The earnings call presented a mixed picture with strong order intake, operating margin, and cash flow representing significant achievements. However, challenges with declining net sales and energy storage sales due to periodization were notable. The outlook remains positive with expectations of improved demand in the coming year.
Company Guidance
In the recent earnings call for Wärtsilä's Q1 2024 results, several key financial metrics were highlighted, reflecting a strong quarter for the company. The company reported an 11% increase in order intake, with an organic growth of 17%, supported significantly by a 23% rise in marine order intake. The order book reached an all-time high of EUR 7.3 billion. The comparable operating margin improved to 10%, marking a 50% increase in comparable operating results. Service order intake grew by 7%, while net sales from services rose by 13%, showcasing the importance of this segment to Wärtsilä's business model. The company also reported a robust cash flow from operating activities amounting to EUR 258 million. Despite a 10% decrease in net sales to EUR 1.3 billion, attributed to periodization effects, the company's operational strength was evident in its record-high Q1 cash flow and positive market outlook for both its Marine and Energy segments. Additionally, the company emphasized its strategic focus on decarbonization, highlighted by its involvement in a EUR 200 million collaboration to develop autonomous zero-emission power plants.
Record Order Intake
Order intake increased by 11%, with an organic growth of 17%. Marine order intake specifically rose by 23%.
Strong Operating Margin
Comparable operating margin increased by 50%, achieving a double-digit margin of 10%.
High Cash Flow
Operating cash flow reached EUR 258 million, marking an all-time high for Q1.
Marine Segment Growth
Marine order intake up 23%, and net sales increased by 6%.
Positive Market Outlook
The demand environment for the next 12 months is expected to be better for both Marine and Energy segments.
Decarbonization Initiatives
Leading a EUR 200 million collaboration to develop autonomous and zero-emission power plants.
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Waertsilae Oyj Abp (WRTBY) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WRTBY Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 29, 2024
$4.46
$3.85
-13.68%
Jul 19, 2024
$3.98
$4.02
+1.01%
Apr 26, 2024
$3.34
$3.71
+11.08%
Jan 31, 2024
$2.82
$2.95
+4.61%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Waertsilae Oyj Abp (WRTBY) report earnings?
Waertsilae Oyj Abp (WRTBY) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Waertsilae Oyj Abp (WRTBY) earnings time?
Waertsilae Oyj Abp (WRTBY) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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