Wärtsilä’s Q1 results were somewhat disappointing, with its order intake and top-line lagging consensus estimates. While higher operating margins – driven by a favourable services mix, helped partially fill the void, restoration of healthy profitability should be a top priority. Even though our estimates would be trimmed, the stock recommendation is likely to be maintained.
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Not a good start to the year
- Published:
25 Apr 2019 -
Author:
Mohit Rathi -
Pages:
3
Wärtsilä’s Q1 results were somewhat disappointing, with its order intake and top-line lagging consensus estimates. While higher operating margins – driven by a favourable services mix, helped partially fill the void, restoration of healthy profitability should be a top priority. Even though our estimates would be trimmed, the stock recommendation is likely to be maintained.