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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Wärtsilä Oyj    WRT1V   FI0009003727

WÄRTSILÄ OYJ

(WRT1V)
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Wärtsilä Oyj : Wärtsilä's strong position in cruise sector enhanced with new orders

11/03/2020 | 05:05am EST
The technology group Wärtsilä continues to work closely with Italian shipbuilder Fincantieri for the supply of a broad range of solutions to be installed in a number of cruise ships currently being built by the yard. The latest orders are for complete waste treatment systemsand fresh water generators for two vessels - order placed in July 2020 - and for the entertainment systemsfor two new series of ships totalling eight vessels in all, the first orders for which were placed with Wärtsilä in Q1 2020. In August 2020 Wärtsilä has been additionally contracted for a complete technological package supply for other two vessels, including Wärtsilä 46Fengines, selective catalytic reduction (SCR) solutions, hybrid scrubbers, automation, navigation & local entertainment systems, low location lights, valves, public address & general alarm system. All these ships are owned by different cruise operators.

The waste treatment solution includes the handling of both wet and dry waste. Wet waste is treated with Wärtsilä's Membrane Bioreactor technology and includes upstream handling that meets and surpasses the latest IMO regulations. The dry waste package to be supplied will be the first for a large cruise vessel to incorporate Wärtsilä's Micro Auto Gasification System (MAGS), a novel technology that converts waste to energy allowing the unit to be fuelled by synthesis gas from the waste. This is an eco-friendly solution that creates significantly lower levels of greenhouse gas emissions than conventional incinerators, thus meeting sustainability targets set by the ships' owner.

The Wärtsilä entertainment systems have been designed by Wärtsilä to provide the highest level of quality and performance to ensure the ultimate passenger experience. For these new ships, Wärtsilä Entertainment will not only supply turnkey entertainment systems, but also LED architectural lighting, as well as the Public Address and General Alarm systems.

'We are very familiar with Wärtsilä's products and solutions, and are extremely confident that they are the right choice for these exciting new vessels. The cruise industry is setting the pace in sustainable shipping, while the ability to create a high quality passenger experience is constantly improving. We feel that Wärtsilä is contributing heavily in both these areas,' says Massimo Costa, VP Purchasing, Fincantieri.

'These latest contract awards represent a further step in the building of a strong relationship with Fincantieri to provide the cruise industry with the latest and most efficient technological solutions,' says Giovanni Paladino, Key Account Manager, Wärtsilä Marine.

The waste treatment systems are scheduled for delivery in Q4 2021. The entertainment systems will be delivered in line with the vessels' delivery dates commencing in 2022.

Earlier, in 2019, Wärtsilä received orders from Fincantieri for twenty Wärtsilä 46DFdual-fuel engines, twenty Wärtsilä 46Fengines, eight Wärtsilä LNGPacfuel storage, supply and control systems, two Wärtsilä hybrid scrubber systems, as well as Wärtsilä Selective Catalytic Reduction (SCR) solutions, and Wärtsilä gas valve unitsfor the cruise ships under construction at the yard.

Media contact for more information on this release:

Ms Marit Holmlund-Sund
General Manager, Marketing Communications
Tel: +358 (0)40 538 3519

marit.holmlund-sund@wartsila.com

Image caption: Wärtsilä works closely with Italian shipbuilder Fincantieri for the supply of a broad range of solutions to be installed in a number of cruise ships being built by the yard. © Fincantieri

All Wärtsilä releases are available at https://www.wartsila.com/media/news-releasesand at http://news.cision.com/wartsila-corporationwhere also the images can be downloaded.

Wärtsilä in brief:
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2019, Wärtsilä's net sales totalled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com

Disclaimer

Wärtsilä Oyj published this content on 03 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2020 10:04:02 UTC


© Publicnow 2020
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Sales 2020 4 740 M 5 724 M 5 724 M
Net income 2020 165 M 200 M 200 M
Net Debt 2020 662 M 799 M 799 M
P/E ratio 2020 31,8x
Yield 2020 3,31%
Capitalization 5 179 M 6 261 M 6 253 M
EV / Sales 2020 1,23x
EV / Sales 2021 1,23x
Nbr of Employees 18 183
Free-Float 74,8%
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Number of Analysts 16
Average target price 7,71 €
Last Close Price 8,75 €
Spread / Highest target 25,7%
Spread / Average Target -12,0%
Spread / Lowest Target -37,2%
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Jaakko-Veikko Eskola President & Chief Executive Officer
Thomas Johnstone Chairman
Arjen Berends Chief Financial Officer & Executive VP
Jukka Kumpulainen Chief Information Officer & Vice President
Outi Maarit Aarni-Sirviö Independent Director
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