1. What is Wärtsilä’s vision and mission?

Mission

We provide lifecycle power solutions to enhance the business of our customers, whilst creating better technologies that benefit both the customer and the environment.

Vision

We will be the most valued business partner of all our customers.

2. What is Wärtsilä’s strategy?

Wärtsilä aims to be the leader in complete lifecycle power solutions for the global marine markets and selected energy markets worldwide. We see growth opportunities in gas power plants as part of our Smart Power Generation concept, as well as in gas-fuelled engines and related systems for the marine market. We also seek growth in environmental solutions, including scrubbers and ballast water treatment systems. Our strengths are our technological leadership, an integrated product and service offering, our close and long-standing customer relationships, and our unparalleled global presence. Our production and supply chain management serves both our end markets, and we constantly seek ways to maintain cost efficiency and high quality – often in co-operation with leading industrial partners in our key growth markets. Our R&D provides another source of synergies, allowing us to stay at the forefront of technology and innovation in our industry.

We are determined to capture growth opportunities within our end markets, while maintaining a solid profitability. Read more about Wärtsilä’s strategy.

3. What are Wärtsilä’s financial goals?

Wärtsilä’s target is to improve its financial performance and create added value for its stakeholders and society. Wärtsilä’s financial goal is to offer investors a competitive return on their investment through profitable growth.

Our target is to grow faster than global GDP. Our operating profit margin (EBIT%) target is 14% at the peak of the cycle. Even at the trough of the cycle, our target is to keep the operating profit margin above 10%. Our target is to maintain gearing below 50%.

4. What are Wärtsilä’s main geographical markets?

Wärtsilä’s customers are evenly spread around the world. For more information on Wärtsilä’s local presence please visit our local sites.

5. What are Wärtsilä’s main customer segments?

Wärtsilä’s main customer segments in the Ship Power business are ship builders, ship owners and ship operators. In the Power Plants business the customer groups can be divided into: industries, utilities and independent power producers. In the Services business the segment consists mainly of Wärtsilä’s installed engine base.

6. When was Wärtsilä founded?

Wärtsilä was founded in 1834. For more information on Wärtsilä’s history, please visit our About us-section.

7. How many people does Wärtsilä employ?

Wärtsilä currently employs 19,000 people in 70 countries around the world. Find out more about working at Wärtsilä on our Careers-section.  

8. Where are Wärtsilä’s biggest production facilities?

Wärtsiläs biggest production facilities are situated in Vaasa, Finland and in Trieste, Italy. Both centres are designed to produce several engine types.

9. How much of Wärtsilä’s net sales are allocated to R&D?

In 2011 Research and Development totalled EUR 162 million or 3.8% of net sales.

10. What does Wärtsilä’s after market operations include?

Wärtsilä divides its services into six areas of expertise: engine services, electrical & automation services, propulsion services, boiler services, operations & management, and training services. Wärtsilä is the only service provider able to offer such a large range of services to its industry. Read more about Wärtsiläs Services-solutions.

11. What are Wärtsilä’s most important raw materials?

Wärtsiläs most important raw materials are iron, steel, aluminium, metals, bronze, concrete, water and different oils.

12. How is Wärtsilä affected by changes in raw material prices?

The direct effect of oil price changes on production in Wärtsilä is quite limited. The indirect effects of oil price volatility on customers are outweighed in importance by the long economic life of the investments and the availability of alternative fuels.

The Propulsion Business hedges its exposures to different metal prices. These risks are small from the group’s perspective. Metal prices have an indirect effect on engine component costs. This exposure is not hedged but annual agreements are in place to balance the short-term fluctuations.

13. How do changes in currency exchange rates impact Wärtsilä?

Most of Wärtsilä’s business is conducted in euros, and the impact of changes in exchange rates is therefore limited. Foreign exchange exposures are monitored at the Business level and netted and hedged at Group level. The hedges cover such time periods that both the prices and costs can be adjusted to new exchange rates. The Group’s profits and competitiveness are indirectly affected by home currencies of its main competitors: USD, GDP, JPY and KRW. Since Wärtsilä has subsidiaries outside the euro zone, the Group’s shareholder’s equity is also sensitive to exchange rate fluctuations.
 

Currency distribution 2011
%	Net sales	Operating cost	Trade receivables	Trade payables
EUR	68	61	56	82
USD	13	6	3
NOK	2	5	6	4
CHF	2	2	5	3
Other EU currencies	2	4	3	2
SGD	2	2	5	1
BRL	2	3	2	1
INR	2	2	3	1
CNY	2	3	1	1
JPY		2	1	1
Other currencies	6	10	14	4
	100	100	100	100

 

1. Who are the members of the Board of Directors?

In 2011, the Annual General Meeting decided that the Board of Directors shall have nine members: Mr Mikael Lilius, Chairman of the Board, Mr Matti Vuoria, Deputy Chairman of the Board, Ms Maarit Aarni-Sirviö, Mr Kaj-Gustaf Bergh, Mr Alexander Ehrnrooth, Mr Paul Ehrnrooth, Mr Lars Josefsson, Mr Bertel Langenskiöld and Mr Markus Rauramo. Read more about the members.

2. What are Wärtsilä’s Corporate Governance principles?

Please read about our Corporate Governance.

3. Does Wärtsilä have any incentive schemes for management?

Find out more about management incentive schemes.

4. Who are Wärtsilä’s auditors?

The Annual General Meeting appointed the firm of public accountants KPMG Oy Ab as Wärtsilä Corporation’s auditors.

5. Where can I find Wärtsilä’s Articles of Association?

Wärtsiläs articles of association can be found in the Governance section.

1. What is Wärtsilä’s financial year?

Wärtsilä’s financial year is the calendar year; 1.1-31.12.

2. When does Wärtsilä publish its financial results?

The publication date varies from year to year. Please refer to our IR calendar to find the exact date.

3. Where can I find additional financial information on Wärtsilä?

The financials section of our website is a good source of information as well as our annual report.

1. Where are the Wärtsilä shares listed?

Wärtsilä’s shares are listed on the Helsinki Exchanges, which is part of the NASDAQ OMX Group.

2. How many share series does Wärtsilä have?

Wärtsilä has one share series. The series A and B were combined and trading started on the 27th of March 2008.

3. How many outstanding shares does Wärtsilä have?

Information about the development of Wärtsilä’s share capital.

4. Who are Wärtsilä’s largest shareholders?

At the end of 2011 Wärtsilä’s biggest shareholders were Avlis AB, Varma Mutual Pension Insurance Company, Ilmarinen Mutual Pension Insurance Company and Svenska Litteratursällskapet i Finland r.f. An updated list of Wärtsilä’s biggest shareholders.

5. What is the current share price?

Please go to our Sharemonitor to find the most current share price (15 minutes delay), and to follow the development of the share.

6. Does Wärtsilä’s management hold any Wärtsilä shares?

Information on management holdings.

7. What is Wärtsilä’s dividend policy?

Wärtsilä's target is to pay a dividend equivalent to 50% of operational earnings per share. Information on historical dividends 

8. When is the dividend paid out?

The payout date varies from year to year. Information on historical dividends