Wärtsilä's net sales for 2011 estimated to de...
Wärtsilä Corporation Company Announcement 15 July 2011, at noon (EET)
Wärtsilä Corporation revises its prospects for 2011. Wärtsilä expects its net
sales for 2011 to decline by 0-5% compared to last year due to weaker than
expected marine service markets and the timing of power plant deliveries.
Wärtsilä has previously estimated net sales for 2011 to grow by 3-5%.
Wärtsilä reiterates its expectation that operational profitability (EBIT% before
nonrecurring items) will be around 11%.
Wärtsilä's order intake for the second quarter 2011 was solid, increasing by 5%
to EUR 1,170 million and by 20% in relation to the previous quarter.
Wärtsilä Corporation's Interim Report for the period January-June will be
published Wednesday 20th July 2011 at 8.30 a.m. Finnish time.
For further information, please contact:
Raimo Lind
Executive Vice President & CFO
Tel: +358 10Â 709 5640
raimo.lind@wartsila.com
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Source: Wärtsilä Oyj Abp via Thomson Reuters ONE
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