Wartsila Corp B Shs (WRTBF) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.296 Good morning, and welcome to this news conference for Wärtsilä 00:00:04.296 -- 00:00:10.262 Q3 2025 results. My name is Hanna-Maria Heikkinen, and I'm in charge of investor relations. 00:00:10.262 -- 00:00:14.587 Today, our CEO, Håkan Agneval, will start with the group highlights, continue with the 00:00:14.587 -- 00:00:21.234 business performance, and after that, our CFO, Arjen Berens, will continue with financials. 00:00:21.234 -- 00:00:25.479 After the presentation, there is a possibility to ask questions. 00:00:25.479 -- 00:00:27.001 Håkan, time to start. 00:00:27.001 -- 00:00:30.575 Thank you, Hanna-Maria. Thank you, and welcome, everybody. 00:00:30.575 -- 00:00:32.439 and 00:00:32.439 -- 00:00:37.511 this quarter was a good quarter actually and and we are moving 00:00:37.511 -- 00:00:41.240 in the right direction but it's also quarter where you need to look a little bit under 00:00:41.240 -- 00:00:47.213 the hood and i mean first of all operating results and cash flow increased 00:00:47.213 -- 00:00:52.884 Order intake was stable at around 1.8 billion euro. 00:00:52.884 -- 00:00:57.112 But if you look at the organic growth, it's actually up 6%. 00:00:57.112 -- 00:01:02.363 And also, if you look at marine and energy specifically, you see that marine order intake 00:01:02.363 -- 00:01:07.733 was actually up 8% and energy order intake was up by 29%. 00:01:07.733 -- 00:01:12.842 The challenge, and I come back to that, is on our battery business, our energy storage 00:01:12.842 -- 00:01:17.870 business, where the order intake in Q3 for new equipment was basically zero. 00:01:17.870 -- 00:01:21.376 But marine and energy growing in a good way. 00:01:21.376 -- 00:01:26.870 This also leads to a strong order book of 8.6 billion euro. 0...