Waertsilae Oyi Abp

Latest Results (19.12.2024):

Order Intake and Growth

In the third quarter of 2024, Waertsilae Oyi Abp reported a stable order intake of EUR 1,803 million, reflecting a slight increase from EUR 1,787 million in the same period of the previous year. The company achieved an organic growth rate of 4%, excluding the effects of foreign exchange, acquisitions, and divestments. This growth was primarily driven by a 4% increase in service order intake, which reached EUR 874 million compared to EUR 842 million in the previous year.

Net Sales and Organic Growth

Waertsilae Oyi Abp's net sales for the third quarter of 2024 increased by 18% to EUR 1,718 million, up from EUR 1,452 million in the same period of the previous year. The company experienced an impressive organic growth rate of 21% during this period. This growth was supported by increased sales in both equipment and services, with equipment deliveries in the Energy sector contributing significantly to the positive results.

Operating Results and Margins

The comparable operating result for Waertsilae Oyi Abp in the third quarter of 2024 rose by 41% to EUR 177 million, representing 10.3% of net sales, compared to EUR 125 million or 8.6% of net sales in the previous year. The overall operating result increased by 65% to EUR 192 million, accounting for 11.2% of net sales, up from EUR 117 million or 8.0% of net sales in the same period last year.

Earnings and Cash Flow

Waertsilae Oyi Abp reported an increase in earnings per share to 0.24 euro in the third quarter of 2024, compared to 0.14 euro in the same period of the previous year. Additionally, the company's cash flow from operating activities improved significantly, reaching EUR 296 million, up from EUR 213 million in the previous year. This improvement was primarily driven by a better operating result and active management of working capital.

Outlook and Market Environment

Waertsilae Oyi Abp remains optimistic about its growth prospects, expecting the demand environment for the next 12 months to be better than the comparison period in both the Marine and Energy sectors. Despite geopolitical risks and macroeconomic uncertainties, the company anticipates continued positive momentum, driven by the increasing need for balancing power in the energy market and robust demand in key customer segments within the marine market.