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

Q4 2019 Wartsila Oyj Abp Earnings Call Transcript

Jan 30, 2020 / 08:00AM GMT

Release Date Price: €11.45 (+7.77%)

Transcript

Jaakko Eskola;rtsilÃ;Oyj Abp;CEO

WÃ;President & Member of Board of Management

¤¤- -

Good morning, everyone, and welcome to WÃ¤rtsilÃ¤ Corporation Results Presentation 2019. Here, this morning, in WÃ¤rtsilÃ¤ Campus here in Helsinki, I have the whole Board of management, and then I have Natalia Valtasaari and Emilia Rantala from Investor Relations.

I may have a short presentation with the slides, and then we have the possibility to ask questions.

And I start with the note that 2019, it was a year marked by difficult market conditions and project-related challenges. And when you look at the markets, first, Marine, I have to say that despite some pickup we saw in the vessel contracting towards the end of 2019, market sentiment remains cautious. And that's due to the continued concerns over global economic and geopolitical developments. At the same time, the fuel price development in the next months as well as yard capacity to install retrofits will determine the level of demand for scrubber retrofits.

And then when you

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