Wärtsilä revises its sales and profitability guidance for 2016, due to lower than anticipated power plant deliveries in the current year, the company said in its press release. Wärtsilä now expects its net sales to decline by around 5% and its profitability (comparable operating result as a percent of net sales) to be around 12%. Based on delivery schedules, sales and profitability is expected to be concentrated towards the fourth quarter.
Previously Wärtsilä expected its net sales to grow by 0-5% and its profitability to be 12.5-13.0%.
Wärtsilä’s Interim Report January-September 2016 will be published on 25 October 2016 at 8.30 a.m. Finnish time.