Wärtsilä projects positive market growth in 2015

Finnish Wärtsilä noted a 10 percent increase in sales in the 4th quarter 2014, where the company's operating profit came to EUR 196 million. Uncertainties concerning investments in 2015 make the supplier more cautious about the coming year, projecting a market growth between zero and 10 percent.

BY KATRINE GRØNVALD RAUN

Finnish supplier and engine manufacturer Wärtsilä achieved an operating profit of EUR 196 million before impairments in the 4th quarter 2014, while the company's net sales increased 10 percent, to EUR 1.5 billion compared to EUR 1.4 billion in the same quarter 2013, according to the 4th quarter and full-year 2014 report, published Thursday morning.

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Wärtsilä projects positive market growth in 2015

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These are Wärtsilä's three guiding factors

Specialized vessels increase Wärtsilä's order volume

Wärtsilä: ECA development has been surprising

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Front page now

Royal Arctic Line's chief executive steps down

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

German logistics company wants to grow 250 percent by 2030

Seven Seas: Customers' green ambitions and actions don't align

DSV's strategy could block acquisition of DB Schencker

German bank to broker CO2 allowances to shipping customers

Jobs