Wärtsilä (WRT1V) AGM 2025 presentation summary

Financial performance and growth

• Achieved all-time highs in profitability, with significant improvement year-over-year.

• Net sales increased by 7%, organically by 9%, and comparable operating result rose by 39%.

• Order intake grew 14% (organically 17%), reflecting continued positive market sentiment.

• Services accounted for 53% of 2024 net sales, with a 39% growth in service net sales since 2021.

• Strong balance sheet with improved cash flow and a proposed dividend of EUR 0.44 per share.

Strategic direction and portfolio management

• Focus on operational improvements and enhanced order book to drive future momentum.

• Portfolio management includes ANCS divestment (expected Q2 2025) and ongoing strategic review of Energy Storage & Optimisation.

• Transfer of Trieste manufacturing site to MSC completed.

• Financial targets set at 5% annual organic growth, 12% operating margin, and gearing below 0.50.

Innovation, sustainability, and decarbonisation

• R&D expenditure at 4.6% of net sales, with advancements in hydrogen, ammonia, and carbon capture technologies.

• Progressing towards decarbonisation targets: zero-carbon fuel-ready portfolio, carbon-neutral operations, and 25% supplier GHG reduction.

• Regulatory and market drivers accelerating decarbonisation in both energy and marine sectors.