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

Wartsila Oyj Abp Mid Quarter Call Transcript

Aug 22, 2022 / 12:00PM GMT

Release Date Price: €8.37 (-3.66%)

Transcript

Hakan Agnevall;rtsilÃ;Oyj Abp;President

WÃ;CEO & Member of Management Board

¤¤- -

(technical difficulty)

After the summer. And if I start to make a quick summary, where we stand right now on the market situation and some of the themes. And then it's a rather short summary, and then we will turn over the ball to you, and we open up for the Q&A. I think that's the setting for today.

So if we look at the market situation, I would say, first of all -- and you could see that in Q2 as well, the service business, both in Marine and Energy is continuing to grow in a very interesting way.

And we see this growth continuing. I mean, if you look -- it's a little bit of the same. We talk -- as you know, we talk about the service value ladder, and it starts with the spare parts and service hours. It moves on to agreements, then we have retrofit projects and then performance based.

And you can say that we are growing in all these steps and also in both Marine and Energy. And so you could say this is -- it is actually

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