2014; Annual Report 2014 Q1 Interim Report Q2 Interim Report Q3 Interim Report ... www.wartsila.com. Finland's Wartsila reported on Friday a drop of 51% in quarterly operating profit, as demand for its ship technology and power plants slumped because of the coronavirus outbreak. Annual report 2013. Reporting by Tarmo Virki in Tallinn; Editing by Toby Chopra“The decline in demand was especially strong in the cruise industry, as travel bans and other mitigation measures have kept most passenger vessels idle for the past few months,” Eskola said in a statement.Wartsila’s order intake fell 27% from a year ago to 1.0 billion euros, while revenues held at last year’s level at 1.22 billion as the firm delivered orders placed before the pandemic.The company said it has focused on receivables collection, with cashflow from operating activities increasing to 293 million euros from 2 million negative a year before.“Overall, the report was slightly positive in terms of numbers, but market uncertainty remains high,” Inderes analyst Erkki Vesola said in a note.Analysts had forecast revenues to fall to 976 million euros.Like-for-like operating profit for April-June fell to 55 million euros ($62.6 million), but still beat the 44.6 million analysts had expected in a Refinitiv poll.The ship technology and power plants maker said the effects of the pandemic on its 2020 numbers would be material and CEO Jaakko Eskola told analyst call he saw a tough second half of the year ahead, sending the shares 3% lower. Exclusively for iPad. As of the second quarter of 2020, Marine Power, Marine Systems, Voyage, and Energy constitute the reportable segments of the group, while Portfolio Business continues to be reported as other business activities. Finland's Wartsila reported on Friday a drop of 51% in quarterly operating profit, as demand for its ship technology and power plants slumped because of the coronavirus outbreak. Wärtsilä’s financial information for the first quarter of 2020 and full year 2019 has been adjusted to reflect the group’s new reporting structure. A concise view of Wärtsilä in 2013. (Reuters) - Finland’s Wartsila reported on Friday a drop of 51% in quarterly operating profit, as demand for its ship technology and power plants slumped because of the coronavirus outbreak. Wartsila's order intake fell 27% from a year ago to 1.0 billion euros, while revenues held at last year's level at 1.22 billion as the firm delivered orders placed before the pandemic.The company said it has focused on receivables collection, with cashflow from operating activities increasing to 293 million euros from 2 million negative a year before.Analysts had forecast revenues to fall to 976 million euros.The ship technology and power plants maker said the effects of the pandemic on its 2020 numbers would be material and CEO Jaakko Eskola told analyst call he saw a tough second half of the year ahead, sending the shares 3% lower.Like-for-like operating profit for April-June fell to 55 million euros ($62.6 million), but still beat the 44.6 million analysts had expected in a Refinitiv poll.
"Overall, the report was slightly positive in terms of numbers, but market uncertainty remains high," Inderes analyst Erkki Vesola said in a note. Investor relations. Finland's Wartsila reported on Friday a drop of 51% in quarterly operating profit, as demand for its ship technology and power plants slumped because of the coronavirus outbreak. Q2 Interim report 2013 (pdf, 3MB) Q2 Result presentation (pdf, 1MB) q1 2013. Reports & presentations. "The decline in demand was especially strong in the cruise industry, as travel bans and other mitigation measures have kept most passenger vessels idle for the past few months," Eskola said in a statement. Wärtsilä Corporation Interim Report q2 2014. Releases. Q3 Interim report 2013 (pdf, 3MB) Q3 Result presentation 2013 (pdf, 1MB) q2 2013. Q1 Interim report 2013 (pdf, 3MB) Q1 Result presentation (pdf, 1MB) Annual Report 2014. Reporting by Tarmo Virki in Tallinn; Editing by Toby Chopra“The decline in demand was especially strong in the cruise industry, as travel bans and other mitigation measures have kept most passenger vessels idle for the past few months,” Eskola said in a statement.Wartsila’s order intake fell 27% from a year ago to 1.0 billion euros, while revenues held at last year’s level at 1.22 billion as the firm delivered orders placed before the pandemic.The company said it has focused on receivables collection, with cashflow from operating activities increasing to 293 million euros from 2 million negative a year before.“Overall, the report was slightly positive in terms of numbers, but market uncertainty remains high,” Inderes analyst Erkki Vesola said in a note.Analysts had forecast revenues to fall to 976 million euros.Like-for-like operating profit for April-June fell to 55 million euros ($62.6 million), but still beat the 44.6 million analysts had expected in a Refinitiv poll.The ship technology and power plants maker said the effects of the pandemic on its 2020 numbers would be material and CEO Jaakko Eskola told analyst call he saw a tough second half of the year ahead, sending the shares 3% lower. Finland's Wartsila reports halving in Q2 profits. (Reporting by Tarmo Virki in Tallinn; Editing by Toby Chopra) Annual Report (pdf, 6MB) Board of Directors' report (pdf, 480KB) Financials (pdf, 522KB)