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Research

Wärtsilä: Good performance in a difficult market

By Erkki VesolaAnalyst
Wärtsilä
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Wärtsilä’s Q1 figures landed reasonably close to estimates, although adjusted relative profitability was slightly below expectations. Margins were depressed by weaker sales mix and a strong increase in costs. Wärtsilä’s Q2 guidance was disappointing, but understandable in the current turbulent market situation. Low visibility into demand and earnings drivers led us to cut our estimates for 2022-2024.

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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, Finland.

Read more on company page

Key Estimate Figures28.04.2022

202122e23e
Revenue4,778.05,375.45,704.8
growth-%3.8 %12.5 %6.1 %
EBIT (adj.)357.0379.4500.5
EBIT-% (adj.)7.5 %7.1 %8.8 %
EPS (adj.)0.400.440.56
Dividend0.240.310.43
Dividend %1.9 %1.0 %1.4 %
P/E (adj.)31.068.353.2
EV/EBITDA16.844.428.5

Forum discussions

Sijoituskästi has made a 2.5-minute video about AI-Wärtsilä https://x.com/STNXfi/status/2002064883739996643 Here is a link for those without...
23 hours ago
by Sijoittaja-alokas
4
Spotted in the news, construction of a 500 MWh battery storage system for Peregrine has begun near Dallas, USA. Peregrine issued a press release...
yesterday
by Koala
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News Powered by Cision Renewal of Wärtsilä’s operation & maintenance agreement ensures continued... Wärtsilä Corporation, Trade press release...
12/18/2025, 7:08 AM
by Cadel
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News Powered by Cision Wärtsilä's fuel-flexible engines selected to reduce emissions on two new... Wärtsilä Corporation, Press Release, Wednesday...
12/17/2025, 9:02 AM
by Cadel
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In Wärtsilä’s IR blog, a summary of CEO Håkan Agnevall’s strategy call - including topics like data centers: https://www.wartsila.com/…/tiivistelma...
12/12/2025, 2:03 PM
by Hanna
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News Powered by Cision Wärtsilä sets new global benchmark with fourth stage of Origin’s Eraring... Wärtsilä Corporation, Press release, 11 December...
12/11/2025, 7:11 AM
by Cadel
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News Powered by Cision Wärtsilä ja Aalto-yliopisto uusivat puhtaan energiateknologian innovaatioihin... Wärtsilä Oyj Abp, uutinen, 10.12.2025...
12/10/2025, 7:06 AM
by Cadel
17
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