Monday, July 18, 2011

Wartsila sales to fall


 
Finnish engine maker Wartsila has projected a decline of up to 5% in net sales for 2011 after previously expecting sales to grow by around 5% compared to last year.

The company said that weaker than expected marine systems markets and the timing of power plant delivers would see net sales diminish in comparison to 2010.


The Helsinki-based firm had previously projected that it would grow on its 2010 performance but it still anticipates that operational profitability will be around 11%.

Wartsila said orders for the second quarter of 2011 were “solid” and had increased by 5%. This was matched by a 20% increase on the same quarter in 2010.



Published : July 18, 2011

Source: Asiasis




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