January 30, 2020 / 6:42 AM / a month ago

Finland's Wartsila misses Q4 expectations

HELSINKI, Jan 30 (Reuters) - Finnish ship technology and power-plant maker Wartsila reported on Thursday lower-than-expected quarterly profit, burdened by slower demand.

Wartsila shares hit a 7-year low back in October after the company had warned of a tough outlook for 2020 for its ship technology and power plants.

Earnings per share fell to 0.17 euros compared to 0.25 euros a year ago, below the profit of 0.28 euros expected by analysts in a Refinitiv poll.

Wartsila reiterated demand looked soft in 2020 for both its marine and energy businesses. (Reporting by Anne Kauranen Editing by Shri Navaratnam)

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