Wärtsilä’s stock price was down 2% (at the time of writing) as the beat on sales was offset by the miss on operating profit. Order intake was largely in line with street expectations. For FY22, management expects the Russia/Ukraine crisis to continue to impact sales volumes, while margins are expected to be impacted by an unfavourable sales mix and cost inflation. The group continues to refrain from providing guidance due to the uncertain market conditions.
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Lackluster Q1 performance
- Published:
28 Apr 2022 -
Author:
Nupur Gupta -
Pages:
3
Wärtsilä’s stock price was down 2% (at the time of writing) as the beat on sales was offset by the miss on operating profit. Order intake was largely in line with street expectations. For FY22, management expects the Russia/Ukraine crisis to continue to impact sales volumes, while margins are expected to be impacted by an unfavourable sales mix and cost inflation. The group continues to refrain from providing guidance due to the uncertain market conditions.