Wartsila Corp (OHEL:WRT1V)
€ 18.47 -0.535 (-2.82%) Market Cap: 10.88 Bil Enterprise Value: 10.80 Bil PE Ratio: 37.69 PB Ratio: 5.15 GF Score: 73/100

Q1 2020 Wartsila Oyj Abp Earnings Call Transcript

Apr 21, 2020 / 07:00AM GMT
Release Date Price: €6.36 (-9.04%)
Jaakko Eskola;rtsilÃ;Oyj Abp;CEO
WÃ;President & Member of Board of Management

¤¤- -

Good morning, everyone, and welcome to Wärtsilä Corporation Interim Report January-March 2020.

We have a quite unusual setup this morning. I'm almost alone here with some helping people in Wärtsilä Campus Helsinki. But I'm also joined by the whole Board of Management on lines and from Investor Relations, Natalia Valtasaari and Emilia Rantala.

As usual, I will go through some slides first, and then you have a possibility to ask questions. And if you look at Wärtsilä's first quarter, our net sales were stable, but the profitability was burdened by the COVID-19 impacts and the mix. And couple of words about the COVID-19 first. And really, the escalation of the coronavirus pandemic and concerns regarding its long-term impact on the global economy has resulted in high degree of uncertainty in our industry and the industries of our customers.

We have seen definitely certain disruptions in our operations during the first quarter. Our

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot