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

DEME’s Orion Vessel Heads to US After Finishing Scottish Offshore Wind Job

Ocean Charger for Offshore Wind Vessels Proves a Success

RWE Set to Start Onshore Cabling Works for Thor Offshore Wind Farm

Current News

Ørsted Inaugurates Largest Offshore Wind Farms in Asia-Pacific

BW Ideol Presents Standard Floating Wind Foundation for Mass Production

KOIL Energy Lands Multi-Million-Dollar Subsea Deal

PBS Extends Maintenance Contract with TotalEnergies for North Sea Assets

Subscribe for OE Digital E‑News