Wärtsilä sees earnings drop in 2022

Jack Burke Senior Editor, Compressor Tech2

31 January 2023

Company expresses cautious optimism for 2023

Wärtsilä saw net sales increase by 22% in 2022, but suffered a loss of EUR26 million in large part because of the war in Ukraine and inflationary pressure.

The Finnish company announced its full-year financials during a presentation with financial analysts.

“The year 2022 was characterized by geopolitical tensions and…

Log in to continue reading

Log in for free access to this article and more, including:

  • Industry news and expert insight
  • Digital magazines and reports
  • Newsletters covering the topics that matter to you

If you haven’t completed your free registration yet, we’ll ask you for a few details before returning you to the article.

Login
POWER SOURCING GUIDE

The trusted reference and buyer’s guide for 83 years

The original “desktop search engine,” guiding nearly 10,000 users in more than 90 countries it is the primary reference for specifications and details on all the components that go into engine systems.

Visit Now
CONNECT WITH THE TEAM
Becky Schultz Vice President of Content Tel: +1 480 408 9774 E-mail: becky.schultz@khl.com
Julian Buckley Editor Tel: +44 (0) 1892 784088 E-mail: julian.buckley@khl.com
Chad Elmore Managing Editor Tel: +1 262-347-8808 E-mail: chad.elmore@khl.com
Tony Radke Vice President of Sales Tel: +1 602 721 6049 E-mail: tony.radke@khl.com
CONNECT WITH SOCIAL MEDIA