Wartsila posts interim results for Q3, 2011
Net sales of Wartsila for the third quarter of 2011 according to the company’s interim financial statement dropped by 18% compared to Q3, 2010, to EUR 851 million, the Company said Wednesday.
The operating result for the period amounted to EUR 94 million euros. Earnings per share amounted to EUR 0.28.
In January-September, net sales declined 4 percent from a year earlier, to EUR 2 billion 927 million, operating income amounted to EUR 324 million, earnings per share – EUR 1.05. As of September 30, the company’s order book amounted to EUR 4 billion 42 million.
Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. In 2010, Wärtsilä’s net sales totalled EUR 4.6 billion with more than 17,500 employees. The company has operations in 160 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.