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WRT1V — Wartsila Oyj Abp News Story

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Wartsila falls after Q3 orders miss, analysts flag lack of Energy biz hike

** Shares in Wartsila WRT1V.HE fall 5% after the Finnish industrial group posted lower-than-expected orders in the third quarter, with analysts pointing also to lack of outlook hike for its Energy business

** Order intake came in at 1.79 billion euros ($2.09 billion), below 1.87 billion euros seen by analysts on average

** J.P.Morgan analysts attribute the miss to weakness in Energy Storage and Portfolio businesses

** The company keeps its demand outlook for the Energy division unchanged, which JPM says might be disappointing for investors

** Investors were expecting Wartsila to upgrade the demand outlook on potential upside from data centre orders, the broker says

** Wartsila shares, which rose around 10% in the last week and are up 53% YTD, are at the bottom of STOXX 600 .STOXX

(Reporting by Boleslaw Lasocki)

((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))

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