Finnish ship technology and power plant maker Wartsila reported on Thursday a bigger-than-expected rise in quarterly order intake, saying the market demand had improved for its marine solution business.
* Bookings of new orders in the second quarter increased 14 percent from a year earlier to 1.36 billion euros ($1.57 billion), beating analysts' average expectation of 1.22 billion in a Reuters poll.
* Adjusted operating profit rose 3 percent from a year ago to 126 million euros, roughly in line with the market consensus.
* Revenue was up 8 percent at 1.29 billion euros, compared to 1.21 billion euros in the poll.
* Wartsila, which did not give profit guidance for the full year, said overall development in 2017 was expected to be relatively unchanged from 2016
* Wartsila raised its 2017 market outlook for marine solutions
to "solid" from "soft", citing a favourable vessel contracting mix
* "The general marine market environment remains challenging, as the merchant, gas carrier
, and offshore segments continue to suffer from overcapacity, slow trade growth, and the financial constraints of customers," Wartsila said in a statement.
* Demand is seen solid for services and good for energy solutions.
Reporting by Jussi Rosendahl