Wärtsilä reported weaker-than-expected Q4 FY22 results. While net sales were in line with consensus, order intake and comparable operating result were below both street and our expectations. No wonder the share price reacted negatively (-3.4% at the time of writing). For FY23, management expects demand to improve for the energy storage business but remain the same for the Marine business compared with last year. We maintain our cautiously optimistic view on the stock’s valuation.
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Cost inflation weighs on FY22 results
- Published:
31 Jan 2023 -
Author:
Nupur Gupta -
Pages:
3
Wärtsilä reported weaker-than-expected Q4 FY22 results. While net sales were in line with consensus, order intake and comparable operating result were below both street and our expectations. No wonder the share price reacted negatively (-3.4% at the time of writing). For FY23, management expects demand to improve for the energy storage business but remain the same for the Marine business compared with last year. We maintain our cautiously optimistic view on the stock’s valuation.