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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.

Photo: Björn Rosengren

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.

Looking at the full-year, the company's operating profit came to EUR 569 million, net sales increased 4 percent, to EUR 4.8 billion, while the orderbook grew to a total of EUR 5.1 billion. These results were achieved in a generally challenging market, and the coming year is also characterized by uncertainty, according to the report.

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