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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 selected to power new ‘super ferries' series

10/22/2020 | 03:05am EST

The technology group Wärtsilä has been selected by P&O Ferries (P&OF), the British ferry operator, to power their new series of 'super ferries'. The contract is for two vessels, and the orderwas signed in Q1 2020.

The vessels will be powered by the Wärtsilä 31engine, recognised by Guinness World Records as being the world's most efficient 4-stroke diesel engine. The engine's high level of fuel efficiency also reduces exhaust emissions. P&OF has stated that the new vessels 'will be the most sustainable ships ever to sail the English Channel, setting new standards for reliability and cost efficiency.'

'We have worked closely with P&O Ferries and their naval architects on the design of these ships, and in their drive for greater efficiency and lower emission levels that can deliver more sustainable operations. The Wärtsilä 31 is absolutely the right choice for meeting these requirements,' says Karls Hinks, Sales Manager, Wärtsilä Marine Power.

Each ship will feature four 16-cylinder Wärtsilä 31 engines. Delivery to the yard will commence in Q2 2021. The engines will also be fitted with state-of-the-art Wärtsilä Data Communication Units, which utilise artificial intelligence and are supported by the company's Expert Insightcondition monitoring platform. Expert Insight takes predictive maintenance to the next level maximising uptime and lowering operating costs.

The 230 metres long, double-ended RoPax ferries will operate between England and France.

Media contact for more information on this release:

Ms Marit Holmlund-Sund
General Manager, Marketing Communications
Wärtsilä Marine Power
Mobile +358 (0)40 538 3519

marit.holmlund-sund@wartsila.com

Image caption: P&O Ferries' new series of 'super ferries' will be powered by Wärtsilä 31 engines fitted with the latest Wärtsilä Data Communication units.
© P&O Ferries

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 Marine Power in brief
Wärtsilä Marine Power leads the industry in its journey towards a decarbonised and sustainable future. Our portfolio of engines, propulsion systems, hybrid technology, and integrated powertrain systems deliver the reliability, safety, and environmental performance that Wärtsilä's Smart Marine vision encompasses. We offer our customers performance-based agreements, lifecycle solutions, and an unrivalled global network of maritime expertise.
www.wartsila.com/marine
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 22 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2020 07:04:03 UTC


© Publicnow 2020
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Sales 2020 4 678 M 5 647 M 5 647 M
Net income 2020 164 M 198 M 198 M
Net Debt 2020 695 M 839 M 839 M
P/E ratio 2020 28,8x
Yield 2020 3,88%
Capitalization 4 781 M 5 714 M 5 771 M
EV / Sales 2020 1,17x
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Nbr of Employees 18 183
Free-Float 74,6%
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Average target price 7,32 €
Last Close Price 8,08 €
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Jaakko-Veikko Eskola President & Chief Executive Officer
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