Wärtsilä: Sales are Up

Monday, March 15, 2004
Wärtsilä's CEO Ole Johansson, at the company's Annual General Meeting, said net sales have risen in early 2004.

"Wärtsilä's net sales in January-February showed a slight increase compared to last year. Ship Power's orders are at last year's level. Power plant order intake is on a lower level than last year. The personnel consultations concerning the discontinuation of manufacturing in Turku and Mulhouse have affected production with the result that the first-quarter operating result of the Power Businesses will be clearly weaker than during the same period last year," he said.

The profitability estimate for the whole of 2004 will remain unchanged. Wärtsilä's operational profitability will improve slightly. The impact of capacity reductions of the company's performance will become visible during 2005. The 7-8% operating margin target for the Power Businesses will be reached by the end of 2005.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Pirates Switch to Kidnapping Crew as Oil Fetches Less

Pirate gangs in West Africa are switching to kidnapping sailors and demanding ransom rather than stealing oil cargoes as low oil prices have made crude harder to sell and less profitable,

Baltic Index Down for Third Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday for the third straight session, as demand for bigger vessels weakened.

Kongsberg, DNV GL Partner to Reduce Training Costs

Kongsberg Maritime has entered a partnership with class society DNV GL to issue Product Certificates for Maritime Simulator Systems required by maritime training

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0710 sec (14 req/sec)