä expects its net sales for 2011 to grow 3-5% and operational profitability (EBIT% before nonrecurring items) to be around 11%.

This is the prospects statement from the Stock Exchange Release published on October 20th, 2010.

Wärtsilä's prospects for 2010 improved

Based on the current order book and a stable service business we expect net sales to decline by approximately 15 percent in 2010 and our operational profitability (EBIT% before nonrecurring items) to be better than earlier expected and to exceed 10%. 


This is the prospects statement from the Stock Exchange Release published on July 21st, 2010.

Wärtsilä's prospects for 2010 reiterated 

Based on the current order book, a stable service business and proper adaptation of capacity we expect net sales to decline by 10-20 percent in 2010 and our operational profitability (EBIT% before nonrecurring items) to be between 9-10%, well within the upper end of our long-term target range.


This is the prospects statement from the Stock Exchange Release published on April 23rd, 2010. 

Wärtsilä's prospects for 2010 reiterated

Due to the weakness of the shipbuilding sector we expect net sales to decline by 10-20 percent in 2010. As a result of a stable service business, good demand for power plants and proper adaptation of capacity, our operational profitability (EBIT% before nonrecurring items) should be between 9-10%, well within the upper end of our long-term target range. 


This is the prospects statement from the Stock Exchange Release published on January 28th, 2010.

Wärtsilä's prospects for 2010
 
Due to the weakness of the shipbuilding sector we expect net sales to decline by 10-20 percent in 2010. As a result of a stable service business, good demand for power plants and proper adaptation of capacity, our operational profitability (EBIT% before nonrecurring items) should be between 9-10 %, well within the upper end of our long-term target range.

This is the prospects statement from the Stock Exchange Release published on October 22nd, 2009.

Wärtsilä's prospects for 2009 reiterated

Despite the risk of cancellations and the nonrecurring restructuring items booked in the second quarter, the order book for 2009 should support a 10-20 percent growth in net sales for 2009, which would maintain the profitability at last year’s good level.


This is the prospects statement from the Stock Exchange Release published on July 22nd, 2009. 

Wärtsilä’s prospects for 2009 reiterated
 
Despite the risk of cancellations and the nonrecurring restructuring items booked in the second quarter, the substantial order book at the end of the year should support a 10-20 percent growth in net sales for 2009, which would maintain the profitability at last year’s good level.


This is the prospects statement from the Stock Exchange Release published on April 24th, 2009. 

Wärtsilä's prospects for 2009 reiterated

Despite the risk of cancellations, the substantial order book at the end of the year should support a 10-20 percent growth in net sales for 2009, which would maintain the profitability at last year’s good level.


This is the prospects statement from the Stock Exchange Release published on January 30th, 2009.

Wärtsilä's prospects for 2009
 
Despite the risk of cancellations, the substantial order book at the end of the year should support a 10-20 percent growth in net sales for 2009, which would maintain the profitability at last year’s good level.

This is the prospects statement from the Stock Exchange Releases published on April 25th, July 24th and October 24th 2008.

Wärtsilä's prospects for 2008 reiterated

Based on the strong order book, Wärtsilä’s net sales are expected to grow by about 25% in 2008. Wärtsilä’s profitability varies considerably from one quarter to another. The full-year operating margin will exceed 11%.


This is the prospects statement from the Stock Exchange Release published on February 5th, 2008

Wärtsilä's prospects in 2008

Based on the strong order book, Wärtsilä’s net sales are expected to grow by about 25% in 2008. Profitability will exceed 11%. Wärtsilä’s profitability varies considerably from one quarter to another. This pattern will repeat itself during the current year. The first quarter is likely to be the weakest and the last quarter the best.

This is the prospects statement from the Stock Exchange Release published on October 30th, 2007

Wärtsilä's prospects in 2007

Demand in the ship power and energy markets looks likely to remain active for Wärtsilä for the next two quarters. Based on the strong order book, Wärtsilä’s net sales are expected to grow this year by around 15%. Full year profitability will exceed 9%. Wärtsilä sees further possibilities for growth in 2008.


This is the prospects statement from the Stock Exchange Release published on August 3rd and May 4th, 2007

Wärtsilä's prospects in 2007

Demand in the ship power and energy markets looks likely to remain active for Wärtsilä for the next two quarters. Based on the strong order book, Wärtsilä’s net sales are expected to grow this year by around 15%. Profitability will exceed 9%. Wärtsilä’s profitability varies considerably between the quarters as will be the case also this year. Wärtsilä sees further possibilities for growth in 2008.


This is the prospects statement from the Stock Exchange Release published on February 6th, 2007

Wärtsilä's prospects in 2007

Demand in the ship power and energy markets looks likely to remain active for Wärtsilä for at least the first half of 2007. Based on the strong order book, Wärtsilä’s net sales are expected to grow this year by around 15%. Profitability will exceed 9%. Wärtsilä sees further possibilities for growth in 2008.

This is the prospects statement from the Stock Exchange Release published on October 31th, 2006

Wärtsilä's prospects in 2006 and 2007

Demand in the ship power and energy markets looks likely to remain favourable for Wärtsilä for at least the following six months. Based on the strong order book Wärtsilä’s net sales are expected to grow this year over 20%. The profitability level reached in 2005 will remain. Wärtsilä´s net sales for 2007 are estimated to grow by approximately 10-15% compared to net sales in 2006 based on the strong order book and the lively ordering activity. The capacity increase, available from mid-2007, will make further growth possible in 2008.


This is the prospects statement from the Stock Exchange Release published on August 4th, 2006

Wärtsilä's prospects in 2006 unchanged

Wärtsilä maintains its forecast for 2006 unchanged. Demand in the ship power and energy markets looks likely to remain favourable for Wärtsilä for at least the following six months. Based on the strong order book Wärtsilä’s net sales are expected to grow this year by as much as 20%. The profitability level reached in 2005 will remain.

Wärtsiläs prospects in 2007

Wärtsilä´s net sales for 2007 are estimated to grow by approximately 10-15% compared to net sales 2006 based on the strong order book and the lively ordering activity. The capacity increase, available from mid-2007, will make further growth possible in 2008.


This is the prospects statement from the Stock Exchange Release published on June 16th, 2006

Wärtsilä´s order intake rose by 39% in April-May - Net sales for 2007 estimated to grow by 10-15% 

Wärtsilä’s order intake in April - May rose by approximately 39% compared to the same months last year, i.e. to EUR 647 million (464). For the Ship Power business the order intake was about EUR 381 million (218), for the Power Plants business roughly EUR 144 million (50), and for the Services business EUR 122 million (196). The order book at the end of May 2006 was EUR 3,541 million (2,099).

Wärtsilä maintains its forecast for 2006 unchanged. Net sales are expected to grow this year approximately 20%. The profitability level reached in 2005 will remain.

Wärtsilä´s net sales for 2007 are estimated to grow by approximately 10-15% compared to net sales 2006 based on the strong order book and the lively ordering activity. Capacity increase, available mid 2007, makes further growth possible in 2008.


This is the prospects statement from the Stock Exchange Release published on May 4th, 2006

Wärtsilä's prospects in 2006

Wärtsilä maintains its forecast for the year unchanged. Demand in the ship power and energy markets looks likely to remain favourable for Wärtsilä for at least the following six months. Based on the strong order book Wärtsilä’s net sales are expected to grow this year by as much as 20%.

The profitability level reached in 2005 will remain. Wärtsilä’s profitability varies considerably from one quarter to another. This pattern will repeat itself again during the current year. The first quarter, like last year, is likely to be the weakest, and the last quarter the best. Net sales are expected to show further growth in 2007.