Wartsila Corp B Shs (WRTBF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi all and welcome to this news conference for Wärtsilä Q4 25 results. My name is Hanna-Maria Heikkinen and I'm in charge of investor relations. Today our CEO Håkon Agneval will start with the group highlights. He will continue with the business performance and after that our CFO Arjen Behrens will continue with key financials. After that we will discuss the dividend proposal and also the outlook. After the presentation there is a good opportunity to ask questions. Time to start, Håkan. Thank you, Hanna-Maria. And before you leave, congratulations. You were voted to the most popular investor relations professional in Finland. Thank you, Håkan. And thank you, first of all, to Håkan, Arjen and all of the Wärtsilä management, but also all of the analysts and investors who have been engaging in our dialogue and providing very inspiring questions. Thank you. Thank you. Thank you. So, Q4. And 2025, I think this has been a great year. And we are on a great journey, I would say. If I sum it up in one word, great. But you also need to look a little bit beyond, and I will come back to that. So if we start with Q4, all-time high operating profit and cash flow. And look at the order intake. And if we focus on energy and marine, it's developing quite positively. So marine order intake increased by 8%. while the organic growth, which when we exclude FX impact and impact of acquisition, was actually 11%, double digit. On the energy side, the energy order intake increased by 4%, while the organic was 13%, so also there double digit. Total order intake, and this is where it gets a little bit complex. The total order intake for the group was down 11% to 2.2 billion euro due to two drivers. Basically, a strong comparison period in energy storage. Energy storage had decent order intake ...