16 January 2017
As of 2017, Wärtsilä will change its guidance policy to be consistent with general industry practice. Wärtsilä will discontinue providing numerical financial guidance on net sales and operating result developments. Instead, Wärtsilä's prospects statement will be based on expectations regarding demand development in its markets. Wärtsilä will continue to provide certain financial information, including the order book for current year deliveries, as well as information on key matters that may affect profitability. Wärtsilä's guidance for 2017 will be published in its Financial Statements Bulletin for the year 2016 on 27 January 2017.
Wärtsilä's long-term financial targets remain unchanged. Wärtsilä's long-term target is to grow faster than global GDP and to maintain its operating profit margin between 14% at the peak of the cycle and 10% at the trough. Furthermore, the target is to maintain gearing below 0.50, and to pay a dividend of at least 50% of earnings per share over the cycle.
Wärtsilä in brief
Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2015, Wärtsilä's net sales totalled EUR 5 billion with approximately 18,800 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
Wärtsilä Corporation press release