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Wärtsilä Oyj Abp (HEL:WRT) Wärtsilä Corporation, Corporate Action, 18 November 2008 at 8.00 a.m. local time
The management of Wärtsilä will today at the Capital Markets Day, held in Helsinki, announce that Wärtsilä's net sales are estimated to increase by 10-20% in 2009. This estimate is based on a strong order book, out of which approximately EUR 3,800 million will be delivered in 2009, and on the continued strong development of the Services business. Wärtsilä's total orderbook stood at EUR 7,762 million at the end of September 2008.
In its third quarter interim report Wärtsilä announced that due to the uncertainty of the shipbuilding markets the cancellation risk of orders has increased and that the effects of potential cancellations could amount to approximately 10% of Wärtsilä's total order book value.
Wärtsilä's 2008 prospects remain unchanged Based on the strong order book, Wärtsilä's net sales are expected to grow by about 25% in 2008. The full-year operating margin will exceed 11%.
For further information please contact: Mr Raimo Lind, Executive Vice President & CFO, tel. +358 10 709 5640 or Mr Atte Palomäki, Group Vice President, Communications, tel. +358 10 709 5599.
The presentation material and link to the webcast of the Capital Markets Day can be found on www.wartsila.com/investors. You can also follow the presentations as live webcasts through the following, direct link: http://194.100.179.139/wip/directlink.do?newbrowser=1&pid=2560704.
www.wartsila.com
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