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April 28, 2022
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- Withdrawal from the Russian market weighs on Wärtsilä's accounts
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- Robust first quarter new order growth
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 The Finnish group Wärtsilä, specialized in
technologies for the marine and energy sectors, closed the first three
months of this year with revenues of 1.23 billion euros, in
growth of +30.1% on the corresponding period of 2021. Due to
write-downs of approximately 200 million euro determined by the
downsizing of the company's activities in Russia
following the attack by Russian troops on Ukraine, the result
operating was negative and amounted to -147 million
euro compared to an operating profit of 36 million in the first
quarter of last year. The first three months of 2022 were
filed with a net loss of -142 million euros compared to
a net profit of 24 million in the same period last year.-
- In the first quarter of this year the value of new orders
acquired by Wärtsilä amounted to 1.38 billion
of euro (+10.9%) and the value of the order book at 31 March
last was equal to 6.11 billion euros (+13.1%).
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- Commenting on the performance of the group's activities in the
naval sector, the president and ceo of the
Wärtsilä, Håkan Agnevall, noted that 'in the
Maritime markets investments in new construction are
decreased due to rising prices and limited capacity
of shipyards. Naval fuel - he added - is
become more expensive than ever and activity levels
in our primary naval segments they continued to vary.
The cruise industry - said Agnevall - had to
facing temporary difficulties given that the increase in infections
from Covid-19 has slowed down the reactivation of ships. At the end of March
about 70% of the fleet's capacity was active
cruises, a stable percentage compared to the situation of
end of December. Instead the activity in the oil segment and
of offshore gas has recorded a significant increase since
rising crude oil prices supported demand. The
Europe needs to be less dependent on gas
Russian - noted Agnevall - could create opportunities
in the maritime transport of liquefied natural gas'.
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- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
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