In Q1 FY20 (partially infected by Coronavirus), Wärtsilä managed to increase its sales, but profitability slipped materially. More concerning is the subdued outlook/operating environment for both the marine and energy segments, amidst a myriad of challenges – an inevitable recession, restricted mobility, tanked oil prices, cash-crunched utilities and lower energy consumption. No respite is expected in the near term.
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Weak Q1 FY20; more challenging times ahead
- Published:
22 Apr 2020 -
Author:
Mohit Rathi -
Pages:
3
In Q1 FY20 (partially infected by Coronavirus), Wärtsilä managed to increase its sales, but profitability slipped materially. More concerning is the subdued outlook/operating environment for both the marine and energy segments, amidst a myriad of challenges – an inevitable recession, restricted mobility, tanked oil prices, cash-crunched utilities and lower energy consumption. No respite is expected in the near term.