Wärtsilä hit by low ordering activity

Finnish supplier Wärtsilä saw its sales drop 11 percent in the third quarter. In the short term, the company expects to see improving demand in its maritime business.

BY SØREN PICO, SHIPPINGWATCH

Published: 26.10.20 at 11:27

Uncertainty remains significant, but Finnish supplier Wärtsilä still expects to see improvements soon, not least in its maritime business.

This comes after Wärtsilä most recently saw its combined top line drop 11 percent in the third quarter. Even though the order intake was stable in the period, the company has in 2020 also seen a decline here in the first nine months of the year. The combined order book has also gone down, by 12 percent.

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