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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 %1.7 %
P/E (adj.)16.756.238.1
EV/EBITDA21.728.821.0

Forum discussions

News Powered by Cision Wärtsilä marks its tenth Australian project with energy storage system for... Wärtsilä Corporation, Press release, 22...
11 hours ago
by Cadel
9
News Powered by Cision Wärtsilä myy Gas Solutions -yksikkönsä Mutaresille Wärtsilä Corporation, lehdistötiedote, 22.12.2025 klo 8.30 EET Wärtsil...
17 hours ago
by Cadel
22
Sijoituskästi has made a 2.5-minute video about AI-Wärtsilä https://x.com/STNXfi/status/2002064883739996643 Here is a link for those without...
12/19/2025, 5:25 PM
by Sijoittaja-alokas
5
Spotted in the news, construction of a 500 MWh battery storage system for Peregrine has begun near Dallas, USA. Peregrine issued a press release...
12/19/2025, 3:21 PM
by Koala
7
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
16
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
20
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
13
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