Wärtsilä

A year of all-time highs: order intake, absolute operating result and cash flow “In 2024 Wärtsilä took firm steps towards our targets, and we continued to develop positively in many ways. We achieved all-time highs in order intake, absolute operating result and cash flow from operating activities. During 2024, we also significantly enhanced the profitability of all businesses. Furthermore, our order book is at an all-time high, positioning us well for future success as we move into 2025. Our strategy, the Wärtsilä Way, is yielding results." - Håkan Agnevall, President & CEO, Wärtsilä Corporation We have just published our Financial Statements Bulletin January–December 2024. Read the full report here: https://lnkd.in/gSiqrg2b #FinancialReport #PressRelease

#InCaseYouMissedIt - Since the first conversion in October 2022, Wärtsilä has reported CO2 emission reductions equivalent to the annual emissions of 17,000 cars across ten vessels retrofitted with its Fit4Power solution. With decarbonisation high on the maritime agenda, retrofit technologies, such as Wärtsilä’s Fit4Power solution, have the potential to enable compliance with the rising tide of regulatory requirements. For many ship operators and owners today, the aim is to find flexible solutions that can assure fleets’ long-term fitness in terms of economic performance and environmental compliance.   Discover more. 👉 https://wartsi.ly/3MVPKqh   Wärtsilä Marine | #Fit4Power #MarineIndustry #decarbonisation

From ten-year service agreements to being included in the Dow Jones Sustainability Index Europe (DJSI) for the ninth consecutive year, January offered us plenty of action. 💎 Our monthly recap highlights: 1. Kazakhstan plant: https://wartsi.ly/4jNcic3 2. Dow Jones Index: https://wartsi.ly/3Em2Pbz 3. Carbon capture: https://wartsi.ly/3ErQbb5 4. Xcel Energy: https://wartsi.ly/3Q5pzPA 5. Baleària ferry: https://wartsi.ly/3CrEErL 6. EnviroPac: https://wartsi.ly/3Q3jtPJ 7. Sallaum Lines: https://wartsi.ly/412SGJy #InCaseYouMissedIt #recap

We have just published our Financial Statements Bulletin January–December 2024 In 2024, Wärtsilä’s order intake increased organically by 17%. Service order intake increased, driven primarily by growth in Marine. Equipment order intake increased, supported by higher activity in all businesses. Net sales increased organically by 9%, with clear growth in both service and equipment. The comparable operating result increased by 39% to EUR 694 million, which represents 10.8% of net sales. Comparable operating result increased in all businesses. Cash flow from operating activities ended strong and totalled EUR 1,208 million in 2024, supported by the better result and improved working capital. In 2024, service represented 53% of our net sales and continued to be a major driver for customer satisfaction and profitable growth. We saw good success in moving our customers up the service value ladder. The renewal rate of our service agreements is more than 90%, which is a proof point of the value that our lifecycle agreements are creating for our customers. Read the full report in our latest Stock exchange release: https://lnkd.in/gSiqrg2b #FinancialReport #AnnualReport

In celebration of Wärtsilä's 190th anniversary, we commend the pioneering colleagues who have contributed to the company’s success. Meet Andreij Selänniemi, who works as a Solution Development Manager in Turku, Finland. While it was Andreij’s admiration for his father’s work that sparked his initial interest towards Wärtsilä, Andreij has, during his years with the company, learnt that a deep personal commitment to one's work is actually a shared company culture, one that distinguishes this multi-national company from other corporations. “The people I’ve had the pleasure to work with during my time here have all been very devoted to the work they do - people don’t just come in for the paycheck. This dedication makes Wärtsilä feel like a family-owned business.” Read on about Andreij's journey here: https://wartsi.ly/3UYINbW #Wartsila190 #FuelYourPower #WärtsiläPeople

A simple but powerful secret - how to choose marine engines the smart way💡 The right engine for your newbuild can save you money across the vessel’s lifetime. But how can you choose the right one when the options can quickly become overwhelming? Each manufacturer presents claims and data that seem compelling at first glance. How can we cut through the noise and identify what really matters? Here’s how: 👉 https://wartsi.ly/4gNwysj Follow Wärtsilä Marine to learn what we do in the marine market, where Wärtsilä is a global leader in complete lifecycle power solutions. #ShipEngines #MarineEngines #VesselDesign #MarineEngineering

''Without courage and the right attitude you have nothing'' From pioneering the world’s first computer-based steel-cutting system to inventing vacuum toilets that revolutionised water efficiency, Wärtsilä has repeatedly redefined what’s possible. 💡 Our technological development over the past 60 years has certainly been diverse. With this in mind, let's rewind to the 1960s–70s to revisit some key milestones. 🔭 🏗️⛴️ In the 1970s, Wärtsilä transformed shipbuilding with modular construction, setting a global standard still in use today. 🌱♻️ In 1967, the company was already leading environmental progress, creating one of the first waste management systems for the Finlandia ferry — a visionary move long before sustainability became mainstream. ❄️🔬 A trailblazing Arctic icebreaking venture in the late 1960s not only advanced ice navigation but also laid the foundation for Helsinki’s position as a global hub for ice research and innovation. → Read more to discover how innovation shaped our past and fuels our future: https://wartsi.ly/40F8MYw #Wartsila190 #history #innovation #technology

#HotOffThePress - We are happy to announce the renewal of our Operation & Maintenance agreement with Indian energy company Caparo Power Limited continuing a close partnership that began in 2010. This five-year renewal underscores our commitment to providing reliable energy solutions and services.🤝 The 36 MW plant in Bawal, Haryana, operates with four Wärtsilä 34SG engines powered by natural gas. In addition to operating the plant, the agreement includes maintenance management, spare parts, operational support, and Wärtsilä’s unique Expert Insight solution. Expert Insight is a holistic and proactive predictive maintenance service.💡 “Our company focus is on delivering a reliable and sustainable power supply and this is being made achievable with the support of Wärtsilä’s Operation and Maintenance services. Their technical expertise adds considerable value to our operations." - Mr. Raman Chopra, CEO at CPL. Discover more in our latest announcement: https://lnkd.in/dvSCWhVp Wärtsilä Energy | #EnergyServices #PressRelease #India

Today, we are a team of over 17,800 Wärtsilians in 79 countries across all seven continents. 🌏 While representing 130 different nationalities and varying fields of expertise and job roles, we are united by our impact in enabling sustainable societies through innovation in technology and services. #Wartsila190 #FuelYourPower #history

#HotOffThePress - Wärtsilä has signed a ten-year Lifecycle Agreement with Baleària. The agreement covers the Spanish ferry operator’s new high-speed aluminium structure catamaran Ro-Pax ferry, the Margarita Salas, which recently entered service. The unique ship design delivered by the Astilleros Armon Gijon yard, combining high-speed waterjets with medium-speed gas-fuelled engines, is proving to be very successful, representing a new Ro-Pax ferry reference case. The Wärtsilä agreement will ensure that the key design values of high efficiency, unmatched customer comfort, reduced operating costs, and environmental sustainability are secured and maintained. “Following the successful delivery of our equipment to the ferry newbuild, we are proud to be supporting Baleària with keeping the vessel reliable operations as efficiently as possible during its lifecycle.” - Miguel Sanchez, Director Sales South Europe & Africa, Wärtsilä Marine For more information. 👉https://lnkd.in/eTwHZRbh Wärtsilä Marine | #LifecycleAgreement #Spain #PressRelease #decarbonisation