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Wartsila Oyj Abp (WRT1V.HE)

WRT1V.HE on Helsinki Stock Exchange

10.55EUR
23 Aug 2019
Change (% chg)

€-0.29 (-2.72%)
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€10.85
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€10.91
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€10.98
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Thu, Jul 18 2019

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Finland's Wartsila sees quarterly profits fall, warns of weaker demand

HELSINKI Finland's Wartsila Oyj missed second-quarter forecasts on Thursday and warned that it expected demand to weaken for both its marine and energy businesses, sending shares in the engineering firm to a three-year low.

Wartsila sees quarterly profits fall, warns of weaker demand

HELSINKI Finland's Wartsila Oyj missed second-quarter forecasts on Thursday and warned that it expected demand to weaken for both its marine and energy businesses, sending shares in the engineering firm to a three-year low.

UPDATE 1-Finland's Wartsila sees quarterly profits fall, warns of weaker demand

* Shares drop 10% to lowest since June 2016 (Adds analyst, CEO comments, details, updates shares)

Wartsila Q2 profits fall, warns of weaker demand

HELSINKI, July 18 Finland's Wartsila Oyj missed second-quarter forecasts on Thursday and warned it expects demand to weaken for both its marine and energy businesses in the coming 12 months, sending shares in the engineering firm 8 percent lower.

UPDATE 1-Finland's Wartsila Q1 orders miss estimates amid sluggish market recovery

April 25 Wartsila said on Thursday its quarterly order intake lagged estimates, as the Finnish engineering group struggled with a slow of recovery in the marine industry and subdued activity in the energy market.

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