OverviewSuggest Edit

Wärtsilä is a provider of smart technologies and complete lifecycle solutions for the marine and energy markets. It consists of two businesses: Marine Business and Energy Business. The Marine Business aims to create a smart marine ecosystem in which the maritime industry uses only clean available fuels. The Energy Business provides solutions for optimizing customers’ energy systems and future-proofing their assets. It offers flexible power plants, energy management, and storage systems, as well as lifecycle services.
TypePublic
Founded1834
HQHelsinki, FI
Websitewartsila.com
Employee Ratings3.9
Overall CultureA+

Latest Updates

Employees (est.) (Mar 2021)17,742
Job Openings214
Revenue (FY, 2020)€4.6 B(-10%)
Share Price (Nov 2021)€12.7(+2%)
Cybersecurity ratingBMore
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Key People/Management at Wartsila

Håkan Agnevall

Håkan Agnevall

President & CEO
Risto Murto

Risto Murto

Deputy Chairman of the Board
Hanna-Maria Heikkinen

Hanna-Maria Heikkinen

Vice President, Investor Relations
Riitta Hovi

Riitta Hovi

Deputy General Counsel, Corporate Legal Affairs
Alid Dettke

Alid Dettke

Executive Vice President, Human Resources
Rakesh Sarin

Rakesh Sarin

President, Power Plants & Executive Vice President
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Wartsila Office Locations

Wartsila has offices in Helsinki, Turku, Vaasa, Annapolis and in 78 other locations
Helsinki, FI (HQ)
Hiililaiturinkuja 2
Helsinki, FI
2 John Stenbergin ranta
Turku, FI
Stålarminkatu 45
Vaasa, FI
Järvikatu 2
Vaasa, FI
Tarhaajantie 2
Buenos Aires, AR
piso 8, Carlos Pellegrini 1363
Show all (93)

Wartsila Financials and Metrics

Wartsila Revenue

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View revenue for all periods
Wartsila's revenue was reported to be €4.6 b in FY, 2020 which is a 10.9% decrease from the previous period.
EUR

Revenue (Q1, 2021)

946.0m

Net income (Q1, 2021)

24.0m

EBIT (Q1, 2021)

36.0m

Market capitalization (10-Nov-2021)

7.5b

Closing stock price (10-Nov-2021)

12.7

Cash (31-Mar-2021)

875.0m

EV

7.9b
Wartsila's current market capitalization is €7.5 b.
Annual
EURFY, 2018FY, 2019FY, 2020

Revenue

5.2b5.2b4.6b

Revenue growth, %

5%0%(11%)

Cost of goods sold

2.8b2.8b2.6b

Gross profit

2.4b2.3b2.0b
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

1.2b1.2b1.1b1.2b1.2b995.0m946.0m

Depreciation and amortization

41.0m42.0m58.0m39.0m38.0m47.0m39.0m

EBIT

91.0m96.0m11.0m52.0m49.0m43.0m36.0m

EBIT margin, %

8%8%1%4%4%4%4%
Annual
EURFY, 2018FY, 2019FY, 2020

Cash

487.0m358.0m919.0m

Accounts Receivable

1.2b1.2b922.0m

Inventories

1.2b1.4b1.2b

Current Assets

3.7b3.8b3.7b
Quarterly
Annual
EURFY, 2018FY, 2019FY, 2020

Net Income

386.0m218.0m133.0m

Depreciation and Amortization

130.0m180.0m174.0m

Inventories

(130.0m)(213.0m)112.0m

Accounts Payable

117.0m74.0m(32.0m)
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

59.0m121.0m116.0m29.0m53.0m78.0m24.0m

Depreciation and Amortization

41.0m83.0m141.0m39.0m78.0m124.0m39.0m

Cash From Operating Activities

35.0m(2.0m)(63.0m)42.0m293.0m407.0m67.0m

Capital Expenditures

(13.0m)(37.0m)(60.0m)(24.0m)(50.0m)(73.0m)(29.0m)
EURFY, 2018

Revenue/Employee

271.9k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.5 x
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Wartsila Acquisitions / Subsidiaries

Company NameDateDeal Size
Ships Electronic ServicesMay 01, 2019
Burriel NavarroOctober 01, 2018
Transas GroupMay 01, 2018€183 m
LOCK-N-STITCHFebruary 01, 2018
TridentFebruary 01, 2018
Guidance NavigationOctober 01, 2017
Puregas SolutionsOctober 01, 2017
Greensmith Energy Management SystemsJuly 03, 2017€144 m
EniramJune 30, 2016€43 m
HamworthyNovember 22, 2011£383 m
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Wartsila Revenue Breakdown

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Wartsila revenue breakdown by business segment: 35.2% from Energy, 5.4% from Voyage, 17.5% from Marine Systems, 38.0% from Marine Power and 3.9% from Other

Wartsila revenue breakdown by geographic segment: 34.1% from Asia, 31.4% from Other European Countries, 23.4% from The Americas and 11.1% from Other

Human Capital Metrics

Wartsila's employees are reported to be approximately 17% female and 83% male.
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Wartsila Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Wartsila Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Wartsila Online and Social Media Presence

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Wartsila Company Culture

  • Overall Culture

    A+

    82/100

  • CEO Rating

    A+

    90/100

  • Compensation

    A+

    83/100

Learn more on Comparably

Wartsila News and Updates

Wärtsilä to introduce engine plus emissions abatement package to meet Chinese marine engine emission standard

The technology group Wärtsilä will introduce a combined engine plus selective catalytic reduction (SCR) packaged product aimed at complying with China’s Stage II marine engine emission standard that enters into force in July 2021.

Wärtsilä Corporation: Share repurchase 29.4.2021

Wärtsilä Corporation: Share repurchase 29.4.2021.

Wärtsilä and Tanger Med team up to co-develop next generation Port Management Information System

Wärtsilä has partnered with Tanger Med, the largest Mediterranean and African container port, to take a new step forward in global port efficiency by co-developing a new cutting-edge Port Management Information System (PMIS).

Wärtsilä Corporation: Share repurchase 28.4.2021

Wärtsilä Corporation: Share repurchase 28.4.2021.

Wärtsilä Corporation: Share repurchase 27.4.2021

Wärtsilä Corporation: Share repurchase 27.4.2021.

Latsco LNG Carrier vessels to benefit from Wärtsilä Optimised Maintenance agreement

The technology group Wärtsilä has signed a five-year Optimised Maintenance agreement with Greece-based Latsco LNG Marine Management.
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Wartsila Frequently Asked Questions

  • When was Wartsila founded?

    Wartsila was founded in 1834.

  • Who are Wartsila key executives?

    Wartsila's key executives are Håkan Agnevall, Risto Murto and Hanna-Maria Heikkinen.

  • How many employees does Wartsila have?

    Wartsila has 17,742 employees.

  • What is Wartsila revenue?

    Latest Wartsila annual revenue is €4.6 b.

  • What is Wartsila revenue per employee?

    Latest Wartsila revenue per employee is €259.5 k.

  • Who are Wartsila competitors?

    Competitors of Wartsila include Eni, Clean Harbors and Endur.

  • Where is Wartsila headquarters?

    Wartsila headquarters is located at Hiililaiturinkuja 2, Helsinki.

  • Where are Wartsila offices?

    Wartsila has offices in Helsinki, Turku, Vaasa, Annapolis and in 78 other locations.

  • How many offices does Wartsila have?

    Wartsila has 93 offices.