Wärtsilä closed FY19 books with weak financials, mainly due to subdued demand / macro-economic uncertainties and operational inefficiencies. Although a modest recovery in Q4 FY19 order-intakes (in both the marine and energy segments) brought some optimism among the investor community, it might be short-lived, if this improvement / demand does not sustain over the coming few months.

31 Jan 2020
Energy outlook revised from ‘weak’ to ‘soft’

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Energy outlook revised from ‘weak’ to ‘soft’
Wartsila Oyj Abp (WRT1V:HEL) | 0 0 1.7% | Mkt Cap: 11,724m
- Published:
31 Jan 2020 -
Author:
Mohit Rathi -
Pages:
3 -
Wärtsilä closed FY19 books with weak financials, mainly due to subdued demand / macro-economic uncertainties and operational inefficiencies. Although a modest recovery in Q4 FY19 order-intakes (in both the marine and energy segments) brought some optimism among the investor community, it might be short-lived, if this improvement / demand does not sustain over the coming few months.