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    Wärtsilä Corporation

    http://www.wartsila.com
    Wärtsilä Corporation
    John Stenbergin Ranta 2
    P.O. Box 196
    00531 Helsinki
    FINLAND
    Tel: +358 10 709 0000
    Fax: +358 10 709 5700

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    Business Segments  

    year 2002


    Wärtsilä Corporation



    Wärtsilä is the leading global ship power supplier and a major provider of solutions for decentralized power generation and of supporting services. In addition Wärtsilä operates a Nordic engineering steel company Imatra Steel and manages a substantial shareholding to support the development of its core business.
    • Net sales MEUR 2,519.0
    • Operating profit MEUR 188.9
    • Profit before extraordinary items MEUR 170.4
    • Balance sheet total MEUR 2,685.0
    • Gearing 0.50
    • Personnel at year end 12,459

    Marine



    Wärtsilä is the leading supplier of ship machinery, propulsion and manoeuvring solutions for all types of marine vessels and offshore applications.
    • Net sales MEUR 763.4
    • Order intake MEUR 506.7
    • Year-end order book MEUR 617.7

    Power plants



    Wärtsilä is a leading global provider of power plants for decentralized power generation. Wärtsilä provides power plants for baseload, peaking, and combined heat and power applications. We also supply solutions for gas compression and for oil and gas pumping. The product range comprises gas- and oil-fired power plants with outputs from 1 to 300 MW and biofuelled power plants with outputs from 3 to 25 MW.
    • Net sales MEUR 666.0
    • Order intake MEUR 427.9
    • Year-end order book MEUR 255.2

    Service



    Wärtsilä supports its customers throughout the lifecycle of its products by ensuring lifetime efficiency. Wärtsilä’s Service business is founded upon the Group’s global base of installed engines and power plants. Wärtsilä is close to its customers through subsidiaries in roughly 60 countries.
    • Net sales MEUR 843.4
    • Personnel at year end 5,644
    • Long-term service agreements for 9,756 MW
    • O&M agreements 2,056 MW

    Imatra steel



    Imatra Steel is Wärtsilä’s special engineering steels company. Imatra Steel produces round, square and flat special steel bars, forged engine and front axle components, leaf springs and tubular stabilizer bars. The company’s customers are European automotive and mechanical engineering companies.
    • Net sales MEUR 200.4
    • Operating profit MEUR 3.2
    • Profit before extraordinary items MEUR -0.4
    • Personnel at year end 1,391

    Holdings



    Assa Abloy (7.6%) is the world ‘s leading lock company. The company is listed on the Stockholm Stock Exchange.
    Wärtsilä Real Estate (100%) is responsible for developing, selling, leasing and maintaining the property assets in the parent company’s balance sheet. Wärtsilä Real Estate also provides professional advice and services on all matters related to the properties owned by Wärtsilä Group.
    • Assa Abloy MEUR 302.4
    • Wärtsilä Real Estate, book value MEUR 21.9




     
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