Wärtsilä reported its Q3 18 results, which were below market expectations. Revenue grew double-digit but did not result in a margin improvement which was a disappointment. It is now rather unlikely that the company will be able to increase its operating margins in 2018. Order intake was stable amid a mixed trend within segments including -65% in Energy solutions due to project postponements and +55% in marine. All in all, the results were disappointing at several levels and the shor
23 Oct 2018
Disappointing margins once again
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Disappointing margins once again
Wartsila Oyj Abp (WRT1V:HEL) | 0 0 1.7% | Mkt Cap: 11,724m
- Published:
23 Oct 2018 -
Author:
Lionel Pellicer -
Pages:
3
Wärtsilä reported its Q3 18 results, which were below market expectations. Revenue grew double-digit but did not result in a margin improvement which was a disappointment. It is now rather unlikely that the company will be able to increase its operating margins in 2018. Order intake was stable amid a mixed trend within segments including -65% in Energy solutions due to project postponements and +55% in marine. All in all, the results were disappointing at several levels and the shor