Financial targets and achievements

Updated 22.2.2023

Wärtsilä introduced new financial targets on 17 November 2021.

Net sales

Net sales development 2022

TARGET
5% annual organic growth

DEVELOPMENT
In 2022, organic net sales growth was 18% and net sales amounted to EUR 5,842 million.

Profitability

Result development 2022

TARGET
12% operating margin

DEVELOPMENT
In 2022, operating result amounted to EUR -26 million, which represents -0.4% of net sales.

Capital structure

Gearing development 2022

TARGET
Gearing below 0.50

DEVELOPMENT
In 2022, gearing was 0.23.

Dividend

Dividend development 2022

TARGET
Distribute a dividend of at least 50% of earnings

DEVELOPMENT
The Board of Directors proposes that a dividend of EUR 0.26 per share be paid for the financial year 2022, representing -234.9% of operational earnings.