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

Wärtsilä Corporation
  • Stock exchange release
15 July 2011 at 3:00 PM E. Europe Standard Time

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%.

Wärtsilä’s order intake for the second quarter 2011 was solid, increasing by 5% to EUR 1,170 million and by 20% in relation to the previous quarter.

Wärtsilä Corporation's Interim Report for the period January-June will be published Wednesday 20th July 2011 at 8.30 a.m. Finnish time.

For further information, please contact:

Raimo Lind
Executive Vice President & CFO
Tel: +358 10 709 5640
raimo.lind@wartsila.com

 

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