Oct 25, 2019 / 07:00AM GMT
Jaakko Eskola - WärtsiläOyj Abp-CEO - President & Member of Board of Management
So good morning, everyone, and welcome to Wärtsilä Interim Report Presentation this morning.
I have here with me the whole Board of Management and also our new Head of HR, Alid Dettke. Welcome. And of course, Natalia Valtasaari, the Head of Investor Relations.
I have a short presentation and then as usual, we can have a questions-and-answers session.
Wärtsilä's third quarter was burdened by project-related challenges, as you know, and at the same time, also low equipment demand. At the same time, our Services activity has remained sound.
A couple of words about the market. Our Marine market conditions are today quite sluggish and full year contracting is expected to be below 2018. Cruise, ferry and LNG are actually doing quite well and they are compensating the weaker markets and weaker merchant and offshore markets.
Customers today remain unwilling to commit to scrubber investments due to uncertainty on fuel
Q3 2019 Wartsila Oyj Abp Earnings Call Transcript
Feb 15, 2024
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