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Last €42.86 EUR
Change Today -0.09 / -0.21%
Volume 574.7K
As of 11:29 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

wartsila oyj abp (WRT1V) Snapshot

Open
€43.13
Previous Close
€42.95
Day High
€43.37
Day Low
€42.66
52 Week High
04/13/15 - €44.52
52 Week Low
10/16/14 - €31.85
Market Cap
8.5B
Average Volume 10 Days
415.8K
EPS TTM
€1.87
Shares Outstanding
197.2M
EX-Date
03/6/15
P/E TM
23.0x
Dividend
€1.15
Dividend Yield
2.68%
Current Stock Chart for WARTSILA OYJ ABP (WRT1V)

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wartsila oyj abp (WRT1V) 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.

17,707 Employees
Last Reported Date: 04/23/15
Founded in 1834

wartsila oyj abp (WRT1V) Top Compensated Officers

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

wartsila oyj abp (WRT1V) Key Developments

Wartsila Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 2015; Provides Earnings Guidance for the Year 2015

Wartsila Corporation announced unaudited consolidated earnings results for the first quarter ended March 2015. For the quarter the company reported net sales of EUR 988 million compared to EUR 997 million a year ago. Operating result was EUR 100 million compared to EUR 98 million a year ago. Profit before taxes was EUR 82 million compared to EUR 89 million a year ago. Earnings per share were EUR 0.43 against EUR 0.31 a year ago. Cash inflow from operating activities was EUR 37 million against EUR 111 million a year ago. Net interest-bearing debt at the end of March 2015 was EUR 251 million against net interest-bearing debt at the end of March 2014 of EUR 390 million a year ago. Cash inflow from operating activities was decreased compared to last year due to payment of pension costs. Net investments in property, plant and equipment and intangible assets was EUR 17 million against EUR 14 million a year ago. Return on investment from continuing operations was 22.0% against 23.3% a year ago. Return on equity from continuing operations was 21.0% against 24.6% a year ago. Gross capital expenditure was EUR 18 million against EUR 19 million a year ago. The company expected its net sales for 2015 to grow by 0%-10% and its operational profitability (EBIT% before non-recurring items) to be between 12.0%-12.5%. The guidance excludes the impact of the L-3 Marine Systems International acquisition. The company expects that to deliver a strong cash flow for the full year.

Wartsila Launches New Innovative AHTS Vessel Design At Sea Asia Exhibition

A new AHTS (Anchor Handling Tug Supply) vessel design is being launched by Wartsila Corporation at this year's Sea Asia exhibition held in Singapore from April 21 to 23, 2015. The focus of the new design is on simplicity, efficiency, low fuel consumption, and a reduced environmental impact. The equipment solutions are suitable for medium to large size AHTS vessels, where one of the key components is a 2-speed gearbox system selected to meet the design targets of reduced costs and less complexity without compromising operational safety. Wartsila estimates that the new design provides a reduction of 20% to 25% in fuel consumption compared to conventional diesel mechanical four engine solutions. The exhaust emissions are reduced accordingly. The hybrid 2-speed gearbox PTI (Power Take In) solution ensures a seamless transfer from one operational mode to another, with the ability to work efficiently in all operational modes. When changing propeller speeds, the arrangement produces no loss in PTO (Power Take Off) power. Crew requirements need not change to operate vessels featuring the new Wartsila design as no special electrical skills are necessary.

Wartsila to Supply Power Generation Equipment for Europe-Based Company

Wartsila Corporation has signed a contract worth around EUR 120 million to supply power generation equipment for a Europe-based company. The order includes Wartsila 50 platform gensets and auxiliary equipment. The Wartsila 50 engine platform is able to operate on dual fuel, gas and liquid fuel versions. The first model, Wartsila 50DF was launched in early 2000. Designed for high output with efficiency and low emissions, the dual-fuel solution represented a breakthrough in the marine LNG carrier market, replacing steam turbines as the preferred power source. For power plants, engine versions fired by specific gaseous and liquid fuels followed suit.

 

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