About Wärtsilä
About Wärtsilä

This is Wärtsilä

Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2018, Wärtsilä’s net sales totalled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.

Fast facts

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Our businesses

As of January 2019 Wärtsilä consists of two businesses; Marine Business and Energy Business. Services Business has been incorporated into Marine and Energy Businesses.

Marine Business

Wärtsilä Marine Business enhances the business of its marine and oil & gas industry customers by providing innovative products and integrated solutions that are safe, environmentally sustainable, efficient, flexible, and economically sound. 

Being a technology leader, and through the experience, know-how and dedication of its personnel, Wärtsilä is able to customise solutions that provide optimal benefits to its customers around the world.

Energy Business

Wärtsilä Energy Business is leading the transition towards a 100% renewable energy future. As an Energy System Integrator, we understand, design, build and serve optimal power systems for future generations. Wärtsilä’s solutions provide the needed flexibility to integrate renewables and secure power system reliability. Our offering comprises engine-based flexible power plants – including liquid gas systems – hybrid solar power plants, and energy storage and integration solutions. We support our customers over the lifecycle or their installations with services that enable increased efficiency and guaranteed performance. Wärtsilä has 70 GW of installed power plant capacity in 177 countries around the world.

Net sales by business 2017

Wärtsilä video

Wärtsilä's key figures in 2018

  • Net sales EUR 5,174 million (4,911)
  • Comparable operating result EUR 577 million (576)
  • Order intake EUR 6,307 million (5,644)
  • Order book 31 Dec 2018 EUR  6,166 million (5,100)

Wärtsilä Marine Solutions 2018 

  • Net sales EUR 1,232 million (1,104)
  • Order intake EUR 1,710 million (1,288)
  • Order book at the end of the period EUR 2,417 million (2,009)

Wärtsilä is the leading provider of ship machinery, propulsion and maneuvering solutions. Wärtsilä supplies engines and generating sets, reduction gears, propulsion equipment, control systems and sealing solutions for all types of vessels and offshore applications. Wärtsilä commands a strong position in all main marine segments as a supplier of highly rated ship machinery and systems.

Wärtsilä Energy Solutions 2018 

  • Net sales EUR 1,517 million (1,401)
  • Order intake EUR 1,511 million (1,685)
  • Order book at the end of the period EUR 1,871 million (1,871)

Wärtsilä is a leading supplier of power plants for the decentralised power generation market. Wärtsilä offers power plants for baseload, peaking and industrial self-generation purposes as well as for the oil and gas industry. The strengths of Wärtsilä power plants are their flexible design, high efficiency and low emission levels. In all main segments Wärtsilä holds a strong position.

Wärtsilä Services 2018 

  • Net sales EUR 2,426 million (2,407)
  • Order intake EUR 3,086 million (2,670)
  • Order book at the end of the period EUR 1,878 million (1,220)

Wärtsilä supports its customers throughout the lifecycle of their installations. Wärtsilä provides service, maintenance and reconditioning solutions both for ship machinery and power plants. In parallel with its main service operations Wärtsilä has launched innovative new services that support its customers’ business operations, such as service for multiple engine brands in key ports, predictive and condition based maintenance, and training.

Personnel

Wärtsilä had 19,294 employees at the end of December 2018. On average, the number of personnel for January-December 2018 totalled 18,899. Services employed 11,322 people, Energy Solutions 1,171, and Marine Solutions 5,995.

Of Wärtsilä’s total number of employees, 20% were located in Finland and  40% elsewhere in Europe. Personnel employed in Asia represented 24% of the total, personnel in the Americas 11%, and personnel in other countries 4%.

Sustainability

Wärtsilä has an important role in meeting the world’s increased demand for energy in a sustainable way. This is the cornerstone of our commitment to sustainability. Our sustainability approach is based on economic, environmental and social performance. We strive to improve our procedures and performance across a wide front. Our overriding focus is on ensuring profitability, providing environmentally sound products and services and ensuring responsible business conduct. See our sustainability pages for more information.

Code of conduct and ethical stance

Wärtsilä is committed to carrying out its business in a sustainable way. In order to promote the long-term interests of Wärtsilä and its stakeholders, the company strives to maintain the highest legal and ethical standards in all its business practices. See the code of conduct for more information about business and employee ethics.

© 2019 Wärtsilä