Wartsila Corp B Shs (WRTBF) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.465 -- 00:00:06.631 Good morning, and welcome to this news conference for Wärtsilä Q1 2025 results. 00:00:06.631 -- 00:00:10.576 My name is Hanna-Maria Heikkinen, and I'm in charge of investor relations. 00:00:10.576 -- 00:00:15.603 Today, our CEO, Håkan Agneval, will start with the group highlights, then 00:00:15.603 -- 00:00:20.249 he will continue with the business performance, and after that, our CFO, Arjen Perens, 00:00:20.249 -- 00:00:23.052 will continue with the key financials. 00:00:23.052 -- 00:00:27.598 After the presentation, we will continue with the Q&A session. 00:00:27.598 -- 00:00:28.651 Håkan, it's time. 00:00:28.651 -- 00:00:30.673 Time to get rolling. 00:00:30.673 -- 00:00:34.916 First quarter was a strong quarter. 00:00:35.218 -- 00:00:40.403 We improved our operating results and we continue to grow 00:00:40.403 -- 00:00:45.929 strong on net sales. We have an all-time high order 00:00:45.929 -- 00:00:51.095 book of about 8.5 billion euro. Net sales increased by 00:00:51.095 -- 00:00:56.703 18% to about 1.6 billion euro. Operating results 00:00:56.703 -- 00:01:01.692 increased by 30% to 165 million euro, 00:01:01.692 -- 00:01:04.396 which corresponds to 10.6% 00:01:04.396 -- 00:01:09.425 of net sales. Comparable operating results increased by 29% 00:01:09.425 -- 00:01:15.275 to 171 million euro, which corresponds to 11% 00:01:15.275 -- 00:01:20.654 of net sales. Our journey in services continues, so good progress 00:01:20.654 -- 00:01:24.604 there. Service order intake increased by 5%. 00:01:24.604 -- 00:01:29.798 Service net sales increased by 6%. And we continue 00:01:29.798 -- 00:01:34.666 with a book to build well above 1, so at 1.12. 00:01:34.666 -- 00:01:40.216 Cash flow, we had a solid cash flow from our operating activities...