Wärtsilä’s strengths lie in our integrated services and solutions offering, data-driven innovations, close and long-standing customer relationships, and an unparalleled global presence.
Supporting our customers with lifecycle solutions
Our business model is based on providing the marine and energy markets with smart technologies and optimised lifecycle services. Our service activities represent nearly 50% of total net sales, which provides a good foundation for achieving the long-term target of profitable growth. The demand for Wärtsilä’s services is supported by the increasing technological sophistication of the installed equipment base. Digitalisation provides further opportunities to develop a value-adding customer offering. It also enables the leveraging of new technologies to build capabilities that will create a future offering with equipment-as-a-service.
A leader in smart technology for the marine and energy markets
The shift towards clean and flexible energy production, and the need for efficient and safe transportation, form the basis of our offering of smart solutions. As an industry frontrunner, we are well positioned to respond to the need for innovative and energy efficient solutions. Our digital transformation will provide increased customer value through an increased focus on collaboration and knowledge sharing. Continuously investing in research and development is vital for ensuring the competitiveness of our product portfolio, and for securing a leading position in sustainable innovation.
A capital-light business model emphasising increasing efficiency
Our manufacturing model is assembly-based, with shared production and R&D facilities. This creates flexibility in aligning operations to market conditions, and synergies in innovation processes. Achieving operational excellence by focusing on continuous process improvement throughout the organisation is a central pillar for reaching our financial targets.
Investing in technological leadership and providing shareholder returns
Our financial position enables investments in research and development activities and developing the business through acquisitions, thereby securing our future competitiveness. It also enables us to offer solid dividends to our shareholders.