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 Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Areva-Siemens Raises Claim Over Finnish Reactor Delays

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO),

Ezra Bags $70m in Offshore Contracts

Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group’s Subsea Services division,

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1055 sec (9 req/sec)