Wärtsilä: Positive and other surprises
By Erkki Vesola
Wärtsilä's Q3 figures were stronger than expected at Group level and except for net sales. The company slightly improved its outlook comment, but the announcement of a strategic assessment in the storage business came as a complete surprise. Our earnings forecasts have risen slightly, driven by Energy, and the share's valuation remains attractive.
Wärtsilä
11.03
12.5
Accumulate
Accumulate
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 Figures01.11.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 5,843.0 | 6,281.3 | 7,404.6 |
growth-% | 22.29 % | 7.50 % | 17.88 % |
EBIT (adj.) | 324.0 | 514.0 | 675.5 |
EBIT-% (adj.) | 5.55 % | 8.18 % | 9.12 % |
EPS (adj.) | 0.47 | 0.55 | 0.78 |
Dividend | 0.26 | 0.40 | 0.50 |
Dividend % | 3.30 % | 2.30 % | 2.87 % |
P/E (adj.) | 16.73 | 31.75 | 22.40 |
EV/EBITDA | 21.74 | 16.78 | 12.59 |
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