Wärtsilä grows orderbook despite continued Covid-19 effects

Service sales are going up at Wärtsilä, but the maritime business is still marked by negative effects of the Covid-19 pandemic on especially the cruise sector.

Wärtsilä-produktion af scrubber til rensning af udstødning fra skibe. | Photo: PR/Wärtsilä

Finnish supplier Wärtsilä grew its orderbook in the third quarter, which saw order growth of 21 percent to EUR 1.2 billion (USD 1.4 billion) against EUR 981 million in the same period last year, but the company is still marked by low activity from the cruise sector.

In the third quarter, Wärtsilä generated profits before taxes of EUR 74 million against EUR 162 million in same period of 2020. Net revenue of EUR 1.1 billion is still considerably lower than last year's net revenue of EUR 3.2 billion.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk unveils design of methanol vessels

For five years, Maersk has been working on developing a new vessel design, which can increase the energy efficiency of its fleet by 20 percent. The first eight vessels are planned to sail on green methanol from 2024.

Further reading

Related articles

Latest news

See all jobs