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Research

Wärtsilä: Keep your eyes on the horizon

By Erkki VesolaAnalyst
Wärtsilä
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Wärtsilä's Q4'23 pre-silent period conference call offered no significant news, but the business has progressed as expected, and especially our confidence in the good development of the service business strengthened. We raised our profitability forecasts moderately and there is still a reasonable upside in the stock.

Wärtsilä specializes in power solutions for the marine and energy sectors. The business is managed based on several business segments and the range includes integrated system solutions, spare parts, and associated service functions during the installation cycle, but also complete operation and optimization services. The company was originally founded in 1834 and is headquartered in Helsinki, Finland.

Read more on company page

Key Estimate Figures2024-01-04

202223e24e
Revenue5,843.06,160.17,394.3
growth-%22.3 %5.4 %20.0 %
EBIT (adj.)324.0505.3690.2
EBIT-% (adj.)5.5 %8.2 %9.3 %
EPS (adj.)0.470.540.79
Dividend0.260.400.50
Dividend %3.3 %1.4 %1.7 %
P/E (adj.)16.755.037.2
EV/EBITDA21.728.220.5

Forum discussions

News Powered by Cision Renewal of Wärtsilä’s operation & maintenance agreement ensures continued... Wärtsilä Corporation, Trade press release...
19 hours ago
by Cadel
11
News Powered by Cision Wärtsilä's fuel-flexible engines selected to reduce emissions on two new... Wärtsilä Corporation, Press Release, Wednesday...
yesterday
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19
In Wärtsilä’s IR blog, a summary of CEO Håkan Agnevall’s strategy call - including topics like data centers: https://www.wartsila.com/…/tiivistelma...
12/12/2025, 2:03 PM
by Hanna
13
News Powered by Cision Wärtsilä sets new global benchmark with fourth stage of Origin’s Eraring... Wärtsilä Corporation, Press release, 11 December...
12/11/2025, 7:11 AM
by Cadel
23
News Powered by Cision Wärtsilä ja Aalto-yliopisto uusivat puhtaan energiateknologian innovaatioihin... Wärtsilä Oyj Abp, uutinen, 10.12.2025...
12/10/2025, 7:06 AM
by Cadel
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News Powered by Cision Wärtsilä ja Siempelkamp Giesserei solmivat strategisen kumppanuuden... Wärtsilä Oyj Abp, lehdistötiedote, 9.12.2025 klo...
12/9/2025, 7:16 AM
by Cadel
25
News Powered by Cision Wärtsilä's first power plant with synchronous condenser feature to support... Wärtsilä Corporation, Trade press release...
12/9/2025, 6:18 AM
by Cadel
22
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