Jul 18, 2019 / 07:00AM GMT
Jaakko Eskola - WärtsiläOyj Abp-CEO - President & Member of Board of Management
Good morning, everyone, and welcome to Wärtsilä Corporation's Half Year Report, January to June 2019. Here in Helsinki Wärtsilä campus, I have, as usual, the Board of Management, and Natalia and Emilia from Investor Relations. I will go and have, first, a short presentation and then we have time for questions and answers.
So the first 6 months, stable development in net sales and then, at the same time, we have had equipment profitability challenging. If you look at some of the highlights, our Services sales is growing and we have a very strong order book. And regarding the market at the moment, the market environment, we have expected the vessel contracting in the marine market to recover, that's not taking place at the moment. June vessel contracting was very low, just over 20, and the indication towards the year-end is not supporting probably anymore the Clarkson earlier estimates. At the same time, the segments which are very strong for us,
Q2 2019 Wartsila Oyj Abp Earnings Call Transcript
Feb 15, 2024
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