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 2020, Wärtsilä’s net sales totalled EUR 4.6 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.

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

As of the second quarter of 2020, Marine Power, Marine Systems, Voyage, and Energy constitute the reportable segments of the group, while Portfolio Business continues to be reported as other business activities. Find more details about our markets here.

• Net sales EUR 4,604 million (5,170)
• Comparable operating result EUR 275 million (457)
• Order intake EUR 4,359 million (5,327)
• Order book at the end of the period EUR 5,057 million (5,878)

Read more in the Financial Statements Bulletin 2020

Personnel

Wärtsilä had 17,792 (18,795) employees at the end of December. On average, the number of personnel totalled 18,307 (19,110) during the period January-December. 

Marine Power employed 8,355 persons, Marine Systems 1,897, Voyage 1,915, Energy 4,888 and Portfolio Business 737 at the end of the year.

Of Wärtsilä’s total number of employees, 21% (20) were located in Finland and 41% (42) elsewhere in Europe. Personnel employed in Asia represented 22% (23) of the total, personnel in the Americas 11% (11), and personnel in other countries 5% (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.