Q3 2024 Wartsila Oyj Abp Earnings Call Transcript

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Oct 29, 2024

Oct 29, 2024 / 08:00AM GMT
Hanna-maria Heikkinen - Wartsila Oyj Abp - Vice President, Investor Relations

Good morning, and welcome to this News Conference for Wärtsilä Q3 '24 Results. My name is Hanna-Maria Heikkinen, and I'm in charge of Investor Relations.

Today, our CEO, Hakan Agnevall, will start with the group performance followed by the business performance, and then our CFO, Arjen Berends, will continue with the financial highlights.

After the presentation, there is a possibility to ask questions. Please, Hakan. Time to start.

Hakan Agnevall - Wartsila Oyj Abp - President, Chief Executive Officer, Member of the Management Board

Thank you, and welcome, everybody, and welcome to the summary of the Q3, which has been a good quarter and we are moving in the right direction. So let's look at some of the numbers. I mean, we do see improved net sales, improved profitability and improved cash flow.

Net sales increased by 18%, and we continued to have strong book-to-bill, and therefore, a strong order book of about EUR 7.6 billion. Our journey

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