Wärtsilä boosts result in the fourth quarter
Finland's Wärtsilä lost orders in the fourth quarter but still delivered a solidly improved result, according to the company's interim and annual report for 2015. Shipping and shipbuilding remain challenging, notes the supplier.
BY CHRISTIAN BARTELS
Finnish subcontractor Wärtsilä advanced in the fourth quarter 2015 as the shipping and offshore supplier succeeded in lifting its result before taxes to EUR 199 million compared to EUR 157 million for the same period 2014, just as the net revenue advanced three percent to EUR 1.59 billion compared to 1.55 billion for the fourth quarter last year, according to the annual report, released Wednesday.
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