Last €40.33 EUR
Change Today +0.155 / 0.39%
Volume 50.0
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As of 4:00 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

wartsila oyj abp (MTA) Snapshot

Open
€40.10
Previous Close
€40.17
Day High
€40.33
Day Low
€40.10
52 Week High
03/7/14 - €44.47
52 Week Low
10/15/14 - €31.74
Market Cap
8.0B
Average Volume 10 Days
49.1
EPS TTM
--
Shares Outstanding
197.2M
EX-Date
03/6/15
P/E TM
--
Dividend
€1.15
Dividend Yield
2.61%
Current Stock Chart for WARTSILA OYJ ABP (MTA)

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wartsila oyj abp (MTA) Details

Wärtsilä Corporation provides power solutions for the marine and energy markets worldwide. It operates in three segments: Utilities, Independent Power Producers, and Industrial Customers. The company’s products include control and monitoring equipment for individual products and integrated solutions for vessels; ballast water management system solutions; high pressure air and gas compressors for marine, industrial, and offshore application; and engines and generating sets. It also offers exhaust gas cleaning systems; gas handling systems; and LPG systems and tank control systems, as well as process solutions, including specialized LNG projects. In addition, the company provides marine reduction gears; inerting gas solutions; oil separation systems; integrated products for service power generation and diesel-electric propulsion; and various propulsor solutions comprising propellers, thrusters, and waterjets. Further, it offers pumps and valves for liquid cargo handling; seals, bearings, and stern tubes; and waste, oil, and fresh water management solutions. Additionally, the company provides basic support services, such as original equipment manufacturer spare parts, tools, consumables, field services, workshop and reconditioning services, and technical services; and installation, commissioning, performance optimization, upgrades, conversions, and environmental solutions. The company offers its products and services to companies operating in merchant, offshore, cruise and ferry, navy, and special vessel segments. Wärtsilä Corporation was founded in 1834 and is headquartered in Helsinki, Finland.

15,293 Employees
Last Reported Date: 02/10/15
Founded in 1834

wartsila oyj abp (MTA) Top Compensated Officers

Chief Executive Officer, President and Member...
Total Annual Compensation: €1.1M
Compensation as of Fiscal Year 2014.

wartsila oyj abp (MTA) Key Developments

Wartsila Corporation Signs Contract with Shanghai Electric Power

Wartsila Corporation has signed a major contract with Shanghai Electric Power for the conversion of the Maltese Delimara Power Station to operate on natural gas. The contract, signed in December 2014, is the first between Wartsila and Shanghai Electric Power. The Delimara Power Station is currently using heavy fuel oil and running on eight Wartsila 46 engines. The project includes the conversion of four of the current engines into Wartsila 50SG and four into Wartsila 50DF engines. As the power plant begins to operate on natural gas, the emissions produced by the plant will be reduced, ensuring compliance with the emission regulations set by the EU. Operating costs of the plant will be reduced due to the decrease of abatement system operating costs. Due to the conversion, Shanghai Electric Power will also be able to reduce its fuel costs, resulting in better cost-efficiency at Delimara.

Wartsila Corporation to Supply 30 Wartsila 50DF Dual-Fuel Engines to DSME

Wartsila Corporation has announced that it will deliver 30 Wartsila 50DF dual-fuel engines for five new Arc 7 design ice-class LNG carriers being built at the Daewoo Shipbuilding and Marine Engineering, or DSME, yard in South Korea. The vessels will operate in arctic conditions to serve the Yamal LNG project in Northern Russia. The order was placed in January with Wartsila's joint venture company, Wartsila Hyundai Engine Co. (WHEC) who will also build the engines in South Korea. Each of the LNG carriers will be fitted with four 12-cylinder Wartsila 50DF engines and two 9-cylinder Wartsila 50DF engines. The engines will primarily utilise liquefied natural gas (LNG) as fuel, but are also capable of running on conventional marine diesel fuels. When operating in arctic conditions, the vessels will be required to handle ambient temperatures of as much as minus 50 degrees Celsius, and to break through ice up to two metres thick. This requires dramatic variations in engine load within a short time span, and the Wartsila engines were considered as being the most suitable for these extremely challenging conditions.

Perusahaan Listrik Negara Selects Wartsila's Energy Efficient Propulsion System for CNG Carrier

Wartsila's energy efficient propulsion system selected by Indonesian owner for CNG carrier. The carrier vessel for compressed natural gas (CNG) is to be powered by an integrated Wartsila propulsion system, chosen for its energy efficiency and environmental sustainability. The vessel is being built at the Jiangsu Hantong shipyard in China ordered by CIMC ENRIC and designed by CIMC ORIC for end user Perusahaan Listrik Negara (PLN). The order with Wartsila was placed during the fourth quarter of 2014. The new vessel will feature a 9-cylinder Wartsila 34DF dual-fuel main engine operating primarily on gas. Wartsila will also supply the controlled pitch propeller and gearbox, all of which will be fully integrated so as to optimise the propulsion efficiency. This will be the first dual-fuel powered vessel owned by an Indonesian ship owner. The Indonesian government's policy is to promote the utilisation of natural gas as a marine fuel because of its environmental advantages. The 110 metre long carrier is scheduled to be in operation in May 2016 and will transport CNG from Gresik in East Java to the Indonesian island of Lombok where the gas will be used to fuel a power plant.

 

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