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Wartsila Oyj Abp (WRT1V.HE)

WRT1V.HE on Helsinki Stock Exchange

14.12EUR
3:02pm IST
Change (% chg)

€0.05 (+0.39%)
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€14.06
Open
€14.10
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€14.15
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€14.04
Volume
160,268
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1,133,458
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€19.88
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€12.75

Latest Key Developments (Source: Significant Developments)

Wärtsilä To Recognise Provisions Related To Nuclear Power Plant Back-Up Genset Projects
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Wartsila Oyj Abp ::WÄRTSILÄ TO RECOGNISE PROVISIONS RELATED TO NUCLEAR POWER PLANT BACK-UP GENSET PROJECTS.TWO PROJECTS HAVE BEEN IDENTIFIED WHERE MATERIAL ADDITIONAL PROVISIONS ARE REQUIRED TO COVER COST OVERRUNS AND DELAYS.PROVISIONS, AMOUNTING TO APPROXIMATELY EUR 70 MILLION, WILL BE RECOGNISED IN WÄRTSILÄ'S Q4 OPERATING RESULT.NEGATIVE IMPACT TO RESULT IS PARTIALLY OFFSET BY CAPITAL GAIN FROM DIVESTMENT OF PUMPS BUSINESS.  Full Article

Wärtsilä divests its pumps business
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Wartsila Oyj Abp ::WÄRTSILÄ DIVESTS ITS PUMPS BUSINESS.TECHNOLOGY GROUP WÄRTSILÄ HAS DIVESTED ITS PUMPS BUSINESS TO SOLIX GROUP, A SCANDINAVIAN INVESTMENT COMPANY WITH OFFICES IN COPENHAGEN, DENMARK AND MALMÖ, SWEDEN.WÄRTSILÄ PUMPS BUSINESS RECORDED SALES OF APPROXIMATELY 50 MEUR IN 2017.DIVESTMENT WILL ENABLE WÄRTSILÄ TO DEVOTE GREATER FOCUS TO ITS SMART MARINE VISION.  Full Article

Wartsila CEO Says Expects Service Demand To Improve Somewhat In Q4
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Wartsila Oyj Abp ::WARTSILA CEO SAYS EXPECTS SERVICE DEMAND TO IMPROVE SOMEWHAT IN Q4.  Full Article

Wartsila To Reorganise Into Two Business Areas
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Wartsila Oyj Abp ::WÄRTSILÄ REDESIGNS ORGANISATION TO ENHANCE CUSTOMER VALUE.TO REORGANISE INTO TWO BUSINESS AREAS, WÄRTSILÄ MARINE BUSINESS AND WÄRTSILÄ ENERGY BUSINESS,.NEW ORGANISATIONAL STRUCTURE WILL BE OPERATIONAL AS OF 1 JANUARY 2019..  Full Article

Wartsila Signs EUR 170 Million Scrubber Deal
Friday, 13 Jul 2018 

July 13 (Reuters) - WARTSILA OYJ ABP ::WÄRTSILÄ SIGNS A EUR 170 MILLION SCRUBBER DEAL.MAJOR EUROPEAN CONTAINER SHIPPING COMPANY ORDERED WÄRTSILÄ'S HYBRID EXHAUST GAS CLEANING EQUIPMENT AND RETROFIT SERVICES.  Full Article

Finland's Wartsila Posts Rising Q1 Profit, Order Intake
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Wartsila Oyj Abp ::SAYS Q1 (NOT Q2) ORDER INTAKE INCREASED 7% TO EUR 1,507 MILLION.SAYS Q1 COMPARABLE OPERATING RESULT INCREASED TO EUR 88 MILLION.SAYS Q1 NET SALES INCREASED 6% TO EUR 1,066 MILLION.SAYS DEMAND FOR WÄRTSILÄ'S SERVICES AND SOLUTIONS IN 2018 IS EXPECTED TO IMPROVE SOMEWHAT FROM PREVIOUS YEAR.SAYS WHILE ECONOMIC OUTLOOK CONTINUES TO SUPPORT A GRADUAL RECOVERY IN MARINE INDUSTRY, IMPACT OF INCREASED GEOPOLITICAL UNCERTAINTY ON CUSTOMER DECISION-MAKING IS A CONCERN.SAYS SERVICES' NET SALES DEVELOPMENT WAS SLOWER THAN EXPECTED DURING Q1, AS CUSTOMERS IN MERCHANT AND OFFSHORE SEGMENTS CONTINUED TO LIMIT SPENDING TO ESSENTIAL REPAIRS AND MAINTENANCE.  Full Article

Wartsila Buys Marine Navigation Company Transas For 210 Mln Euros
Monday, 19 Mar 2018 

March 19 (Reuters) - Wartsila Oyj Abp ::SAYS ‍WILL ACQUIRE TRANSAS, A GLOBAL COMPANY HEADQUARTERED IN U.K​.SAYS ‍TRANSAS, WITH SALES OF AROUND 140 MILLION EUROS, MAKES MARINE NAVIGATION SOLUTIONS THAT INCLUDE COMPLETE BRIDGE SYSTEMS, DIGITAL PRODUCTS AND ELECTRONIC CHARTS​.SAYS ‍TRANSACTION IS VALUED AT MEUR 210 (ENTERPRISE VALUE) AND IS EXPECTED TO BE CLOSED DURING Q2 OF 2018​.SAYS ‍MOVE WILL SPEED WÄRTSILÄ ALONG ITS PATH TOWARDS ITS SMART MARINE ECOSYSTEM VISION​.  Full Article

Finland's Wartsila Extends Service Agreement With Winterthur Gas & Diesel
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - Wartsila Oyj Abp ::SAYS ‍HAS SIGNED A 10-YEAR SERVICE PARTNERSHIP AGREEMENT WITH SWISS COMPANY WINTERTHUR GAS & DIESEL LTD​.  Full Article

Wärtsilä And Schneider Electric To Create New Back-Up Power Solution For Data Centers
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - WARTSILA OYJ ABP ::WÄRTSILÄ OYJ - WÄRTSILÄ AND SCHNEIDER ELECTRIC JOIN FORCES TO CREATE A NEW BACK-UP POWER SOLUTION FOR DATA CENTERS.WÄRTSILÄ AND SCHNEIDER ELECTRIC HAVE SIGNED A GLOBAL CO-OPERATION AGREEMENT.‍CO-OPERATION FOCUSES ON HYPERSCALE DATA CENTER PROJECTS WITH AT LEAST A 10 MW ELECTRICAL LOAD​.  Full Article

Wartsila Wins Power Plant Order In Indonesia
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Wartsila Oyj Abp ::WÄRTSILÄ OYJ - WÄRTSILÄ SMART POWER GENERATION PLANT WILL ENSURE RELIABLE POWER SUPPLY FOR JAKARTA’S NEW TRANSPORT SYSTEM.SAYS ‍HAS BEEN CONTRACTED TO DELIVER A 100 MW POWER GENERATION PLANT TO PT INDONESIA POWER​.  Full Article

UPDATE 2-Ship tech company Wartsila cuts services outlook after profit miss

* Finnish firm sees growth from sulphur scrubbers (Adds CEO comments, background on scrubbers, updates shares)