Wartsila Corp (LTS:0IKJ)

€ 17.5525 -0.215 (-1.21%) Market Cap: 10.55 Bil Enterprise Value: 10.15 Bil PE Ratio: 24.09 PB Ratio: 4.43 GF Score: 70/100

Q2 2019 Wartsila Oyj Abp Earnings Call Transcript

Jul 18, 2019 / 07:00AM GMT

Release Date Price: €10.81 (-12.64%)

Transcript

Jaakko Eskola;rtsilÃ;Oyj Abp;CEO

WÃ;President & Member of Board of Management

¤¤- -

Good morning, everyone, and welcome to WÃ¤rtsilÃ¤ Corporation's Half Year Report, January to June 2019. Here in Helsinki WÃ¤rtsilÃ¤ campus, I have, as usual, the Board of Management, and Natalia and Emilia from Investor Relations. I will go and have, first, a short presentation and then we have time for questions and answers.

So the first 6 months, stable development in net sales and then, at the same time, we have had equipment profitability challenging. If you look at some of the highlights, our Services sales is growing and we have a very strong order book. And regarding the market at the moment, the market environment, we have expected the vessel contracting in the marine market to recover, that's not taking place at the moment. June vessel contracting was very low, just over 20, and the indication towards the year-end is not supporting probably anymore the Clarkson earlier estimates. At the same time, the segments which are very strong for us,

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