Q2 15 figures are rather disappointing: order intake grew only 2% (-23% for Energy Solutions and +2% for Marine and +13% for Services) while revenue increased 10% to €1,230m leading to a book-to-bill ratio below 1x (0.94x). The EBIT margin was also a bit disappointing at 11.1% (vs 11.8% last year) although better than in Q1 15 (10.1% of sales). EPS was €0.54 vs €0.42 last year. Company reported that restructuring is pending in the Ship Power business to reflect the weak market
17 Jul 2015
Weak demand leads to restructuring in ship power
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Weak demand leads to restructuring in ship power
Wartsila Oyj Abp (WRT1V:HEL) | 0 0 1.7% | Mkt Cap: 11,724m
- Published:
17 Jul 2015 -
Author:
Lionel Pellicer -
Pages:
2
Q2 15 figures are rather disappointing: order intake grew only 2% (-23% for Energy Solutions and +2% for Marine and +13% for Services) while revenue increased 10% to €1,230m leading to a book-to-bill ratio below 1x (0.94x). The EBIT margin was also a bit disappointing at 11.1% (vs 11.8% last year) although better than in Q1 15 (10.1% of sales). EPS was €0.54 vs €0.42 last year. Company reported that restructuring is pending in the Ship Power business to reflect the weak market