Wärtsilä

Visibility into earnings growth for the coming years is exceptionally strong.

6:38

Wärtsilä continued its strong momentum in Q3 and expects the demand environment to remain in line with the exceptionally strong comparison period.

The coming years offer explosive earnings growth. We also find the long-term (2030–) valuation picture attractive.

Visibility for earnings growth over a 3-year period is very strong.

18:31

Wärtsilä reported exceptionally strong order intake and continues to deliver solid performance. In addition to its strong momentum, the company has sharpened its strategic focus over the past six years by divesting a total of 11 businesses. The final two divestments were completed during the quarter.

Energy has performed better than expected, but continuing order growth is increasingly difficult.