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.
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Energy outlook revised from ‘weak’ to ‘soft’
- 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.