Wärtsilä's Earnings in Line with Expectations

Anne Kauranen
Thursday, April 28, 2022

Finland's Wartsila, a top global marine and energy equipment maker, posted first-quarter earnings roughly in line with expectations on Thursday, citing increased uncertainty in demand and supply in its end markets.

Wartsila said its comparable operating profit increased 61% to 65 million euros ($68.25 million) from 41 million in the year-ago quarter, against a mean estimate of 67.2 million euros expected by 14 analysts in a Vara Research poll commissioned by the company.

($1 = 0.9524 euros)

(Reuters - Reporting by Anne Kauranen; Editing by Jacqueline Wong)

Categories: Marine Equipment Industry News Activity Europe Marine Engines

Related Stories

France Sets Forth 10GW Offshore Wind Tender in Larger Renewables Push

OMV Petrom’s Black Sea Well Fails to Find Significant Gas Volumes

Borr Drilling Secures New Drilling Rig Contracts Across Four Regions

Current News

Valaris Nets $447M Brazil Drillship Extension, Inks Suriname Collaboration Deal

SLB Expands Digital Operations Partnership with Azule Energy off Angola

France Sets Forth 10GW Offshore Wind Tender in Larger Renewables Push

Seadrill’s West Polaris Drillship on Prolonged Stay with Petrobras off Brazil

Subscribe for OE Digital E‑News