SERVICES

Fewer orders for Wartsila

Helsinki - Finnish multinational Wartsila has received 9% fewer orders in the first half year of 2019 compared to the same period in 2018

Helsinki - Finnish multinational Wartsila has received 9% fewer orders in the first half year of 2019 compared to the same period in 2018. The order intake has decreased from 3,060 million euros to 2,793 million euros. The demand for Wärtsilä’s services and solutions in the coming 12 months is expected to be somewhat below that of the previous 12 months, writes the company in a press release.

“While the first half of 2019 was generally marked by stable development in our net sales and profitability, our performance in the second quarter was burdened by fewer power plant deliveries, as well as an unfavourable project and equipment mix,” said Jaakko Eskola, Wartsila’s president and ceo. “Order intake for the first six months was below that of the previous year, largely resulting from the continued macroeconomic and geopolitical uncertainty that has prolonged customer decision-making in the energy markets.”

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