Wärtsilä reports order intake and net sales growth in H1 2017

In the second quarter of 2017 the group's order intake increased 14% to EUR 1,363 million (versus 1,194 in the same period 2016), net sales rose 8% to EUR 1,292 million (1,196), book-to-bill 1.05 (1.00), comparable operating result increased to EUR 126 million (122), which represents 9.7% of net sales (10.2), earnings per share increased to 0.38 euro (0.19),  while cash flow from operating activities decreased to EUR 2 million (202).

Between January and June 2017 order intake increased 13% to EUR 2,776 million (2,465), net sales increased 6% to EUR 2,299 million (2,163), book-to-bill 1.21 (1.14), comparable operating result increased to EUR 211 million (206), which represents 9.2% of net sales (9.5), earnings per share increased to 0.66 euro (0.49), cash flow from operating activities fell to EUR 3 million (189), order book at the end of the period amounted to EUR 5,065 million (5,083).

Helsinki-headquartered Finnish Corporation Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximizes the environmental and economic performance of the vessels and power plants of its customers. In 2015, Wärtsilä's net sales totalled EUR 5.0 billion. The Corporation staff is approximately 18,900 employees. The company has operations in more than 200 locations in nearly 70 countries around the world. Wärtsilä is listed on the Nasdaq Helsinki.