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Research

Wärtsilä: Keep your eyes on the horizon

By Erkki VesolaAnalyst
Wärtsilä
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Wärtsilä's Q4'23 pre-silent period conference call offered no significant news, but the business has progressed as expected, and especially our confidence in the good development of the service business strengthened. We raised our profitability forecasts moderately and there is still a reasonable upside in the stock.

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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 Figures04.01.2024

202223e24e
Revenue5,843.06,160.17,394.3
growth-%22.3 %5.4 %20.0 %
EBIT (adj.)324.0505.3690.2
EBIT-% (adj.)5.5 %8.2 %9.3 %
EPS (adj.)0.470.540.79
Dividend0.260.400.50
Dividend %3.3 %1.3 %1.6 %
P/E (adj.)16.758.339.5
EV/EBITDA21.729.921.7

Forum discussions

News Powered by Cision Wärtsilä ja Aalto-yliopisto uusivat puhtaan energiateknologian innovaatioihin... Wärtsilä Oyj Abp, uutinen, 10.12.2025...
11 hours ago
by Cadel
15
News Powered by Cision Wärtsilä ja Siempelkamp Giesserei solmivat strategisen kumppanuuden... Wärtsilä Oyj Abp, lehdistötiedote, 9.12.2025 klo...
yesterday
by Cadel
23
News Powered by Cision Wärtsilä's first power plant with synchronous condenser feature to support... Wärtsilä Corporation, Trade press release...
yesterday
by Cadel
19
Kauppalehti (currently without a paywall) has a Bloomberg article today about U.S. energy needs. The administration wants to promote gas, coal...
12/7/2025, 8:40 AM
by Koala
8
Significant change in analyses, explains some of the share price movements yesterday/today: “Bank of America höjer Wärtsilä två steg till kö...
12/5/2025, 11:30 AM
by Koala
20
News Powered by Cision Wärtsilä launches new co-research project to advance predictive engine safety Wärtsilä Corporation, News, 4 December ...
12/4/2025, 10:17 AM
by Cadel
14
Here are Paul’s good comments from the strategy call organized by Wärre. Wärtsilä held a quarterly webcast on Thursday discussing the company...
11/27/2025, 4:55 PM
by Sijoittaja-alokas
13
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