Key credit figures

 

2018  2017* 
2016 2015 2014 2013 2012 2011 2010 2009 2008
Return on equity (ROE), % 16.1 16.0 15.6  20.2 18.0 21.4 20.1 17.5 25.0 29.2 30.8
Net interest-bearing loan capital 333 234
150  372 94 276 567 58 -165 414 455
Gearing 0.14 0.10 0.07  0.17 0.05 0.15 0.32 0.04 -0.09 0.28 0.39
Solvency, % 44.4 46.3 47.6  44.6 43.5 43.9 41.3 41.3 40.8 40.0 34.3

* Figures for 2017 have been restated due to the adoption of IFRS 15.

Credit programmes

The information below is from the Stock Exchange Release published on 25th October 2019. 

Wärtsilä had interest-bearing debt totalling EUR 1,365 million (874) at the end of September 2019. The increase is largely related to the inclusion of lease liabilities amounting to EUR 203 million on the balance sheet, as a result of the new IFRS 16 standard. At the end of December 2018, the interest-bearing debt totalled EUR 823 million. The total amount of short-term debt maturing within the next 12 months was EUR 333 million. Long-term loans amounted to EUR 1,031 million. Net interest-bearing debt totalled EUR 987 million (647). Gearing was 0.44 (0.28) and the solvency ratio was 39.4% (43.7).


Ratings

Wärtsilä has not issued bonds to the market and thus has never had a company rating available or analyst coverage for debt instruments.

© 2019 Wärtsilä