Subdued order-intake continues for Wärtsilä in Q2 FY19, as both the businesses are facing near-term demand uncertainties. No wonder, management has downgraded its FY19 outlook from ‘solid’ to ‘soft’. We do not see any short-term respite for the company, and will revise our financial estimates downwards.
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Bad times continue
- Published:
19 Jul 2019 -
Author:
Mohit Rathi -
Pages:
3
Subdued order-intake continues for Wärtsilä in Q2 FY19, as both the businesses are facing near-term demand uncertainties. No wonder, management has downgraded its FY19 outlook from ‘solid’ to ‘soft’. We do not see any short-term respite for the company, and will revise our financial estimates downwards.