Wartsila's net sales to increase by 10-20% in 2009

The management of Wartsila will today at the Capital Markets Day, held in Helsinki, announce that Wärtsilä´s net sales are estimated to increase by 10-20% in 2009. This estimate is based on a strong order book, out of which approximately EUR 3,800 million will be delivered in 2009, and on the continued strong development of the Services business. Wartsila’s total orderbook stood at EUR 7,762 million at the end of September 2008. In its third quarter interim report Wärtsilä announced that due to the uncertainty of the shipbuilding markets the cancellation risk of orders has increased and that the effects of potential cancellations could amount to approximately 10% of Wärtsilä’s total order book value.
Wärtsilä’s 2008 prospects remain unchanged
Based on the strong order book, Wärtsilä’s net sales are expected to grow by about 25% in 2008. The full-year operating margin will exceed 11%.