Finland's Wartsila posts first-quarter earnings beat

ReutersApr 28, 2026 6:05 AM

View all comments（0）



HELSINKI, April 28 (Reuters) - Finnish engineering group Wartsila WRT1V.HE reported first-quarter new orders and comparable earnings above analysts' estimates on Tuesday, citing growing interest from the data centre segment.

New orders at the maker of ship engines and power plants rose 10% year-on-year to 2.01 billion euros ($2.35 billion) in the January-March quarter, modestly beating market expectations.

Comparable earnings climbed 16% to 199 million euros, exceeding an average forecast of 193.7 million euros from a company-provided poll of 15 analysts, while revenue remained stable at 1.56 billion euros.
"We continued to see growing interest from the data centre segment during the quarter," CEO Hakan Agnevall said in a statement, referring to demand for Wartsila's power-generating capacity.
The higher order intake contributed "to an all-time high order book," the statement added.
Shares in the company hit a record high of 39.4 euros last week after the group announced an order to supply an off-grid energy solution for a 790-megawatt data centre facility under construction in Texas.
Demand for Wartsila's marine business is expected to remain stable over the next 12 months, while demand for its energy and energy storage businesses is seen improving, the company said.
A recent analysis by Reuters showed the global shipping industry continues to invest in emissions-reducing technologies, shrugging off opposition from the Trump administration to a global carbon pricing framework.

($1 = 0.8541 euros)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Trump’s China Visit Boosts China Stocks Nearly 4%, Alibaba Favored by AI Bets Despite Weak Results

TradingKey - On May 13 (ET), U.S. President Trump arrived in Beijing to begin a three-day visit. Markets expect both sides to engage in dialogue on issues such as trade and technology, a move that has eased concerns over a further escalation of U.S.-China tensions.

Pricing Hiked Three Times to $185. What Gives Cerebras Confidence in Its $49B Valuation After Spurning SoftBank?

TradingKey - AI chipmaker Cerebras Systems is racing toward a US IPO with momentum far exceeding expectations, as Wall Street's fervor for the AI semiconductor sector is fully reflected in the company.

AI Frenzy vs. Crypto Winter: Cerebras Sets Year’s Largest IPO as Crypto Funding Hits Freezing Point

Market capital is exhibiting a powerful "siphon effect," as funds flow continuously toward AI hardware and infrastructure with clearer technological pathways and more defined revenue models. Conversely, the cryptocurrency sector has fallen out of favor due to the absence of these attributes. This suggests that if crypto enterprises can integrate AI development—such as the AI agent economy—they may have an opportunity to break through the current IPO freeze.

Cerebras Systems IPO 2026: Date, Price, Valuation, and Whether CBRS Is Worth Buying

TradingKey - Cerebras Systems (CBRS) IPO prices May 13–14 at $125–$135/share. $26–$27B valuation, 20x oversubscribed, $510M revenue, 47% net margin, OpenAI 750MW deal. Everything you need to know.

SK Hynix Surges 15% to New High: HBM Shortage Until 2028, How Much Longer Can AI Memory King Rise?

TradingKey - During the Asian trading session on May 11, SK Hynix shares rose by more than 15% at one point, hitting an all-time intraday high of 1.949 million KRW, with its market capitalization surpassing $900 billion. The year-to-date cumulative gain is approximately 197.03%, with the share price nearly tripling.

Featured Tools