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Shipping serves as leverage for Wärtsilä

Wärtsilä's order volume continues to decline, but the company finished the third quarter 2013 with an improved result compared to the same period last year.

Photo: Björn Rosengren

Finnish Wärtsilä received fewer orders in the 3rd quarter 2013 compared to the same quarter 2012, and the total amount of orders declined by 14 percent, to a little 1 billion euros in the quarter, a trend similar to what the supplier experienced in the second quarter of this year.

Net revenues increased to around 1.2 billion euros, 14 percent more than in the third quarter 2012, while the result before taxes came to 126 million euros, another increase compared to last year's 99 million euros.

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