Wärtsilä wins major new orders

Wärtsilä Corporation, Stock exchange release 3 December 2003 at 08:45 UTC+2

Wärtsilä gained new orders worth EUR 319 million in October and November. “The order intake from January to November compared to the same period last year increased by 17.3%”, noted President and CEO Ole Johansson in his address to participants at Wärtsilä’s Capital Markets Day in Shanghai, China, on Tuesday.

Mr Johansson also stated that the results of the second stage of the Group’s business analysis project, now in progress, will be released before the financial statements for 2003 are made public. The company will enter a EUR 75-150 million restructuring provision in the final quarter of 2003.

Wärtsilä orders, Power Divisions


January-November 2003x)  1,977.1 EUR million  
January-November 2002  1,686.0 EUR million  
Change   17.3%  
 year 2002  1,882.8 EUR million  
 Order book, end of period    
 January-November 2003x)  1,326.5 EUR million  
 January-November 2002  1,304.4 EUR million  
 Change   1.7%  
 year 2002  1,206.6 EUR million  
 x) estimated    









Power plant for Indonesia
In an order worth USD 64.5 million Wärtsilä will supply a 102 MW power plant to PT Aneka Tambang tbk (Antam), an Indonesian mining company. The power plant will initially run on heavy fuel oil but it can be converted to run on natural gas at a later date. The deal also includes an operation and maintenance agreement.

Engines for LNG carriers
Wärtsilä has been contracted to supply four Wärtsilä 50DF dualfuel engines to the Chantiers de l’Atlantique shipyard in France. The engines will be installed in an LNG tanker ordered by Gas de France. This is already the second such order placed by the same shipyard and shipbuilder this year.

First O&M agreements for marine vessels
In October Wärtsilä signed its first operation and maintenance (O&M) contracts in the marine sector. The customer is SEMCO Salvage & Marine of Singapore.