Wärtsilä introduces new financial targets

Wärtsilä Corporation,
  • Stock exchange release
17 November 2021 at 9:00 AM E. Europe Standard Time

Wärtsilä introduces new financial targets

Wärtsilä’s value creation potential going forward is based on two strategic themes: Transform and Perform. The Transform theme refers to decarbonisation, creating new business opportunities by leveraging growth in electricity generation, balancing power and green marine transport. The Perform theme centres around leveraging market recovery and growth, supported by robust execution and the company’s commitment to both financial and sustainability targets. Wärtsilä’s purpose to enable sustainable societies through innovation in technology and services is well connected to the Transform and Perform themes.

Considering these two strategic themes, Wärtsilä’s Board of Directors has approved the company’s new financial targets.

Wärtsilä’s new financial targets are as follows:

  • Net sales: 5% annual organic growth
  • Profitability: 12% operating margin
  • Capital structure: gearing below 0.50
  • Dividend: at least 50% of earnings

“Today, we are taking the next steps towards our future: Our common journey of shaping the decarbonisation of the marine and energy industries. Wärtsilä drives growth by acting as a pioneer and a leading partner for decarbonisation. We can make a difference to our industries and to the world, while securing financial performance and delivering attractive long-term shareholder value", says Håkan Agnevall, President & CEO of Wärtsilä.

The strategy and financial targets will be discussed in more detail at Wärtsilä’s Capital Markets Day on Thursday, 18 November 2021 at 13:00–16:30 EET. During the event, Wärtsilä’s President & CEO Håkan Agnevall together with members of the Board of Management will provide information on the company's business operations, strategy, and financial development. The event will be held in English and can be followed via a webcast. Please register for the event by 18 November 2021 at 11:00 EET at the registration page https://e.eventos.fi/events/wolttigroup/wartsila-capital-markets-day-2021/form2.


Further information will be provided at the Capital Markets Day on 18 November. Please join.
 

Wärtsilä Corporation

Board of Directors
 


Wärtsilä in brief
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2020, Wärtsilä’s net sales totalled EUR 4.6 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com

© 2021 Wärtsilä