Wärtsilä: From Russia with loss
On Wednesday, Wärtsilä announced that it would write down EUR 200 million from its Russian operations and ramp down almost all of its Russian operations. At the same time, the company's combined Russia risk proved to be higher than previously estimated. We have made the corresponding estimate changes. The uncertain market outlook has pushed the company's share price to a remarkably low level and we still consider the share's long-term potential to be significant.
Wärtsilä
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 Figures20.04.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 4,778.0 | 5,825.1 | 6,292.0 |
growth-% | 3.78 % | 21.91 % | 8.02 % |
EBIT (adj.) | 357.0 | 431.6 | 540.8 |
EBIT-% (adj.) | 7.47 % | 7.41 % | 8.59 % |
EPS (adj.) | 0.40 | 0.46 | 0.62 |
Dividend | 0.24 | 0.32 | 0.47 |
Dividend % | 1.94 % | 1.85 % | 2.71 % |
P/E (adj.) | 30.99 | 37.79 | 28.23 |
EV/EBITDA | 16.80 | 23.66 | 16.18 |