Wärtsilä's Earnings in Line with Expectations

Published

Credit: Wärtsilä (File Photo)
Credit: Wärtsilä (File Photo)

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)

Current News

GE Vernova Faces Revenue Hit After Offshore Wind Project Setbacks

GE Vernova Faces Revenue Hit A

Gulf Marine Services Extends Middle East Jack-Up Vessel Contracts

Gulf Marine Services Extends M

Cadeler Lines Up Offshore Wind Foundation Installation Job

Cadeler Lines Up Offshore Wind

50Hertz, Skyborn Ink Deal for Gennaker Offshore Converter Platforms

50Hertz, Skyborn Ink Deal for

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine