Wartsila Expects Better Demand Environment For Next 12 Months

Apr 26, 202405:40 UTC

Wartsila Oyj Abp WRT1V:

OUTLOOK MARINE BIZ: WÄRTSILÄ EXPECTS DEMAND ENVIRONMENT FOR NEXT 12 MONTHS (Q2/2024-Q1/2025) TO BE BETTER THAN THAT OF COMPARISON PERIOD
OUTLOOK ENERGY BIZ: WÄRTSILÄ EXPECTS DEMAND ENVIRONMENT FOR NEXT 12 MONTHS (Q2/2024-Q1/2025) TO BE BETTER THAN THAT OF COMPARISON PERIOD
HEADWINDS FOR GLOBAL ECONOMY CONTINUED DURING QUARTER
IN ENERGY MARKET, CURRENT MACROECONOMIC SITUATION CAUSED UNCERTAINTY AND DELAYED DECISION-MAKING
IN MARINE MARKET, TRADE FLOWS AROUND WORLD HAVE BEEN IMPACTED BY CONFLICTS IN MIDDLE EAST, ATTACKS ON SHIPS IN RED SEA, AND DROUGHT AFFECTING PANAMA CANAL, WHICH HAVE LED TO LONGER AVERAGE SHIPPING DISTANCES, INCREASED TRANSPORTATION COSTS, AND DELAYS TO GLOBAL SUPPLY CHAINS
WÄRTSILÄ CONTINUED TO MAKE GOOD PROGRESS DURING Q1 OF 2024. OUR PROFITABILITY IMPROVED, CASH FLOW FROM OPERATIONS INCREASED AND OUR ORDER BOOK ENDED UP AT A NEW ALL-TIME HIGH DRIVEN BY A CONTINUED STRONG ORDER INTAKE
MARINE MARKET: HIGHER CAPACITY UTILISATION AND A CONTINUED INCREASE IN SHIPYARD CAPACITY SUPPORTED GROWTH IN SHIP DELIVERY VOLUMES