Wärtsilä's order intake and bottom line declines in first quarter

The order intake took a plunge in the first quarter for Finnish manufacturer Wärtsilä, whose bottom line was close to halved. The supplier and its market are currently marked by considerable uncertainty due to the corona crisis.

Jaakko Eskola, CEO at Wärtsilä. | Photo: Wärtsila/PR/Miltton OY / Tomi Parkkonen

The order intake decreased by 12 percent in the first quarter for Finnish Wärtsilä, whose bottom line was nearly halved compared to the same period in 2019, according to the first quarter interim report published by the manufacturer on Tuesday.

The coronavirus outbreak has most recently generated increased pressure on the supplier sector, meaning that Wärtsilä withdrew its outlook for the year at the end of March. At the same time, the supplier would look to find cost savings amounting to EUR 100 million.

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