Wärtsilä Oyj Abp (WRTBF) Q2 2025 Earnings Call Transcript

2025-07-18 13:35:53 ET

Wärtsilä Oyj Abp (WRTBF)

Q2 2025 Earnings Conference Call

July 18, 2025, 3:00 AM ET

Company Participants

Arjen Berends - CFO, Executive VP & Member of the Board of Management

Hakan Agnevall - President, CEO & Member of Management Board

Hanna-Maria Heikkinen - Vice President of Investor Relations

Conference Call Participants

Akash Gupta - JPMorgan Chase & Co, Research Division

Antti Kansanen - SEB, Research Division

Louis Billon - Unidentified Company

Max R. Yates - Morgan Stanley, Research Division

Panu Laitinmäki - Danske Bank A/S, Research Division

Sven Weier - UBS Investment Bank, Research Division

Tomas Skogman - DNB Carnegie, Research Division

Uma Jun Samlin - BofA Securities, Research Division

Vivek Midha - Citigroup Inc., Research Division

Presentation

Hanna-Maria Heikkinen

Good morning, and welcome to this news conference for Wärtsilä Q2 '25 results. My name is Hanna-Maria Heikkinen, and I'm incharge of Investor Relations.

Today, our CEO, Hakan Agnevall, will start with the group highlights. He will continue with the business performance; and after that, our CFO, Arjen Berends, will continue with the key financials. After the presentation, there is a good time for Q&A. Please, Hakan, time to start.

Hakan Agnevall

Yes. Thank you, Hanna-Maria and a warm welcome to everybody online. If we sum up the whole quarter, it's been a very strong quarter for Wärtsilä. Order intake, net sales, operating results and cash flow all increased. So order intake increased by 18% to EUR 2.2 billion, which led us into an all-time high order book of close to EUR 8.8 billion. Net sales went up with 11% to EUR 1.7 billion, and we continue to improve our operating margin and comparable operating results increased by 18%, EUR 207 million, and we are now at 12% of net sales....

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