Finland's Wartsila tops quarterly order estimates carried by data centre power demand

Wartsila Oyj Abp

27/10/2026 07:15

Oct 27 (Reuters) - Finnish engineering group Wartsila WRT1V.HE said on Tuesday its order intake grew 33% in the third quarter, beating market expectations as AI-driven data centre projects drove strong demand for its power plant technologies.
The supplier of power generation equipment and marine engines booked new orders worth €2.37 billion ($2.65 billion) in the quarter, while analysts polled by Vara were expecting €2.06 billion on average.
Wartsila's energy business builds modular power plants and cooling systems for data centres
The company's comparable earnings grew 19% to €212 million, above a Vara consensus of €209.1 million
"We continue to see strong momentum in balancing and data centres for the years to come," CEO Hakan Agnevall said
Wartsila expects demand at its marine and energy divisions over the next 12 months to be similar to the year before
Wärtsilä also set new mid-term targets, aiming for yearly organic sales growth in a low double-digit percentage and a 16% operating margin
($1 = 0.8946 euros)

(Reporting by Marta Frąckowiak in Gdansk, editing by Milla Nissi-Prussak)
((marta.frackowiak@thomsonreuters.com))