Updated 23.2.2023
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017* | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on equity (ROE), % | -2.6 | 8.6 | 5.8 | 9.0 | 16.1 | 16.0 | 15.6 | 20.2 | 18.0 | 21.4 | 20.1 |
| Net interest-bearing loan capital | 481 | 4 | 394 | 726 | 333 | 234 | 150 | 372 | 94 | 276 | 567 |
| Gearing | 0.23 | 0.00 | 0.18 | 0.30 | 0.14 | 0.10 | 0.07 | 0.17 | 0.05 | 0.15 | 0.32 |
| Solvency, % | 35.3 | 38.6 | 38.1 | 40.8 | 44.4 | 46.3 | 47.6 | 44.6 | 43.5 | 43.9 | 41.3 |
* Figures for 2017 have been restated due to the adoption of IFRS 15.
Credit programmes
The information below is from the Financial Statements Bulletin 2022 published on 31 January 2023.
Wärtsilä had interest-bearing debt totalling EUR 949 million at the end of the period (973 at the end of 2021). The total amount of short-term debt maturing within the next 12 months was EUR 209 million. Long-term loans amounted to EUR 740 million.
Net interest-bearing debt totalled EUR 481 million (4 at the end of 2021). Gearing was 0.23 (0.00 at the end of 2021), while the solvency ratio was 35.3% (38.6 at the end of 2021). Equity per share was 3.62 euro (3.92 at the end of 2021).
Ratings
Wärtsilä has not issued bonds to the market and thus has never had a company rating available or analyst coverage for debt instruments.
