Wärtsilä: Relying on services through the storm
By Erkki Vesola
Wärtsilä's Q3 figures landed on both sides of forecasts and the revised guidance cautious. Supported by a strong Energy business, we have slightly increased our net sales estimates for 2022-2024, but cut our margin expectations.
Wärtsilä
6.99
8
Buy
Buy
Wärtsilä specializes in power solutions for the marine and energy sectors. The business is managed based on several business segments and the range includes integrated system solutions, spare parts, and associated service functions during the installation cycle, but also complete operation and optimization services. The company was originally founded in 1834 and is headquartered in Helsinki.
Read more on company pageKey Estimate Figures26.10.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 4,778.0 | 5,851.7 | 6,232.0 |
growth-% | 3.78 % | 22.47 % | 6.50 % |
EBIT (adj.) | 357.0 | 369.0 | 471.9 |
EBIT-% (adj.) | 7.47 % | 6.31 % | 7.57 % |
EPS (adj.) | 0.40 | 0.50 | 0.52 |
Dividend | 0.24 | 0.35 | 0.40 |
Dividend % | 1.94 % | 2.01 % | 2.31 % |
P/E (adj.) | 30.99 | 34.79 | 33.29 |
EV/EBITDA | 16.80 | 37.57 | 18.22 |
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