Wärtsilä's profitability for 2010 estimated to be better than earlier expected

Wärtsilä Corporation, Stock exchange release 14 October 2010 at 17:30 UTC+2

Wärtsilä Corporation redefines its prospects for 2010.  Wärtsilä estimates its operational profitability (EBIT% before nonrecurring items) to be better than earlier expected and to exceed 10%. Wärtsilä has previously estimated profitability for 2010 to be 9-10%. 

The prospects for net sales are also specified; based on the current orderbook and a stable service business, Wärtsilä expects net sales to decline by approximately 15% in 2010. The previous net sales estimate was a decline by 10-20%.

Wärtsilä Corporation

Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2009, Wärtsilä’s net sales totalled EUR 5.3 billion with more than 18,000 employees. The company has operations in 160 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.