Wärtsilä Corporation, Stock exchange release, 12.10.2016 at 17.15 EET
Wärtsilä estimates net sales and profitability for 2016 to be lower than previously expected
Wärtsilä revises its sales and profitability guidance for 2016, due to lower than anticipated power plant deliveries in the current year. Wärtsilä now expects its net sales to decline by around 5% and its profitability (comparable operating result as a percent of net sales) to be around 12%. Based on delivery schedules, sales and profitability is expected to be concentrated towards the fourth quarter.
Previously Wärtsilä expected its net sales to grow by 0-5% and its profitability to be 12.5-13.0%.
Wärtsilä's Interim Report January-September 2016 will be published on 25 October 2016 at 8.30 a.m. Finnish time.
For further information, please contact:
Executive Vice President & CFO
Tel: +358 10 709 5640
Director, Investor & Media Relations
Tel: +358 10 709 5637
For press information, please contact:
Executive Vice President, Communications & Branding
Tel: +358 10 709 5599
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via Globenewswire