
22 Jul 2024
Good progress, targets discounted
Strong margins despite more normal mix. Adj. EBIT +3-5% despite management caution on Q4. Momentum is there, but normalised multiple too high.

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Good progress, targets discounted
Wartsila Oyj Abp (WRT1V:HEL) | 0 0 1.7% | Mkt Cap: 11,724m
- Published:
22 Jul 2024 -
Author:
ABGSC Capital Goods Research | Karl Bokvist | Olof Cederholm | Anders Idborg -
Pages:
11 -
Strong margins despite more normal mix. Adj. EBIT +3-5% despite management caution on Q4. Momentum is there, but normalised multiple too high.