Wärtsilä: From Russia with loss

By Erkki Vesola
On Wednesday, Wärtsilä announced that it would write down EUR 200 million from its Russian operations and ramp down almost all of its Russian operations. At the same time, the company's combined Russia risk proved to be higher than previously estimated. We have made the corresponding estimate changes. The uncertain market outlook has pushed the company's share price to a remarkably low level and we still consider the share's long-term potential to be significant.