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 2019, 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

Get a quick overview of Wärtsilä with regards to net sales, operating profit and major shareholders. [PDF link] »

Our businesses

Wärtsilä consists of two businesses: Marine Business and Energy Business. Services Business was incorporated into Marine and Energy Businesses as of January 2019. Find more details about our markets here.

Marine Business

Wärtsilä Marine Business is on a mission to create a Smart Marine Ecosystem – one in which the maritime industry uses only the cleanest available fuels. One where on-board power production is optimised, and routes are precision-planned to avoid navigational hazards, traffic congestion, and unexpected waiting times. Through our know-how, integrated product portfolio, and full lifecycle solutions – all supported by the market’s most extensive service network – we are committed to being the main driving force in sustainable shipping.

Energy Business

Wärtsilä Energy Business leads the transition towards a 100% renewable energy future. We help our customers unlock the value of the energy transition by optimising their energy systems and future-proofing their assets. Our offering comprises flexible power plants, energy management and storage systems, as well as lifecycle services that enable increased efficiency and guaranteed performance. Wärtsilä has delivered 72 GW of power plant capacity in 180 countries around the world. 

The year 2019

Net sales by business 2017

Wärtsilä video

Wärtsilä's key figures in 2019

  • Net sales EUR 5,170 million (5,174)
  • Comparable operating result EUR 457 million (577)
  • Order intake EUR 5,327 million (6,307)
  • Order book at the end of the period EUR 5,878 million (6,166)

Wärtsilä Marine Business 

  • Net sales EUR 3,330 million (2,815)
  • Order intake EUR 3,517 million (3,945)
  • Order book at the end of the period EUR 3,799 million (3,651)

Wärtsilä’s market presence, combined with having the broadest offering in the industry, enables us to understand the needs and requirements related to each of these segments – from initial vessel design choices to everyday operations, in each voyage and throughout the vessel’s lifecycle. We provide innovative and competitive hardware and software solutions, delivered efficiently and with high quality.

Our offering comprises engines, propulsion, exhaust gas cleaning systems, electrical solutions, seals and bearings, water and waste treatment, gas solutions, as well as automation, navigation, and communication systems, fleet operations solutions, ship traffic control, simulators and training, and lifecycle solutions.

Wärtsilä Energy Business 

  • Net sales EUR 1,840 million (2,359)
  • Order intake EUR 1,810 million (2,362)
  • Order book at the end of the period EUR 2,079 million (2,515)

Wärtsilä’s energy solutions are used for a wide variety of applications. These include baseload generation, capacity for grid stability, peaking and load-following generation, and optimisation of high renewable content power systems. We provide our customers with a comprehensive understanding of energy systems, including fully integrated assets and advanced software, complete with value adding lifecycle services.

Wärtsilä’s advanced gas and dual-fuel engine technology, optimised modular power plants, superior project management capabilities, and the global service support provided throughout the lifecycle of installations, have led to Wärtsilä holding a leading position in the gas and liquid fuel combustion engine power plant markets. 

Personnel

Wärtsilä had 18,795 (19,294) employees at the end of December. On average, the number of personnel totalled 19,110 (18,899) during the period January-December. Wärtsilä Marine employed 13,460 (13,582) people at the end of the period and Wärtsilä Energy 5,335 (5,712).

Of Wärtsilä’s total number of employees, 20% (20) were located in Finland and 42% (40) elsewhere in Europe. Personnel employed in Asia represented 23% (24) of the total, personnel in the Americas 11% (11), and personnel in other countries 4% (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.

© 2020 Wärtsilä