The operating result and earnings per share are shown excluding nonrecurring items. Wärtsilä recognised EUR 2 million (44) of nonrecurring items related to restructuring measures during the review period.
OLE JOHANSSON, PRESIDENT AND CEO:
“I am pleased with the start of the year that saw increased sales and solid profitability. As expected the Services business showed growth as a result of our customers increasing the utilisation of their assets. The Power Plants markets continued on a good level with an increasing interest in natural gas based power generation. In Ship Power we also see further natural gas related prospects, as well as notable activity in the offshore segment. We are seeing signs, however, of uncertainty in the global business environment and some customers seem hesitant in decision making. Our restructuring measures have resulted in improved efficiency and competitiveness and provide a good basis for profitable growth in 2011.”
WÄRTSILÄ’S PROSPECTS FOR 2011 REITERATED
Wärtsilä expects its net sales for 2011 to grow by 3-5% and operational profitability (EBIT% before nonrecurring items) to be around 11%.
OLE JOHANSSON, PRESIDENT AND CEO:
“I am pleased with the start of the year that saw increased sales and solid profitability. As expected the Services business showed growth as a result of our customers increasing the utilisation of their assets. The Power Plants markets continued on a good level with an increasing interest in natural gas based power generation. In Ship Power we also see further natural gas related prospects, as well as notable activity in the offshore segment. We are seeing signs, however, of uncertainty in the global business environment and some customers seem hesitant in decision making. Our restructuring measures have resulted in improved efficiency and competitiveness and provide a good basis for profitable growth in 2011.”
WÄRTSILÄ’S PROSPECTS FOR 2011 REITERATED
Wärtsilä expects its net sales for 2011 to grow by 3-5% and operational profitability (EBIT% before nonrecurring items) to be around 11%.