Wärtsilä’s poor Q2 FY20 results beat the over-conservative street estimates on almost all financial metrics – while the group’s revenue was flat yoy, the comparable EBIT tanked 51% yoy and new orders declined 27% yoy. But, as management said, amidst the COVID-19 pandemic, the group’s H2 FY20 performance is likely to remain subdued, we believe bulls are unlikely to get control of this script in the near term.
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Wärtsilä’s challenges to persist in FY20
- Published:
20 Jul 2020 -
Author:
Mohit Rathi -
Pages:
3
Wärtsilä’s poor Q2 FY20 results beat the over-conservative street estimates on almost all financial metrics – while the group’s revenue was flat yoy, the comparable EBIT tanked 51% yoy and new orders declined 27% yoy. But, as management said, amidst the COVID-19 pandemic, the group’s H2 FY20 performance is likely to remain subdued, we believe bulls are unlikely to get control of this script in the near term.