Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve environmental and economic performance. Our dedicated and passionate team of 17,900 professionals in 199 locations in 78 countries shape the decarbonisation transformation of our industries across the globe.
In 2025, Wärtsilä’s net sales totalled EUR 6.9 billion. Wärtsilä is listed on Nasdaq Helsinki.
Effective from 1 April 2025, Wärtsilä have had three reporting segments: Wärtsilä Marine, Wärtsilä Energy, and Wärtsilä Energy Storage. Portfolio Business continues to be reported as other business activities. The change in the reporting structure has been reflected in Wärtsilä’s financial reporting starting from the second quarter of 2025.
Wärtsilä’s strong financial position and liquidity support our capital allocation principles and allow us to make strategic investments while offering solid dividends to our shareholders.
Wärtsilä introduced new combined financial targets for Marine and Energy, and separate new financial targets for the Energy Storage businesses on 1 April 2025.
Marine and Energy, combined financial targets
Energy Storage, financial targets
Group, financial targets
Operating margin targets are long term targets. In the short term, selective entry to new markets and related investments are expected to burden Energy Storage profitability.
Wärtsilä’s industry-leading service network is a key enabler for maximum uptime, reliability, and total lifecycle solutions, all of which ensure customer success. Our network provides preventive, responsive, and optimised service, as well as lifecycle upgrades and remote support throughout the lifecycle of an installation. With our over 3,500 quality field service professionals and technical experts around the globe, we can provide our customers with timely support wherever needed.
Wärtsilä has significant growth opportunities in all steps of the service value ladder. In transactional services, we support our customers by leveraging digital solutions for customer intelligence and automated lead management. In 2025, we decided to expand our main spare parts distribution centre by 40% to support the global growth of our services and enhance customer service efficiency.
Moving up the service value ladder, we deliver enhanced performance through optimised maintenance and performance-based service agreements, where we guarantee agreed performance levels by leveraging connectivity, big data, and analytics. The green transition is expected to represent a clear growth path for Wärtsilä.
In the Marine and Energy businesses, the agreement coverage rate of our installed base is around 30%, and in the Energy Storage business it is above 75%. We continue to identify clear opportunities for future growth. The renewal rate of service agreements for our Marine and Energy businesses exceeds 90%, demonstrating the value our lifecycle agreements create for our customers. Energy Storage's renewal-rate reporting will become feasible as the business’ existing service agreements mature.
At Wärtsilä, we believe that there will be a need for a broad array of solutions to decarbonise marine and energy. Different solutions will be used in different applications and in different geographies. There will be a gradual shift to new technologies, blending different types of fuel. Our in-house focus will remain on the development of core technologies. By partnering with technology providers in areas such as fuel cells, we can ensure a broad solution offering for our customers.
We continue to see strong synergies between marine and energy in research and development (R&D) and the manufacturing of new technologies. Throughout the decarbonisation transformation, we continue to invest ~4% of net sales in R&D. In 2025, we announced an expansion of Wärtsilä’s R&D testing capabilities at the Sustainable Technology Hub in Vaasa, Finland, thereby strengthening our capacity to test more sustainable fuels and meet the growing demand for sustainable technologies.
The roadshow presentation contains all the latest information about the company's development and activities. The material is updated quarterly with results materials and in connection with thematic calls.
