Finland's Wartsila Q1 operating profit up 16%; order book at all-time high

Wartsila Oyj Abp

28/04/2026 06:40

Overview

Finland marine and energy tech firm's Q1 net sales were stable year-over-year

Order intake for Q1 rose 10%, reaching an all-time high order book

Comparable operating result for Q1 increased 16% year-over-year

Outlook

Wärtsilä expects Marine demand over the next 12 months to be similar to the prior period

Company sees Energy and Energy Storage demand improving over the next 12 months

Wärtsilä says high geopolitical uncertainty and unclear tariffs may affect growth, especially in Energy Storage

Result Drivers

MARINE AND ENERGY DEMAND - Higher order intake in Marine and Energy segments drove results, supported by electrification, data centre growth, and fleet renewal, per CEO Håkan Agnevall

EQUIPMENT DELIVERY GROWTH - Organic net sales growth was supported by increased equipment deliveries, though longer delivery times are pushing revenue recognition further out, according to management

ENERGY STORAGE HEADWINDS - Energy Storage order intake remained low due to US tariffs, regulatory changes, and intensified competition, putting pressure on segment profitability, company said

Company press release: ID:nWkr3232Fj

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 1.56 bln
Q1 EPS
EUR 0.25
Q1 Adjusted EBIT
EUR 199 mln
Q1 EBIT
EUR 194 mln
Q1 Orders
EUR 2.10 bln
Q1 Pretax Profit
EUR 192 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and 9 "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

Wall Street's median 12-month price target for Wartsila Oyj Abp is €32.00, about 16.3% below its April 27 closing price of €38.21

The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 27 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)