Research
Wärtsilä: Slow and steady wins the race

By Erkki VesolaAnalyst
Wärtsilä's Q4 figures were quite close to our expectations, slightly below consensus. The company's comments on its own 2023 demand outlook were quite positive.
Wärtsilä specializes in power solutions for the marine and energy sectors. The business is managed based on several business segments and the range includes integrated system solutions, spare parts, and associated service functions during the installation cycle, but also complete operation and optimization services. The company was originally founded in 1834 and is headquartered in Helsinki, Finland.
Read more on company pageKey Estimate Figures31.01.2023
| 2022 | 23e | 24e | |
|---|---|---|---|
| Revenue | 5,841.5 | 6,351.6 | 6,888.4 |
| growth-% | 22.3 % | 8.7 % | 8.5 % |
| EBIT (adj.) | 325.0 | 493.4 | 583.8 |
| EBIT-% (adj.) | 5.6 % | 7.8 % | 8.5 % |
| EPS (adj.) | 0.48 | 0.58 | 0.68 |
| Dividend | 0.26 | 0.40 | 0.50 |
| Dividend % | 3.3 % | 1.3 % | 1.6 % |
| P/E (adj.) | 16.3 | 53.6 | 45.8 |
| EV/EBITDA | 21.7 | 31.4 | 26.2 |
Forum discussions
Here are Paul’s good comments from the strategy call organized by Wärre. Wärtsilä held a quarterly webcast on Thursday discussing the company...
11/27/2025, 4:55 PM
by Sijoittaja-alokas
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