Wärtsilä’s share price jumped c.2% (at the time of writing) driven by the strong Q2 22 results. The group reported a beat across order intake, sales, and profitability. However, cash from operations was impacted by delay in milestone payments. Management expects Q3 to be better than the corresponding period of last year, but the outlook continues to be uncertain. We will increase our estimates slightly and are likely to maintain our positive view on the stock.
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Strong Q2 results; outlook remains uncertain
- Published:
21 Jul 2022 -
Author:
Nupur Gupta -
Pages:
3
Wärtsilä’s share price jumped c.2% (at the time of writing) driven by the strong Q2 22 results. The group reported a beat across order intake, sales, and profitability. However, cash from operations was impacted by delay in milestone payments. Management expects Q3 to be better than the corresponding period of last year, but the outlook continues to be uncertain. We will increase our estimates slightly and are likely to maintain our positive view on the stock.