Q1 2026 Wartsila Oyj Abp Earnings Call Transcript
Key Points
- Wartsila Corp (WRTBF) reported a strong start to 2026 with double-digit growth in order intake, reaching EUR 2.1 billion.
- The company achieved an all-time high order book of EUR 8.9 billion, indicating robust future demand.
- Energy order intake increased significantly by 56%, with organic growth reaching 66%.
- Comparable operating results improved by 16% to EUR 199 million, representing 12.8% of net sales.
- Wartsila Corp (WRTBF) maintained a high return on capital employed at 64%, showcasing efficient capital utilization.
- Cash flow from operating activities was lower than usual at EUR 7 million, attributed to building up engines for future deliveries.
- The energy storage segment faced challenges with a 53% decline in order intake, risking a loss-making second half of 2026.
- Service net sales decreased by 9%, impacted by FX and divestments.
- The geopolitical uncertainty and tariff-related issues pose risks to future growth and investment decisions.
- Marine retrofit projects faced delays, affecting service growth in this segment.
Good morning for Wartsila Q1 2026 results. My name is Hanna-Maria Heikkinen of Investor Relations. Today, our CEO, Hakan Agnevall, will start with the group highlights. He will also go through business performance. And after that, our the CFO, Arjen Berends, will continue with key financials. After the presentation, there's plenty of time for Q&A.
Hakan, please, time to start.
Thank you, Hanna-Maria, and a warm welcome to our Q1 report. I'm joining you today from Shanghai. So it's a pleasure to be here in China. As you know, China accounts for more than half of the world's shipbuilding capacity. So it's a highly relevant place for us to be as Wartsila.
But if we start with the first quarter, I would say we have a strong start of the year, both in Marine and Energy. So we start good in 2026. So if we look at the summary, double-digit growth in
| 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... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
