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05 December 2020 The on-line newspaper devoted to the world of transports 00:28 GMT+1

July 17, 2020

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Original news
The second quarter of the year is the impact pandemic on the group's activities

Steady revenues. Operating profit and net profit down -49% and -63%

In the second quarter of this year, Finnish revenues Which creates solutions for generating energy for the marine and terrestrial sectors, remained stable 1.22 billion euros. Operating profit decreased by -49% to 49 million euros compared to 96 million euros million euros in the April-June 2019 period and net profit 23 million euros (-63%). In the second quarter of 2020 the value of new orders acquired by the group has fallen 27% having been insoeted for 1.01 billion euros and the value of the orderbook as of June 30 last year was 5.40 12% lower than at June 30, 2019.

In the industry systems business alone maritime authorities, wartsil' has registered new orders for 391 million euros (-38%) Marine Power, which deals with development and implementation of engines, propulsion systems, hybrid technologies and integrated systems, and for 119 million euros (-40%) Marine Systems, which makes products, solutions maritime services. As of June 30, the value order book of the two business segments was equal to 1.91 billion euros (-3%) respectively and 903 million euros (-39%).

Marine Power's division has filed the second quarter of this year with revenues of 420 million euro (-6%) and an operating profit of 21 million euros (-60%), while Marine Sustems division reported revenues EUR 238 million (up 1%) and an operating profit of 26 million euro (up 31%).

"The negative impact of the Covid-19 on our business and those of our customers -- commented the president and CEO of The Hartsil, Jaakko Eskola - is increased during the second quarter. This has been clearly highlighted in the decrease in orders received from all business segments. The drop in demand - specified Eskola - has been particularly relevant in the field of cruises, as travel bans and other travel bans and other limiting measures have forced inactivity most ships. Customer interest in investment in scrubbers was another element of weakness due to turbulence in global oil markets. In the energy sector, customers continued to be reluctant commit to new investment."

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