Wartsila’s 2015 sales up, order intake down

Finnish engine manufacturer Wärtsilä said Wednesday its order intake decreased 3 percent to 4.93 billion euros in 2015. Wärtsilä’s 2015 net sales increased 5 percent to 5.03 billion euros as compared to the year before.

In the fourth quarter, the company’s order intake dropped 8 percent to 1.4 billion euros, while net sales rose 3 percent to 1.6 billion euros, Wärtsilä said in a statement.

“Looking into 2016, we expect the market situation to remain similar to that seen during the previous year. The favorable development of service activity is expected to continue, while conditions in energy markets will remain challenging and the demand for new vessels limited due to overcapacity and low oil prices,” Jaakko Eskola, Wärtsilä’s President and CEO said.

Wärtsilä expects its net sales for 2016 to grow by 0-5 percent and its operational profitability to be 12.5-13 percent.

Dual-fuel marine engine milestone

In a separate statement, Wärtsilä  said its 100th 34DF dual-fuel marine engine will be delivered from the factory in early 2016.

The dual-fuel capability means that it can be operated on either liquefied natural gas (LNG) or conventional diesel fuels.

According to the statement, this delivery will represent part of an order for three new large escort tugs being built for Norwegian operator Østensjø Rederi.

The ships will operate at Statoil’s Melkøya LNG export terminal near Hammerfest in Norway.

1 Euro = 1.08686 U.S. dollars

LNG World News Staff