Wartsila Corp B Shs (WRTBF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

And after that, our CFO, Arjen Berends, will continue with the key financials. After the presentation, there's a possibility to ask questions. Håkan, time to start. Thank you, Hanna-Maria, and welcome everybody to Q2 report. Q2, which was a strong quarter, I must say. And I'm very happy to say. So, all-time high order intake and improved operating results. We continue our journey. So total order intake increased by 33% to 2.8 billion euro and that is an all-time high quarter in the history of Wärtsilä. And we recorded all-time highs both in energy and marine. So all-time high quarterly order intake for energy close to 1.7 billion euro. All-time high also order intake for marine at 1.2 billion euro. And that brings us to an all-time high, it's a lot of all-time highs today, all-time high order book of close to 9 billion euro. And here we have a very interesting also piece of information. And I know many of you have been asking about this. So we are providing some clarity now on margin content in order backlog. But first, since the start of 2025, energy order book has more than doubled. While the gross margin of the Energy Equipment Order Book has improved by more than 500 basis points. This is what you have been asking us a lot. What has been the margin development in Energy Equipment Order Book? And now we have it, plus 500 basis points since the start of 2025. Marine & Energy combined service order book increased by 11%, ending up at an all-time high of 2.6 billion euro. Service 12-month rolling book to build continues to be above 1 now at 1.07. Net sales remained stable at 1.6 billion. But if we look at the organic net sales, it's actually up with 5%. And we will talk a lot about reported and organic today. And you will see we have quite a lot of difference. And th...