Finnish ship and power plant engine maker Wartsila reported a surprise fall in second-quarter operating profit due to slightly weaker-than-expected sales, Reuters reports.
April-June operating profit, excluding one-off items, fell 3 percent to 113 million euros ($138 million), compared with a forecast for 120 million in a Reuters poll. Sales rose 6 percent to 1.10 billion euros, below a forecast for 1.14 billion.
Wartsila said on Tuesday sales in its power plants unit fell 2.0 percent and noted that "some larger investments were delayed because of volatility in the macro economy".
The company also said its quarterly order intake grew 2.0 percent to 1.20 billion euros, above the market's average forecast of 1.13 billion.
Wartsila repeated on Wednesday it expected full-year 2012 sales to grow around 5-10 percent year-on-year and its operating profit margin to be 10-11 percent.
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