Wartsila Corp - Company Profile

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Wartsila Corp: Overview

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Wartsila Corp (Wartsila) is an engineering company. It offers sophisticated lifecycle solutions and smart technologies for the marine and energy industries. Through its sustainable initiatives, efficiency and data analytics, the company harnesses environmental and economic performance of the vessels and power plants. Wartsila’s offerings include pumps and valves, automation systems, shaft line solutions, low and medium-speed engines, ship design and ballast water treatment systems. It also offers power solutions for all phases of onshore and offshore oil and gas exploration, transportation, and production. The company serves customers in marine and energy sectors in Asia, North America, Europe, and South America. Wartsila is headquartered in Helsinki, Finland.

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Headquarters Finland
Address Hiililaiturinkuja 2, Helsinki, 00180
Website www.wartsila.com
Telephone 358 10 7090000
No of Employees 17,696
Industry Industrial Goods and Machinery
Ticker Symbol & Exchange WRT1V (HEL)
Revenue (2022) $6.1B 22.3% (2022 vs 2021)
EPS XYZ
Net Income (2022) XYZ -133.7% (2022 vs 2021)
Market Cap* $8.2B
Net Profit Margin (2022) XYZ -127.5% (2022 vs 2021)
* As of and is in US$
View Wartsila Corp financials
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Wartsila Corp premium industry data and analytics

140+

Construction Projects

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Project Contacts

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9

IT Services Contracts

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Products and Services

Products Services
Gas Fuel Power Plants Field Services
Liquid Fuel Power Plants Engine Services
Multi Fuel Power Plants Propulsion Services
XYZ XYZ
XYZ XYZ
XYZ XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2023 Plans/Strategy In December, the company announced its plans to introduce four methanol engines to its portfolio, setting a new industry benchmark on the market.
2023 Contracts/Agreements In November, the company signed a strategic partnership agreement to provide its Fleet Electrification and Systems Integrator Services for a project to build the first zero-emission high-speed ferries in the US.
2023 New Products/Services In November, the company introduced the marine sector's first commercially available 4-stroke engine-based solution for ammonia fuel.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Find out more
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Competitor Comparison

Key Parameters Wartsila Corp Caterpillar Inc Mitsubishi Heavy Industries Ltd ABB Ltd Andritz AG
Headquarters Finland United States of America Japan Switzerland Austria
City Helsinki Irving Chiyoda-Ku Zuerich Graz
State/Province - Texas Tokyo - Burgenland
No. of Employees 17,696 109,100 76,859 106,170 29,819
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Tom Johnstone Chairman Executive Board 2020 67
Mika Vehvilainen Deputy Chairman Executive Board 2023 -
Hakan Agnevall Chief Executive Officer; President Senior Management 2021 56
Arjen Berends Executive Vice President; Chief Financial Officer Senior Management 2018 54
Tuomas Salosaari Chief Information Officer Senior Management 2021 46
Non Dignissim Eros Proin vel Convallis 2023 XY
Non Dignissim Eros Proin vel Convallis 2023 XY
Non Dignissim Eros Proin vel Convallis 2023 XY
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