Wartsila’s order intake dips 17 pct

Finnish engine manufacturer Wärtsilä informed its order intake decreased 17 percent to 1.08 billion euros in the third quarter of this year.

The company’s net sales increased 9 percent to 1.22 billion euros, as compared to the same quarter in 2014, Wärtsilä said in its January-September report.

“Net sales increased by 9% in the third quarter, supported by growth in aftermarket activities and by the contribution from L-3 Marine Systems International,” Björn Rosengren, President and CEO of Wärtsilä said.

“The Marine Solutions markets remain challenging. Low vessel contracting volumes, together with weak sentiment in the offshore segment, is impacting our order intake,” he added.

Wärtsilä expects its net sales for 2015 to grow by 5-10 percent and its operational profitability to be 12.0-12.5 percent.

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LNG World News Staff; Image: Wärtsilä