Wärtsilä reported mixed figures in H2 18. The order intake was healthy, posting +14% yoy mainly driven by Services and Marine Solutions and leading to a satisfactory book-to-bill of 1.25x. Revenue was down by 3% in Q2, as the Energy business decreased by 11%. Profitability was the main disappointment as the EBIT was flat yoy, leading to a slight improvement in EPS at €0.13 (versus €0.12).
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Overall miss excluding order intake, disappointing
- Published:
19 Jul 2018 -
Author:
Lionel Pellicer -
Pages:
3
Wärtsilä reported mixed figures in H2 18. The order intake was healthy, posting +14% yoy mainly driven by Services and Marine Solutions and leading to a satisfactory book-to-bill of 1.25x. Revenue was down by 3% in Q2, as the Energy business decreased by 11%. Profitability was the main disappointment as the EBIT was flat yoy, leading to a slight improvement in EPS at €0.13 (versus €0.12).