Wärtsilä hosted its Capital Markets Day yesterday, where it provided further colour on its strategic pillars for ‘Transform and Perform’, as well as outlining its plan for achieving the new financial targets. We note that only two of the four announced targets were new, and there was also a lack of a concrete timeline for achievement. Moreover, with too many moving parts involved for reaching the targets, we maintain our cautious stance on the stock’s valuation.
19 Nov 2021
CMD - a lacklustre affair
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CMD - a lacklustre affair
Wartsila Oyj Abp (WRT1V:HEL) | 0 0 1.7% | Mkt Cap: 11,724m
- Published:
19 Nov 2021 -
Author:
Nupur Gupta -
Pages:
4
Wärtsilä hosted its Capital Markets Day yesterday, where it provided further colour on its strategic pillars for ‘Transform and Perform’, as well as outlining its plan for achieving the new financial targets. We note that only two of the four announced targets were new, and there was also a lack of a concrete timeline for achievement. Moreover, with too many moving parts involved for reaching the targets, we maintain our cautious stance on the stock’s valuation.