Full Year 2024 Wartsila Oyj Abp Earnings Call Transcript

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Feb 05, 2025

Feb 05, 2025 / 08:00AM GMT
Hanna-maria Heikkinen - Wartsila Oyj Abp - Vice President, Investor Relations

Good morning, and welcome to this news conference for Wartsila Q4 '24. My name is Hanna-Maria Heikkinen, and I'm in charge of Investor Relations. Today, our CEO, Hakan Agnevall, will go through highlights, business performance. And then after that, our CEO, Arjen Berends, will continue with the financials. (Operator Instructions) Hakan, please, time to start.

Hakan Agnevall - Wartsila Oyj Abp - President, Chief Executive Officer, Member of the Management Board

Yes. Thank you, Hanna-Maria, and a warm welcome to everybody joining us, which has been a great fourth quarter and a great year.

If we start on the fourth quarter, we had a very strong order intake, net sales and profitability, all three dimensions. So all-time high order book at EUR8.3 billion. Order intake increased by 34%. Net sales increased by 13%. And that translated into comparable operating results that increased with 18%.

And our good journey on services continues. So order intake, up

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