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Last $42.75 USD
Change Today 0.00 / 0.00%
Volume 0.0
WRTBF On Other Exchanges
Symbol
Exchange
Helsinki
Stuttgart
OTC US
OTC US
As of 8:10 PM 07/15/15 All times are local (Market data is delayed by at least 15 minutes).

wartsila oyj abp (WRTBF) Snapshot

Open
$43.15
Previous Close
$42.75
Day High
$43.15
Day Low
$42.75
52 Week High
02/6/15 - $47.25
52 Week Low
07/15/15 - $42.75
Market Cap
8.4B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
197.2M
EX-Date
03/6/15
P/E TM
--
Dividend
$1.15
Dividend Yield
2.92%
Current Stock Chart for WARTSILA OYJ ABP (WRTBF)

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wartsila oyj abp (WRTBF) 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.

19,427 Employees
Last Reported Date: 07/17/15
Founded in 1834

wartsila oyj abp (WRTBF) Top Compensated Officers

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

wartsila oyj abp (WRTBF) Key Developments

Wartsila Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 2015; Revises Earnings Guidance for the Year 2015

Wartsila Corporation reported earnings results for the second quarter and six months ended June 2015. For the quarter, the company reported net sales decreased 2% to EUR 1,159 million against EUR 1,138 million a year ago. Operating result before non-recurring items was EUR 137 million, or 11.1% of net sales against EUR 132 million or 11.8% a year ago. Earnings per share were EUR 0.54 against EUR 0.42 a year ago. Cash flow from operating activities was EUR 47 million against EUR 61 million a year ago. For the six months, the company reported net sales increased 5% to EUR 2,218 million against EUR 2,113 million a year ago. Operating result before non-recurring items was EUR 237 million, or 10.7% of net sales against EUR 230 million or 10.9% a year ago. Earnings per share were EUR 0.97 against EUR 0.73 a year ago. Cash flow from operating activities was EUR 84 million against EUR 172 million a year ago. The company expects its net sales for 2015 to grow by 5-10% and its operational profitability (EBIT% before non-recurring items) to be 12.0-12.5%. The guidance includes the impact of the L-3 Marine Systems International (MSI) acquisition. MSI is expected to contribute approximately EUR 250 million to net sales and EUR 9 million to the operating result during 2015. Excluding purchase price allocation amortisation, MSI's operating result is estimated to reach EUR 16 million. Previously the company expected its net sales to grow by 0-10% and its operational profitability (EBIT% before non-recurring items) to be 12.0-12.5%, excluding the impact of the MSI acquisition.

Wärtsilä Corporation's Ship Power Business Plans to Cut Approximately 600 Jobs

Wärtsilä Corporation's Ship Power business renamed Marine Solutions, plans to realign its organization, operations and resources in response to the sluggish global marine market situation. These plans will affect personnel in all functions of Wärtsilä Marine Solutions' global operations. The realignment will mean the reduction of approximately 600 jobs, of which some 160 will be in Finland. A portion of the reductions will be realized through retirements.

Wartsila Signs Contract with Tianjin Dredging Company and Dredging Group to Supply the Engines and All Essential Ancillaries for A New Self-Propelled Cutter Dredger

A contract has been signed with the Tianjin Dredging Company, part of the China Communication Construction Company and the recently founded Dredging Group, under which Wartsila will supply the engines and all essential ancillaries for a new self-propelled cutter dredger. The ship is being built at the Shanghai Zhenhua Heavy Industries shipyard in China. The contract was signed in June. The Wartsila scope of supply, which includes three 16-cylinder Wartsila 32 engines, also features a thoroughly planned interface to the external systems including the latest Wartsila Condition Based Maintenance system. Wartsila's CBM and Remote Monitoring solutions support the daily operation of the installation by applying the company's experience and operational know-how to keep the thermal and mechanical load at an optimum level. They also enable savings in fuel consumption, while simultaneously providing greater environmental sustainability. The 140 metre long vessel will have a maximum dredging depth of 35 metres with a cutter power of up to 7500 kW. It is scheduled to be delivered in October 2017.

 

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