Posted on October 23, 2018
Good morning, everyone, and welcome to Wartsila’s Interim Report January to September 2018 Presentation. We have a very familiar concept, so I will give a short presentation and then you have the possibility for questions. And with me here this morning, I have the whole board of management; and Natalia Valtasaari, Head of Investor Relations. And I would like to welcome also Arjen Berends, first time here, our new CFO, to the meeting.
First of all, we had a good development in net sales in the third quarter, that was thanks to very strong sales development in Marine and Energy Solutions. If you look at markets today, we have and we are having a very steady development in the service markets. It’s supported by the development in services in cruise and ferries, and that supports, of course, going forward. The anticipated growth in merchant and offshore has not been there, so that’s a negative development so far. If you look at Marine and Energy, the fundamentals are there. So Marine is supported by the efficient and clean and safe marine today. And energy, of course, supported very much by renewable story, and at the same time, developing world needing energy.
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