Wartsila Oyj B

Wartsila provides lifecycle power solutions for the marine and energy markets. Co.'s operations can be divided into three segments: Power Plants, in which Co. is a supplier of flexible baseload power plants of up to 600 MW operating on various gaseous and liquid fuels; Ship Power, in which Co. is a provider of products and integrated solutions such as medium-speed diesel and gas engines, low-speed engines, propulsion systems and gears, and seals and bearings; as well as Services, in which Co. supports its customers throughout the life cycle of their installations and provides services including spare parts to operational and maintenance service for both the energy and marine markets.
  • TickerWRT1V
  • ISINFI0009003727
  • ExchangeNasdaq Nordic Helsinki
  • SectorIndustrial Engineering
  • CountryFinland

Analysts

Jon Masdal ...
  • Karl-Johan Bonnevier
  • Martin Huseby Karlsen
  • Ole-Andreas Krohn
  • Tomi Railo

Northern Lights

Tomi Railo

Wärtsilä (Sell, TP: EUR12.00) - Power failure continues

We have cut our 2019–2021e EPS by an average of 5%, mainly on disappointing order announcements and uncertain underlying market trends for Energy and Marine. We reiterate our SELL and have cut our target price to EUR12 (14).

WARTSILA OYJ ABP receives a double requalification that leads to a downgrade to Neutral

WARTSILA OYJ ABP (FI), a company active in the Industrial Machinery industry, sees its general evaluation downgraded to Neutral on account of a double requalification. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour has also deteriorated and is evaluated as risky. theScreener believes that the loss of a star(s) and the increased risk justifies the general evaluation downgrade, which passes to Neutral. As of the analysis date April 26, 2019, the closing price was EUR 14.40 and its expected value was estimated...

Henri Parkkinen

WÄRTSILÄ - Progressing on the right path towards a profitability improvement

Tomi Railo

Wärtsilä (Sell, TP: EUR14.00) - Q1 on the soft side

Q1 on the soft side Q1 was mixed with most elements on the soft side. While clean EBIT was close to our estimates, Marine and Energy sales and orders disappointed, including Service orders in Marine. The overall demand outlook was unchanged, but there was softness in the wording. In our view the uncertainties with Energy activity and the profit outlook remain. With 5% potential downside to our unchanged EUR14 target price, we have downgraded our recommendation to SELL (HOLD).

Tomi Railo

Wärtsilä (Sell, TP: EUR12.00) - Power failure continues

We have cut our 2019–2021e EPS by an average of 5%, mainly on disappointing order announcements and uncertain underlying market trends for Energy and Marine. We reiterate our SELL and have cut our target price to EUR12 (14).

Henri Parkkinen

WÄRTSILÄ - Progressing on the right path towards a profitability improvement

Tomi Railo

Wärtsilä (Sell, TP: EUR14.00) - Q1 on the soft side

Q1 on the soft side Q1 was mixed with most elements on the soft side. While clean EBIT was close to our estimates, Marine and Energy sales and orders disappointed, including Service orders in Marine. The overall demand outlook was unchanged, but there was softness in the wording. In our view the uncertainties with Energy activity and the profit outlook remain. With 5% potential downside to our unchanged EUR14 target price, we have downgraded our recommendation to SELL (HOLD).

Tomi Railo

Wärtsilä (Hold, TP: EUR14.00) - Sluggish orders in Q1

We will focus on orders, the outlook and profitability in the Q1 report, due on 25 April at 08:30 EET. We expect flat orders YOY, dragged down by Energy, where preannounced orders have been sluggish and comparables are tough. We expect sales growth, especially in Marine, but flattish profitability in Q1 YOY. The Q1 report will be based on the new structure, Marine and Energy, which includes their service activities. HOLD and EUR14 target price reiterated.

Henri Parkkinen

WÄRTSILÄ - Notable earnings growth expected in H2

Insider bought: A director bought 1,640 shares at 41.394EUR and

A director at Wartsila Oyj Abp bought 1,640 shares at 41.394EUR and the significance rating of the trade was 65/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names...

Jon Masdal ...
  • Karl-Johan Bonnevier
  • Martin Huseby Karlsen
  • Ole-Andreas Krohn
  • Tomi Railo

Northern Lights

Jesper Ingildsen ...
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Ole-Andreas Krohn ...
  • Tomi Railo

Northeern Lights

Alexander Aukner ...
  • Christer Magnergård
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Jesper Ingildsen
  • Karl-Johan Bonnevier
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Stefan Gauffin

Northern Lights

Antti Kansanen ...
  • Christer Magnergård
  • Christoffer Wang Bjørnsen
  • Eivind Sars Veddeng
  • Martin Arnell
  • Mattias Montgomery
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

WARTSILA OYJ ABP receives a double requalification that leads to a downgrade to Neutral

WARTSILA OYJ ABP (FI), a company active in the Industrial Machinery industry, sees its general evaluation downgraded to Neutral on account of a double requalification. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour has also deteriorated and is evaluated as risky. theScreener believes that the loss of a star(s) and the increased risk justifies the general evaluation downgrade, which passes to Neutral. As of the analysis date April 26, 2019, the closing price was EUR 14.40 and its expected value was estimated...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Sevan Marine ASA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

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EnPro Industries, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's EnPro Industries, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by EnPro Industries, Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advan...

WARTSILA – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Wärtsilä - March 07th 2019

In general, Wärtsilä is in compliance with the Finnish regulations relating the organisation and procedures of the Annual General Meeting. Under ITEM 13, the (re-)election of the board of directors is proposed. The independence ratio on the board will under normal circumstances be 37.5%, indicating that there is insufficient independent representation on the board. In addition, ECGS notes that there are only two women serving on the board, which is below its threshold regarding gender diversity. ECGS furthermore notes that board Chairman, Mr. Lilius, is currently chairing the remuneration com...

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