Wärtsilä Corporation reported financial results for 2019 that were impacted by project-related challenges and lower equipment demand. Key highlights included a 16% decrease in order intake, net sales remaining flat, and the comparable operating result declining to 8.8% of net sales due to cost overruns on large projects. The services businesses for both Marine and Energy remained sound, with long-term service agreements covering a growing portion of their installed bases. The company proposed a dividend of €0.48 per share.
- Order intake and net sales for Wärtsilä Corporation declined slightly in the first quarter of 2020 compared to the previous year, impacted by COVID-19 and a shift in product mix. The operating result also declined due to lower fixed cost absorption and less profitable service sales.
- Order intake for Wärtsilä Marine declined 12% year-over-year due to reduced vessel contracting amid market uncertainty caused by the pandemic. Net sales increased slightly due to growth in the marine services business.
- Order intake for Wärtsilä Energy was stable, with declines in some regions offset by growth in others. Net sales declined as large projects progressed.
- In Q1 2019, Wärtsilä's order intake decreased 6% to EUR 1.4 billion while net sales increased 8% to EUR 1.15 billion. The order book increased 15% to EUR 6.33 billion.
- Comparable operating profit increased 16% to EUR 102 million, representing 8.9% of net sales compared to 8.3% in Q1 2018.
- Growth in net sales was driven by higher services volumes in marine and increased equipment deliveries. Order intake was affected by slow decision-making in energy markets.
- Wärtsilä reported lower order intake, net sales, and operating result for Q3 2019 compared to Q3 2018 due to project-related challenges and low demand for equipment.
- Cost overruns on certain complex marine and energy projects resulted in a one-time €150 million charge to Wärtsilä's full-year 2019 results, of which €84 million was recognized in Q3.
- Corrective actions were taken to strengthen project management processes and controls to prevent issues surrounding new technologies, suppliers, and underestimated costs.
- Wärtsilä's order intake increased 21% in the first three quarters of 2014 while net sales declined 7% due to the timing of deliveries.
- The company's profitability remained strong with an EBIT margin of 12.7% despite lower net sales.
- Order intake grew in both the power plants and ship power businesses, driven by increased activity in gas power plants and gas carriers.
Wärtsilä reported its financial results for 2015. Order intake declined 3% to EUR 4.932 billion while net sales increased 5% to EUR 5.029 billion. EBIT was EUR 612 million, up from EUR 569 million in 2014. For 2016, Wärtsilä expects net sales growth of 0-5% and operational profitability of 12.5-13.0%. The outlook for the energy and marine markets remains challenging due to economic uncertainty and oversupply. However, the trend toward gas-fired and distributed power generation provides opportunities for growth. Wärtsilä also expects continued growth in its high-margin service business.
- Wärtsilä's Q1 2016 order intake was EUR 1,271 million, down 1% year-over-year, while net sales were EUR 967 million, down 2%. The book-to-bill ratio was 1.31.
- The comparable operating result was EUR 84 million, representing 8.7% of net sales, compared to EUR 100 million or 10.1% for Q1 2015.
- Order intake developed well in the equipment businesses, particularly for Energy Solutions power plants and Marine Solutions cruise and ferry vessels, while demand remains challenging in the merchant shipping and offshore segments.
A Budget 2014 PowerPoint Slide Pack covering the outlook for the UK economy and public finances. From a Northern Ireland perspective the key challenge will be the public expenditure cuts still to come.
Stora Enso Q1/2014 financial results, presentationStora Enso
Stora Enso reported financial results for Q1 2014 with the following key points:
- Operational EBIT increased 54% to EUR 182 million due to lower costs and depreciation. Nearly all of the EUR 200 million cost reduction program was realized ahead of schedule.
- CEO Jouko Karvinen will retire in 2014 after seven years as CEO. A successor is being sought.
- Printing and Reading improved profits by EUR 33 million through lower costs and depreciation including the closure of a paper machine.
- Guidance for the rest of 2014 expects sales and operational EBIT to remain similar to Q1 levels despite planned mill maintenance shutdowns.
- Order intake and net sales for Wärtsilä Corporation declined slightly in the first quarter of 2020 compared to the previous year, impacted by COVID-19 and a shift in product mix. The operating result also declined due to lower fixed cost absorption and less profitable service sales.
- Order intake for Wärtsilä Marine declined 12% year-over-year due to reduced vessel contracting amid market uncertainty caused by the pandemic. Net sales increased slightly due to growth in the marine services business.
- Order intake for Wärtsilä Energy was stable, with declines in some regions offset by growth in others. Net sales declined as large projects progressed.
- In Q1 2019, Wärtsilä's order intake decreased 6% to EUR 1.4 billion while net sales increased 8% to EUR 1.15 billion. The order book increased 15% to EUR 6.33 billion.
- Comparable operating profit increased 16% to EUR 102 million, representing 8.9% of net sales compared to 8.3% in Q1 2018.
- Growth in net sales was driven by higher services volumes in marine and increased equipment deliveries. Order intake was affected by slow decision-making in energy markets.
- Wärtsilä reported lower order intake, net sales, and operating result for Q3 2019 compared to Q3 2018 due to project-related challenges and low demand for equipment.
- Cost overruns on certain complex marine and energy projects resulted in a one-time €150 million charge to Wärtsilä's full-year 2019 results, of which €84 million was recognized in Q3.
- Corrective actions were taken to strengthen project management processes and controls to prevent issues surrounding new technologies, suppliers, and underestimated costs.
- Wärtsilä's order intake increased 21% in the first three quarters of 2014 while net sales declined 7% due to the timing of deliveries.
- The company's profitability remained strong with an EBIT margin of 12.7% despite lower net sales.
- Order intake grew in both the power plants and ship power businesses, driven by increased activity in gas power plants and gas carriers.
Wärtsilä reported its financial results for 2015. Order intake declined 3% to EUR 4.932 billion while net sales increased 5% to EUR 5.029 billion. EBIT was EUR 612 million, up from EUR 569 million in 2014. For 2016, Wärtsilä expects net sales growth of 0-5% and operational profitability of 12.5-13.0%. The outlook for the energy and marine markets remains challenging due to economic uncertainty and oversupply. However, the trend toward gas-fired and distributed power generation provides opportunities for growth. Wärtsilä also expects continued growth in its high-margin service business.
- Wärtsilä's Q1 2016 order intake was EUR 1,271 million, down 1% year-over-year, while net sales were EUR 967 million, down 2%. The book-to-bill ratio was 1.31.
- The comparable operating result was EUR 84 million, representing 8.7% of net sales, compared to EUR 100 million or 10.1% for Q1 2015.
- Order intake developed well in the equipment businesses, particularly for Energy Solutions power plants and Marine Solutions cruise and ferry vessels, while demand remains challenging in the merchant shipping and offshore segments.
A Budget 2014 PowerPoint Slide Pack covering the outlook for the UK economy and public finances. From a Northern Ireland perspective the key challenge will be the public expenditure cuts still to come.
Stora Enso Q1/2014 financial results, presentationStora Enso
Stora Enso reported financial results for Q1 2014 with the following key points:
- Operational EBIT increased 54% to EUR 182 million due to lower costs and depreciation. Nearly all of the EUR 200 million cost reduction program was realized ahead of schedule.
- CEO Jouko Karvinen will retire in 2014 after seven years as CEO. A successor is being sought.
- Printing and Reading improved profits by EUR 33 million through lower costs and depreciation including the closure of a paper machine.
- Guidance for the rest of 2014 expects sales and operational EBIT to remain similar to Q1 levels despite planned mill maintenance shutdowns.
The document provides an economic summary and outlook for various regions including Northern Ireland, the UK, Eurozone and globally. It discusses:
1) Recent signs of economic recovery in many regions based on indicators like GDP growth, manufacturing and services output. However, the recovery remains uneven and challenges around high debt levels and fiscal austerity persist.
2) Northern Ireland's private sector growth picked up recently compared to slowing in the UK and Republic of Ireland, though employment and construction levels still lag pre-recession peaks.
3) Continued cuts to UK public spending are needed to reduce large budget deficits and debt levels, with spending set to fall substantially over the next few years. Significant challenges around high borrowing and reducing debt
Leonardo's 1Q 2017 results presentation summarizes the company's financial performance for the first quarter of 2017. Key highlights include:
- New orders were in line with or above expectations across sectors such as helicopters, electronics, and aeronautics.
- Revenues were softer than the previous quarter due to expected lower volumes, though profitability continued to improve across sectors driven by efficiency improvements.
- Guidance for full-year 2017 is confirmed, with expectations for revenues to remain around 2016 levels and further improvements in profitability.
- Leonardo delivered strong results in the first 9 months of 2016 despite challenging market conditions, with record new orders of €15.5 billion driven by the €7.95 billion Eurofighter contract for Kuwait.
- Profitability improved with net income more than doubling to €343 million, supported by lower financial expenses.
- The company expects continued good performance in the fourth quarter and remains on track to meet full-year guidance.
- Finmeccanica reported strong financial results for the first 9 months of 2015, with a 44.7% increase in EBITA to €745 million and a positive net result of €122 million compared to a net loss in the prior year.
- Most sectors performed well with improvements in orders, revenues, and profitability compared to the previous year. Notably, Selex ES and DRS showed significant increases in EBITA.
- The company reaffirmed its guidance for the full year with expectations to meet or exceed targets for orders, revenues, EBITA, free operating cash flow, and net debt.
- Revenue increased 11.6% to €199.6 million due to stable demand and good capacity utilization. EBITDA rose to €29.7 million compared to €18.8 million in the same quarter last year.
- Loss for the period improved to €-11.2 million from €-13.6 million in the prior year quarter. Loss per share declined from €-0.35 to €-0.29.
- Net debt increased to €496.7 million from €380.5 million due to investments of €69.7 million in tangible and intangible assets. The company decided not to further expand its IC substrate plant in China in the current financial year.
This document contains the consolidated financial statements of AT & S Austria Technologie & Systemtechnik Aktiengesellschaft as of March 31, 2017. It includes the consolidated statement of profit or loss, consolidated statement of comprehensive income, consolidated statement of financial position, consolidated statement of cash flows, and consolidated statement of changes in equity. Notes to the consolidated financial statements provide details on accounting policies, consolidation principles, segment information and other explanatory information. The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards and the Austrian Commercial Code.
This document provides an economist's perspective on trends in Ireland's car market from 2011 onwards. It summarizes that Ireland's GDP declined significantly from 2008-2010 as consumer spending fell over 10% from its peak. While new car sales rebounded in 2010, a sustained recovery in car ownership, traffic volumes, and new car sales will be slow due to continued fiscal tightening and modest consumer spending growth. The economist predicts it will take at least 5 years for car traffic volumes to recover and longer for freight traffic, and that a target new car market of 180,000 units annually is unlikely to be achieved soon.
Ferrovial reported business performance results for January - September 2013. Key highlights include:
- Revenues increased 4.9% to €5,927 million driven by toll road growth and acquisitions in services.
- EBITDA declined 4.1% to €632 million due to provisions in toll roads.
- Net profit was €485 million, up 2% year-on-year.
- Traffic increased slightly on toll roads in Spain but continued to decline elsewhere.
- The services backlog reached a new high with the acquisition of Enterprise in the UK.
- Heathrow airport traffic and EBITDA increased significantly.
FLSmidth 3rd quarter interim report for 2013 was released on 6 November 2013. Best viewed on a full screen mode, this first quarterly report informs the reader about how well FLSmidth's business is doing financially, as well as FLSmidth's growth strategies and new financial targets projected for next quarter. The key highlights include: a) Business environment unchanged b) Decreasing order intake due to lack of large orders c) Return on Capital Employed (ROCE) 10% (ROCE 15% adjusted for special items) d) EBITA margin 3.6% (EBITA margin 9.1% adjusted for special items) e) Efficiency Programme progressing according to plans f) Group guidance for 2013 maintained.
The document provides financial information for AT&S for Q1-Q3 2014/15 compared to the same period the previous year. It shows that revenue increased 8.5% to €489 million despite high capacity utilization. EBITDA improved 27.1% to €127 million due to high utilization, improved product mix, and cost management. The outlook for the full year was improved with expected revenue of €623-633 million and an EBITDA margin of 23-24%.
This document contains quarterly national accounts data from Ireland for the years 2005-2015. It includes time series charts showing trends in GDP, GNP, consumption, investment, exports, imports and other economic indicators. GDP growth was positive in 2015 Q2 after a long period of recovery from the economic downturn. The data provides a statistical overview of Ireland's economic performance and the contributions of different components to economic growth.
The newsletter provides updates on the economy, companies, and markets. Key points include:
- The Finance Bill 2014 was passed by the Lok Sabha and Rajya Sabha.
- India stood firm on having a parallel pact on food stockpiling and agriculture subsidies, preventing a consensus at the WTO on easing global customs rules.
- NTPC profit declined 13% due to new tariff regulation while Maruti Suzuki profit increased 20.7% in the first quarter.
This document contains the consolidated financial statements of AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (AT&S) as of March 31, 2015, including notes to the consolidated financial statements. It provides details on AT&S' consolidated statement of profit or loss, statement of financial position, statement of cash flows, statement of changes in equity, accounting policies, and group of consolidated entities. The consolidated financial statements were prepared in accordance with International Financial Reporting Standards and applicable Austrian law.
Klöckner & Co - Roadshow Presentation January 2011Klöckner & Co SE
Klöckner & Co SE is revising its strategy to focus on four key areas: external growth, organic growth, business optimization, and personnel/management development. The company aims to double sales by 2015 and quadruple sales by 2020 through acquisitions in emerging markets like Brazil and China as well as developed markets in Europe and North America. Klöckner & Co SE will also pursue organic growth initiatives to gain customers and market share. Additionally, the company will optimize purchasing, inventory management, and its distribution network. Finally, Klöckner & Co SE will enhance personnel and management development programs.
- Wärtsilä's order intake increased 15% to EUR 1,285 million in Q1 2015, while net sales declined 1% to EUR 988 million. EBIT was EUR 100 million, an increase from EUR 98 million in Q1 2014.
- Order intake for power plants and services increased significantly, while ship power orders were supported by gas carrier contracts. Net sales were stable across segments.
- The outlook for power plant markets is cautiously positive as sentiment improves. The shipbuilding market remains challenging, while services market outlook is cautiously positive with growth in selected areas.
Brisa, a Turkish tire manufacturer, saw growth in the first half of 2014 despite a contracting domestic market. Sales increased 16% year-over-year as export markets grew by 20%. While domestic car sales fell 25%, Brisa improved its product mix and saw gains in original equipment sales. Brisa's net profit increased 47% to $80.6 million as its EBITDA rose 34% and gross profit increased 34%. Brisa also increased sales in strategic markets, pursued new opportunities in Africa and CIS regions, and expanded its product lines.
- Revenues for ACCIONA increased slightly by 0.6% to €4,728 million for the first nine months of 2014 compared to the same period in 2013.
- EBITDA decreased by 8% to €771 million due to higher costs of goods sold and provisions, partially offset by lower personnel and other expenses.
- Net profit increased substantially by 98.5% to €149 million helped by one-time gains from asset sales and extending the useful life of wind assets.
- Wärtsilä Corporation reported financial results for the first half of 2019, with order intake down 11% compared to the second quarter of 2018 but the order book up 10%. Net sales declined slightly by 2%.
- The Marine business saw order intake affected by delayed decision making in energy markets. Net sales declined slightly for Marine equipment but services sales increased.
- In Energy, order intake was impacted by fewer large orders for power plants from utilities. However, service agreements covering the installed base continued to grow.
Wärtsilä reported growth in order intake and net sales in 2018. Key highlights included:
- Order intake increased 12% to EUR 6.3 billion while order book grew 21% to EUR 6.2 billion.
- Net sales rose 5% to EUR 5.2 billion.
- Earnings per share increased to EUR 0.65 from EUR 0.63 in the previous year.
The presentation provided financial results and key metrics for 2018 and comparisons to 2017 for Wärtsilä's overall business as well as its Energy Solutions, Marine Solutions, and Services segments. Growth in order intake was seen across most areas although Energy Solutions saw slower customer decision making.
- Order intake and sales decreased across Wärtsilä's businesses due to the impacts of COVID-19, with the exception of stable sales in Marine Systems.
- The comparable operating result decreased 51% to EUR 55 million due to lower sales volumes and an unfavorable sales mix impacting profitability.
- Cash flow from operating activities increased significantly to EUR 252 million due to improved working capital management.
The document provides an economic summary and outlook for various regions including Northern Ireland, the UK, Eurozone and globally. It discusses:
1) Recent signs of economic recovery in many regions based on indicators like GDP growth, manufacturing and services output. However, the recovery remains uneven and challenges around high debt levels and fiscal austerity persist.
2) Northern Ireland's private sector growth picked up recently compared to slowing in the UK and Republic of Ireland, though employment and construction levels still lag pre-recession peaks.
3) Continued cuts to UK public spending are needed to reduce large budget deficits and debt levels, with spending set to fall substantially over the next few years. Significant challenges around high borrowing and reducing debt
Leonardo's 1Q 2017 results presentation summarizes the company's financial performance for the first quarter of 2017. Key highlights include:
- New orders were in line with or above expectations across sectors such as helicopters, electronics, and aeronautics.
- Revenues were softer than the previous quarter due to expected lower volumes, though profitability continued to improve across sectors driven by efficiency improvements.
- Guidance for full-year 2017 is confirmed, with expectations for revenues to remain around 2016 levels and further improvements in profitability.
- Leonardo delivered strong results in the first 9 months of 2016 despite challenging market conditions, with record new orders of €15.5 billion driven by the €7.95 billion Eurofighter contract for Kuwait.
- Profitability improved with net income more than doubling to €343 million, supported by lower financial expenses.
- The company expects continued good performance in the fourth quarter and remains on track to meet full-year guidance.
- Finmeccanica reported strong financial results for the first 9 months of 2015, with a 44.7% increase in EBITA to €745 million and a positive net result of €122 million compared to a net loss in the prior year.
- Most sectors performed well with improvements in orders, revenues, and profitability compared to the previous year. Notably, Selex ES and DRS showed significant increases in EBITA.
- The company reaffirmed its guidance for the full year with expectations to meet or exceed targets for orders, revenues, EBITA, free operating cash flow, and net debt.
- Revenue increased 11.6% to €199.6 million due to stable demand and good capacity utilization. EBITDA rose to €29.7 million compared to €18.8 million in the same quarter last year.
- Loss for the period improved to €-11.2 million from €-13.6 million in the prior year quarter. Loss per share declined from €-0.35 to €-0.29.
- Net debt increased to €496.7 million from €380.5 million due to investments of €69.7 million in tangible and intangible assets. The company decided not to further expand its IC substrate plant in China in the current financial year.
This document contains the consolidated financial statements of AT & S Austria Technologie & Systemtechnik Aktiengesellschaft as of March 31, 2017. It includes the consolidated statement of profit or loss, consolidated statement of comprehensive income, consolidated statement of financial position, consolidated statement of cash flows, and consolidated statement of changes in equity. Notes to the consolidated financial statements provide details on accounting policies, consolidation principles, segment information and other explanatory information. The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards and the Austrian Commercial Code.
This document provides an economist's perspective on trends in Ireland's car market from 2011 onwards. It summarizes that Ireland's GDP declined significantly from 2008-2010 as consumer spending fell over 10% from its peak. While new car sales rebounded in 2010, a sustained recovery in car ownership, traffic volumes, and new car sales will be slow due to continued fiscal tightening and modest consumer spending growth. The economist predicts it will take at least 5 years for car traffic volumes to recover and longer for freight traffic, and that a target new car market of 180,000 units annually is unlikely to be achieved soon.
Ferrovial reported business performance results for January - September 2013. Key highlights include:
- Revenues increased 4.9% to €5,927 million driven by toll road growth and acquisitions in services.
- EBITDA declined 4.1% to €632 million due to provisions in toll roads.
- Net profit was €485 million, up 2% year-on-year.
- Traffic increased slightly on toll roads in Spain but continued to decline elsewhere.
- The services backlog reached a new high with the acquisition of Enterprise in the UK.
- Heathrow airport traffic and EBITDA increased significantly.
FLSmidth 3rd quarter interim report for 2013 was released on 6 November 2013. Best viewed on a full screen mode, this first quarterly report informs the reader about how well FLSmidth's business is doing financially, as well as FLSmidth's growth strategies and new financial targets projected for next quarter. The key highlights include: a) Business environment unchanged b) Decreasing order intake due to lack of large orders c) Return on Capital Employed (ROCE) 10% (ROCE 15% adjusted for special items) d) EBITA margin 3.6% (EBITA margin 9.1% adjusted for special items) e) Efficiency Programme progressing according to plans f) Group guidance for 2013 maintained.
The document provides financial information for AT&S for Q1-Q3 2014/15 compared to the same period the previous year. It shows that revenue increased 8.5% to €489 million despite high capacity utilization. EBITDA improved 27.1% to €127 million due to high utilization, improved product mix, and cost management. The outlook for the full year was improved with expected revenue of €623-633 million and an EBITDA margin of 23-24%.
This document contains quarterly national accounts data from Ireland for the years 2005-2015. It includes time series charts showing trends in GDP, GNP, consumption, investment, exports, imports and other economic indicators. GDP growth was positive in 2015 Q2 after a long period of recovery from the economic downturn. The data provides a statistical overview of Ireland's economic performance and the contributions of different components to economic growth.
The newsletter provides updates on the economy, companies, and markets. Key points include:
- The Finance Bill 2014 was passed by the Lok Sabha and Rajya Sabha.
- India stood firm on having a parallel pact on food stockpiling and agriculture subsidies, preventing a consensus at the WTO on easing global customs rules.
- NTPC profit declined 13% due to new tariff regulation while Maruti Suzuki profit increased 20.7% in the first quarter.
This document contains the consolidated financial statements of AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (AT&S) as of March 31, 2015, including notes to the consolidated financial statements. It provides details on AT&S' consolidated statement of profit or loss, statement of financial position, statement of cash flows, statement of changes in equity, accounting policies, and group of consolidated entities. The consolidated financial statements were prepared in accordance with International Financial Reporting Standards and applicable Austrian law.
Klöckner & Co - Roadshow Presentation January 2011Klöckner & Co SE
Klöckner & Co SE is revising its strategy to focus on four key areas: external growth, organic growth, business optimization, and personnel/management development. The company aims to double sales by 2015 and quadruple sales by 2020 through acquisitions in emerging markets like Brazil and China as well as developed markets in Europe and North America. Klöckner & Co SE will also pursue organic growth initiatives to gain customers and market share. Additionally, the company will optimize purchasing, inventory management, and its distribution network. Finally, Klöckner & Co SE will enhance personnel and management development programs.
- Wärtsilä's order intake increased 15% to EUR 1,285 million in Q1 2015, while net sales declined 1% to EUR 988 million. EBIT was EUR 100 million, an increase from EUR 98 million in Q1 2014.
- Order intake for power plants and services increased significantly, while ship power orders were supported by gas carrier contracts. Net sales were stable across segments.
- The outlook for power plant markets is cautiously positive as sentiment improves. The shipbuilding market remains challenging, while services market outlook is cautiously positive with growth in selected areas.
Brisa, a Turkish tire manufacturer, saw growth in the first half of 2014 despite a contracting domestic market. Sales increased 16% year-over-year as export markets grew by 20%. While domestic car sales fell 25%, Brisa improved its product mix and saw gains in original equipment sales. Brisa's net profit increased 47% to $80.6 million as its EBITDA rose 34% and gross profit increased 34%. Brisa also increased sales in strategic markets, pursued new opportunities in Africa and CIS regions, and expanded its product lines.
- Revenues for ACCIONA increased slightly by 0.6% to €4,728 million for the first nine months of 2014 compared to the same period in 2013.
- EBITDA decreased by 8% to €771 million due to higher costs of goods sold and provisions, partially offset by lower personnel and other expenses.
- Net profit increased substantially by 98.5% to €149 million helped by one-time gains from asset sales and extending the useful life of wind assets.
- Wärtsilä Corporation reported financial results for the first half of 2019, with order intake down 11% compared to the second quarter of 2018 but the order book up 10%. Net sales declined slightly by 2%.
- The Marine business saw order intake affected by delayed decision making in energy markets. Net sales declined slightly for Marine equipment but services sales increased.
- In Energy, order intake was impacted by fewer large orders for power plants from utilities. However, service agreements covering the installed base continued to grow.
Wärtsilä reported growth in order intake and net sales in 2018. Key highlights included:
- Order intake increased 12% to EUR 6.3 billion while order book grew 21% to EUR 6.2 billion.
- Net sales rose 5% to EUR 5.2 billion.
- Earnings per share increased to EUR 0.65 from EUR 0.63 in the previous year.
The presentation provided financial results and key metrics for 2018 and comparisons to 2017 for Wärtsilä's overall business as well as its Energy Solutions, Marine Solutions, and Services segments. Growth in order intake was seen across most areas although Energy Solutions saw slower customer decision making.
- Order intake and sales decreased across Wärtsilä's businesses due to the impacts of COVID-19, with the exception of stable sales in Marine Systems.
- The comparable operating result decreased 51% to EUR 55 million due to lower sales volumes and an unfavorable sales mix impacting profitability.
- Cash flow from operating activities increased significantly to EUR 252 million due to improved working capital management.
Wärtsilä Corporation reported its interim results for the second quarter of 2016. Order intake increased 3% to EUR 1,194 million while net sales declined 3% to EUR 1,196 million. The operating result was EUR 122 million, a 10.2% margin. Key highlights included solid order intake growth, stable net sales, improved cash flow, and a book-to-bill ratio of 1.00. The order book ended at EUR 5,083 million, down 5% year-on-year.
- Wärtsilä's order intake for the first nine months of 2020 decreased 14% to EUR 3.24 billion compared to the same period in 2019. Net sales decreased 3% to EUR 3.385 billion.
- The comparable operating result decreased 32% to EUR 172 million, representing 5.1% of net sales, down from 7.1% for the same period last year. This was impacted by a decline in services due to COVID-19 and weaker absorption of fixed costs.
- Cash flow from operating activities increased to EUR 407 million, up from EUR 269 million for the same period in 2019.
Wärtsilä reported financial results for full year 2020 that showed declines compared to the previous year. Order intake decreased 18% and net sales decreased 11%. The comparable operating result decreased 40% and earnings per share decreased 14%. However, cash flow from operating activities increased significantly to a record high. For 2021, Wärtsilä expects demand to be similar to 2020 levels but visibility remains limited due to uncertainty in market conditions.
Wärtsilä Corporation reported its half year financial results for 2018. Key highlights included a 14% increase in order intake compared to the same period last year. Net sales remained stable at 1.246 billion euros, which represents a 3% decrease. The order book increased to 5.904 billion euros from 5.089 billion euros in the same period last year. Demand for Wärtsilä's services and solutions is expected to improve somewhat over the course of 2018 compared to 2017.
This document provides a summary of Wärtsilä Corporation's half year report for January-June 2021. Some key points:
- Order intake increased 14% overall with strong growth in services orders.
- Net sales decreased 7% due to lower equipment deliveries, though service sales increased 16%.
- Profitability improved despite lower sales volumes due to a favorable sales mix and cost efficiency actions.
- The business continues to be impacted by COVID-19 though recovery is expected over time in key markets like marine.
Wärtsilä reported its Q1 2017 results, with order intake up 11% to EUR 1.413 billion and net sales up 4% to EUR 1.007 billion. The book-to-bill ratio was 1.40. Order intake grew across all business areas, with strong growth in Energy Solutions of 30%. Services net sales were EUR 490 million. For 2017, Wärtsilä expects demand to be relatively unchanged overall from 2016, with solid growth prospects in Services and good demand in Energy Solutions, while Marine Solutions remains soft.
Wärtsilä Corporation reported financial results for the first three quarters of 2015. Order intake declined 17% to €1,086 million due to challenging market conditions in the energy and marine sectors. Net sales increased 9% to €1,222 million, supported by growth in services. Operational profitability (EBIT) was 13.1% of net sales, in line with expectations. For the full year, Wärtsilä expects net sales growth of 5-10% and an EBIT margin of 12.0-12.5%.
This document summarizes the financial results of Wärtsilä Corporation for 2016. Key highlights include stable order intake, a decrease in net sales of 5%, an operating result of 12.1% of net sales, and a proposed dividend of EUR 1.30 per share. Order intake in Energy Solutions was strong, while newbuild vessel orders in Marine Solutions were exceptionally low in 2016. Services net sales developed steadily, and the installed base covered by service agreements continued to increase.
This document is Wärtsilä Corporation's interim report for the period of January-September 2018. Some key points:
- Order intake was stable at EUR 1,372 million while net sales increased 13% to EUR 1,330 million. The order book increased 16% to EUR 5,918 million.
- Operating result was EUR 141 million, representing 10.6% of net sales. Earnings per share was EUR 0.17.
- Demand for Wärtsilä's services and solutions is expected to improve somewhat in 2018 compared to 2017, with anticipated increases in order intake for Marine Solutions and Services but a decline for Energy Solutions due to postponed investment decisions.
Wärtsilä reported its interim results for the first quarter of 2021. Order intake remained stable at €1,244 million while net sales declined 19% to €946 million due to the impacts of COVID-19. The comparable operating result was €41 million, a 28% decrease, as net provisions arising from a project risk review burdened results. While demand remains uncertain due to the pandemic, Wärtsilä expects the near-term environment to be somewhat better than the previous year.
This document summarizes Wärtsilä Corporation's half year financial report for January-June 2017. Some key highlights include:
- Order intake increased 14% in Q2 2017 and book-to-bill was 1.05.
- Net sales grew 8% in Q2 2017, supported by higher power plant deliveries.
- Comparable operating result was €126 million, representing 9.7% of net sales.
- Demand in Services is expected to grow solidly in 2017 while demand in Energy Solutions is anticipated to be good. Demand in Marine Solutions is expected to be solid, raised from the previous expectation of soft.
Wärtsilä Corporation reported its Q3 2016 results. Order intake increased 5% to EUR 1.139 billion while net sales declined 12% to EUR 1.079 billion. The operating result was EUR 123 million, an 11.4% margin. Order intake was strong in energy solutions due to growth in emerging markets and a large power plant order in Texas. However, net sales declined across all businesses due to lower delivery volumes. For 2016, Wärtsilä expects net sales to decline 5% and the operating margin to be around 12%.
This document summarizes Wärtsilä Corporation's financial results for the third quarter and first nine months of 2017. Key highlights include order intake increasing 19% compared to Q3 2016, net sales up 9%, and comparable operating result of EUR 135 million, unchanged from the prior year period. The order book remained strong at EUR 5,075 million at the end of the period. Overall, the company saw solid growth in order intake across its business segments in the first nine months of the year. Wärtsilä expects demand to remain relatively unchanged for 2017 with services anticipated to grow and energy solutions and marine solutions to be solid.
Wärtsilä reported financial results for the first quarter of 2014. Order intake declined 16% to EUR 1,142 million due to challenging power plant markets. Net sales increased 15% to EUR 1,012 million, in line with expectations. EBIT was EUR 90 million, representing an 8.9% margin. The company expects full year 2014 net sales growth of 0-10% and operational profitability of around 11%.
- Wärtsilä's order intake increased 9% in the first half of 2014 compared to the previous year. Net sales declined slightly by 2%.
- Earnings before interest and taxes (EBIT) were €122 million, an increase from €111 million the previous year.
- Order intake was supported by increases in the Ship Power and Services segments. Net sales were in line with expectations across all business segments.
- Prospects for the full year were revised with EBIT expected to be around 11.5% and net sales to grow by around 5%.
- Wärtsilä reported a 7% increase in order intake and 6% increase in net sales for Q1 2018 compared to Q1 2017. Order intake was EUR 1,507 million and net sales were EUR 1,066 million.
- The equipment businesses of Energy Solutions and Marine Solutions performed well, with order intake and net sales growing compared to the previous year. Services net sales remained stable at EUR 535 million.
- The order book increased to EUR 5,490 million, up 7% compared to the end of 2017, demonstrating continued strong demand across Wärtsilä's businesses.
The document reports on ACCIONA's results for the first 9 months of 2013. Key highlights include:
- Revenues declined 4.2% to €4,951 million due to decreases in the Infrastructure and Energy divisions.
- EBITDA fell 7.3% to €964 million mainly from lower results in Energy and Infrastructure.
- Net profit decreased 34.3% to €75 million compared to 9M 2012.
- The Energy division remained the largest contributor to EBITDA at 77.8% despite an 8.5% EBITDA decline.
Wärtsilä is introducing a new compact BOG reliquefaction unit called the Compact Reliq. The Compact Reliq uses proven Brayton cycle technology in a modular and compact design. It has a smaller footprint and lower weight than traditional solutions. The Compact Reliq also has improved efficiency compared to liquid subcooling systems, resulting in lower operating costs. Wärtsilä's experience and proven track record in BOG reliquefaction has been translated into this new compact and reliable module.
This document discusses Wärtsilä's biogas and BioLNG solutions. It provides an overview of biogas and biomethane production processes including anaerobic digestion, biogas upgrading, and liquefaction. Statistics on biogas potential and production are presented. Wärtsilä's Puregas upgrading and MR liquefaction technologies are described. The document also discusses the role of biogas and BioLNG in reducing emissions from transportation and as a transition fuel for shipping. Case studies of Wärtsilä biogas projects are briefly summarized.
The presentation discusses challenges and opportunities for using LNG as a marine fuel in meeting upcoming emissions regulations. It provides an overview of emissions regulations over time, projections for fuel demand shifts in 2020, and comparisons of different fuel options in terms of equivalent volume, tons, and CO2 emissions relative to conventional fuel. Case studies of technological substitutions in shipping and railroads show most transitions occurring over decades. The presentation argues for viewing gas fuels as future-proof and seeing the 2020 regulations as the beginning of structural industry changes.
This document discusses gas-powered energy centers for data centers. It begins by stating that increasing data center energy consumption and sustainability requirements mean data center owners need efficient and sustainable power solutions. It then discusses how gas-fueled power generation using natural gas engines is a cost-effective, efficient, and cleaner alternative to grid power or diesel generators. The document provides details on gas engine technology for data centers, including fast start-up times, efficient combustion control, and modular LNG storage and regasification systems. It also covers optimal electrical designs for redundancy and reliability, including ring busbar topology examples. In summary, the document promotes gas-powered energy centers as cleaner, more efficient solutions for data center power needs.
At Wärtsilä, we have always been committed to making vessel operations more efficient, safe and ecological. We deliver solutions that help our customers boost profitability while meeting global environmental and safety compliance.
Smart Voyage Optimisation entails the creation of a Smart Marine ecosystem, whereby every vessel can connect to services that make voyaging safer and greener. We are developing a unique integrated infrastructure that combines the bridge systems, cloud data management, data services, decision support tools, and access to real-time information.
Wärtsilä reported its full year 2017 results with solid sales growth and strong order intake. Key highlights included order intake increasing 15% to EUR 5.6 billion and net sales growing 3% to EUR 4.9 billion. The company expects demand in 2018 to improve somewhat from 2017, with good prospects anticipated for its Services and Energy Solutions businesses and solid prospects for Marine Solutions.
ACEP Magazine edition 4th launched on 05.06.2024Rahul
This document provides information about the third edition of the magazine "Sthapatya" published by the Association of Civil Engineers (Practicing) Aurangabad. It includes messages from current and past presidents of ACEP, memories and photos from past ACEP events, information on life time achievement awards given by ACEP, and a technical article on concrete maintenance, repairs and strengthening. The document highlights activities of ACEP and provides a technical educational article for members.
Harnessing WebAssembly for Real-time Stateless Streaming PipelinesChristina Lin
Traditionally, dealing with real-time data pipelines has involved significant overhead, even for straightforward tasks like data transformation or masking. However, in this talk, we’ll venture into the dynamic realm of WebAssembly (WASM) and discover how it can revolutionize the creation of stateless streaming pipelines within a Kafka (Redpanda) broker. These pipelines are adept at managing low-latency, high-data-volume scenarios.
Optimizing Gradle Builds - Gradle DPE Tour Berlin 2024Sinan KOZAK
Sinan from the Delivery Hero mobile infrastructure engineering team shares a deep dive into performance acceleration with Gradle build cache optimizations. Sinan shares their journey into solving complex build-cache problems that affect Gradle builds. By understanding the challenges and solutions found in our journey, we aim to demonstrate the possibilities for faster builds. The case study reveals how overlapping outputs and cache misconfigurations led to significant increases in build times, especially as the project scaled up with numerous modules using Paparazzi tests. The journey from diagnosing to defeating cache issues offers invaluable lessons on maintaining cache integrity without sacrificing functionality.
Understanding Inductive Bias in Machine LearningSUTEJAS
This presentation explores the concept of inductive bias in machine learning. It explains how algorithms come with built-in assumptions and preferences that guide the learning process. You'll learn about the different types of inductive bias and how they can impact the performance and generalizability of machine learning models.
The presentation also covers the positive and negative aspects of inductive bias, along with strategies for mitigating potential drawbacks. We'll explore examples of how bias manifests in algorithms like neural networks and decision trees.
By understanding inductive bias, you can gain valuable insights into how machine learning models work and make informed decisions when building and deploying them.
Electric vehicle and photovoltaic advanced roles in enhancing the financial p...IJECEIAES
Climate change's impact on the planet forced the United Nations and governments to promote green energies and electric transportation. The deployments of photovoltaic (PV) and electric vehicle (EV) systems gained stronger momentum due to their numerous advantages over fossil fuel types. The advantages go beyond sustainability to reach financial support and stability. The work in this paper introduces the hybrid system between PV and EV to support industrial and commercial plants. This paper covers the theoretical framework of the proposed hybrid system including the required equation to complete the cost analysis when PV and EV are present. In addition, the proposed design diagram which sets the priorities and requirements of the system is presented. The proposed approach allows setup to advance their power stability, especially during power outages. The presented information supports researchers and plant owners to complete the necessary analysis while promoting the deployment of clean energy. The result of a case study that represents a dairy milk farmer supports the theoretical works and highlights its advanced benefits to existing plants. The short return on investment of the proposed approach supports the paper's novelty approach for the sustainable electrical system. In addition, the proposed system allows for an isolated power setup without the need for a transmission line which enhances the safety of the electrical network
Advanced control scheme of doubly fed induction generator for wind turbine us...IJECEIAES
This paper describes a speed control device for generating electrical energy on an electricity network based on the doubly fed induction generator (DFIG) used for wind power conversion systems. At first, a double-fed induction generator model was constructed. A control law is formulated to govern the flow of energy between the stator of a DFIG and the energy network using three types of controllers: proportional integral (PI), sliding mode controller (SMC) and second order sliding mode controller (SOSMC). Their different results in terms of power reference tracking, reaction to unexpected speed fluctuations, sensitivity to perturbations, and resilience against machine parameter alterations are compared. MATLAB/Simulink was used to conduct the simulations for the preceding study. Multiple simulations have shown very satisfying results, and the investigations demonstrate the efficacy and power-enhancing capabilities of the suggested control system.
CHINA’S GEO-ECONOMIC OUTREACH IN CENTRAL ASIAN COUNTRIES AND FUTURE PROSPECTjpsjournal1
The rivalry between prominent international actors for dominance over Central Asia's hydrocarbon
reserves and the ancient silk trade route, along with China's diplomatic endeavours in the area, has been
referred to as the "New Great Game." This research centres on the power struggle, considering
geopolitical, geostrategic, and geoeconomic variables. Topics including trade, political hegemony, oil
politics, and conventional and nontraditional security are all explored and explained by the researcher.
Using Mackinder's Heartland, Spykman Rimland, and Hegemonic Stability theories, examines China's role
in Central Asia. This study adheres to the empirical epistemological method and has taken care of
objectivity. This study analyze primary and secondary research documents critically to elaborate role of
china’s geo economic outreach in central Asian countries and its future prospect. China is thriving in trade,
pipeline politics, and winning states, according to this study, thanks to important instruments like the
Shanghai Cooperation Organisation and the Belt and Road Economic Initiative. According to this study,
China is seeing significant success in commerce, pipeline politics, and gaining influence on other
governments. This success may be attributed to the effective utilisation of key tools such as the Shanghai
Cooperation Organisation and the Belt and Road Economic Initiative.