Preliminary information on Wärtsilä's 2004 result - Fourth-quarter performance good

Wärtsilä Corporation, Stock exchange release, 19 January 2005 at 18:45 UTC+2

Wärtsilä’s performance in the final quarter of 2004 was good. Net sales of the Power Businesses in 2004 totalled approx. EUR 2.2 billion and the profit margin will be around 5% according to preliminary calculations. Imatra Steel’s net sales amounted to approx. EUR 250 million and its profit margin will rise to roughly 8%. The capital gain on the sale of the Assa Abloy shares during the first quarter of 2004 was EUR 107.7 million.

Wärtsilä publishes its financial statements bulletin for 2004 at 8.30 am on 4 February 2005.