Wartsila's net sales in Q1 rise 15% to EUR 1,012 million

According to Interim Report January-March 2014 of Wärtsilä, published yesterday, the Finnish Corporation has achieved strong results. Net sales of the Company rose 15% to EUR 1,012 million (vs EUR 882 in 2013) while order intake decreased 16% to EUR 1,142 million (1,352). Book-to-bill was 1.13 (1.53). Operating result before non-recurring items was EUR 90 million, or 8.9% of net sales (EUR 70 million or 8.0%). Earnings per share - 0.31 euro (0.37). Cash flow from operating activities reached EUR 111 million (84). Order book at the end of the period decreased 10% to EUR 4,505 million (4,998).

Wartsila expects its net sales for 2014 to grow by 0-10% and its operational profitability (EBIT% before non-recurring items) to be around 11%.

Wartsila is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wartsila maximizes the environmental and economic performance of the vessels and power plants of its customers. In 2013, Wartsila's net sales totalled EUR 4.7 billion with approximately 18,700 employees. The company has operations in more than 200 locations in nearly 70 countries around the world. Wartsila is listed on the NASDAQ OMX Helsinki, Finland.