Wartsila Oyj Abp
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Håkan Agnevall
- Full Time Employees
- 17,879
- Sector
- Producer manufacturing
- Industry
- Trucks/Construction/Farm machinery
- Address
- Hiililaiturinkuja 2 Helsinki UU Finland 00180
- IPO Date
- Jan 1, 1991
- Website
- wartsila.com
- Similar Companies
- Business
- Wärtsilä Oyj Abp is a Finland-based global technology company specializing in innovative technologies and lifecycle solutions for the marine and energy markets. Founded in 1834 and headquartered in Helsinki, the company operates in approximately 80 countries worldwide, with its Marine Business mainly active in Europe, China, and East Asia, and its Energy Business focusing on South and Southeast Asia, the Middle East, Africa, and Latin America. Wärtsilä's principal products include flexible power plants using gas, multi-fuel, liquid fuel, and biofuel technologies; energy storage systems; and integrated marine propulsion systems encompassing engines, hybrid powertrain solutions, and automation and control systems. The company services a broad spectrum of marine vessels such as cruise ships, ferries, merchant ships, navy vessels, special purpose ships, tugs, yachts, and offshore vessels, while also providing extensive lifecycle services including exhaust treatment, shaft line maintenance, and underwater repair. Wärtsilä executes its business through three primary segments: Marine, Energy, and Portfolio Business. The Marine segment focuses on complete marine power solutions and lifecycle services, the Energy segment delivers power plant technologies, energy management, and storage solutions for flexible and sustainable energy production, and the Portfolio Business includes water and waste management, marine electrical systems, gas solutions, as well as automation, navigation, and control systems. The company serves diverse customer bases ranging from shipowners and operators to utilities and independent power producers globally. In the last two years, Wärtsilä has undertaken significant strategic moves including the divestment of its Automation, Navigation and Control System business to Solix Group AB in December 2024, reflecting a strategic focus on core operations. Additionally, it has reported strong financial performance with notable increases in order intake and net sales in 2024. The company continues to emphasize innovation in decarbonization technologies and sustainable energy solutions, supporting its long-term strategy to enhance environmental and economic performance for its customers. Wärtsilä also maintains a commitment to expanding its service offerings, recently augmenting its QuantiServ business line with acquisitions such as the American engineering company LOCK-N-STITCH (2020), and continues to develop integrated solutions for the evolving marine and energy sectors. Wärtsilä is listed on Nasdaq Helsinki and operates over 280 locations globally, generating a majority of its revenue primarily from Europe but with a significant international footprint. It remains a leading player in the propulsion systems, power plant technologies, and lifecycle service markets, positioning itself at the forefront of the transition toward sustainable and flexible energy and marine solutions.
Company News
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Wärtsilä Oyj Abp (WRTBY) Shareholder/Analyst Call Transcript
Wärtsilä Oyj Abp (WRTBY) Q4 2025 Earnings Call Transcript
Wartsila orders miss forecast, but upbeat on data centres
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