Wärtsilä as an investment


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.

 

Wärtsilä's business environment

Wärtsilä has had three reporting segments since 1 April 2025: Wärtsilä Marine, Wärtsilä Energy, and Wärtsilä Energy Storage. The Portfolio Business was reported under Other business activities.

On 1 June 2026, Wärtsilä announced that it had completed the divestments of its Portfolio Businesses, and with the completion of the latest transactions, Wärtsilä Portfolio Business no longer has any remaining business activities.

On 15 June 2026, Wärtsilä announced the establishment of a joint venture for its Energy Storage business, and in the second quarter of 2026 Wärtsilä Energy Storage will cease to be a separate reporting segment. At the same time, its financial targets will no longer apply, and demand guidance will be suspended. 

Consequently, from the second quarter of 2026 onwards, Wärtsilä will have two reporting segments: Wärtsilä Marine and Wärtsilä Energy.

Set for performance

Wärtsilä presented new combined financial targets for its Marine and Energy businesses, as well as separate financial targets for the Energy Storage business, on 1 April 2025.

On 15 June 2026, Wärtsilä announced the establishment of a joint venture for its Energy Storage business, and in the second quarter of 2026 Wärtsilä Energy Storage will cease to be a separate reporting segment. At the same time, its financial targets will no longer apply, and demand guidance will be suspended. 

Marine and Energy, combined financial targets

  • 5% annual organic growth
  • 14% operating margin

Energy Storage, financial targets*

  • Low double-digit annual organic growth
  • 3-5% operating margin

Group, financial targets

  • Gearing below 0.5
  • Distribute a dividend of at least 50% of earnings

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.

*Energy Storage will cease to exist as a separate reporting segment following the establishment of the joint venture, as a result of which the financial targets for Energy Storage will also be discontinued in the second quarter of 2026.

Review the financial targets

 

    Delivering customer value through our services

    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.

     

    Delivering customer value through leading R&D and partnerships

     

    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.

     

     

    More about Wärtsilä as an investment

    Roadshow-presentation

    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.