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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.

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