Wartsila Corp - Company Profile
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Wartsila Corp (Wartsila) is an engineering company. It offers 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. The company 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.
Headquarters
Finland
Address
Hiililaiturinkuja 2, Helsinki, 00180
Website
www.wartsila.com
Telephone
358 107 090000
No of Employees
17,313
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
WRT1V (HEL)
Revenue (2024)
$7.8B
7.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
24.5%
(2024 vs 2023)
Market Cap*
$20.3B
Net Profit Margin (2024)
XYZ
16.0%
(2024 vs 2023)
* As of and is in US$
Wartsila Corp premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Marine: | Marine: | Wartsila |
| Power and Propulsion | Spare Parts Service | |
| Electric Shipping and Hybrid Ships | Technical Support | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In July, the company signed an 8-year lifecycle agreement with Carnival Corporation to cover four cruise vessels within the Princess Cruises and Carnival Cruise Line fleets. |
| 2026 | Others | In July, the company announced to deliver a range of propulsion solutions for nine newbuild ferry vessels under construction for Grimaldi Group fleets. |
| 2026 | Contracts/Agreements | In July, the company signed an agreement with Midwest Energy for the 104 MW Goodman Energy Center in Kansas, operating on natural-gas Wartsila 34SG engines. |
Competitor Comparison
| Key Parameters | Wartsila Corp | ABB Ltd | Mitsubishi Heavy Industries Ltd | Andritz AG | Alfa Laval AB |
|---|---|---|---|---|---|
| Headquarters | Finland | Switzerland | Japan | Austria | Sweden |
| City | Helsinki | Zuerich | Chiyoda-Ku | Graz | Lund |
| State/Province | - | Zurich | Tokyo | Steiermark | - |
| No. of Employees | 17,313 | 112,700 | 78,793 | 30,557 | 24,832 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Tom Johnstone | Chairman | Executive Board | 2020 | 71 |
| Mika Vehvilainen | Deputy Chairman | Executive Board | 2023 | 65 |
| Hakan Agnevall | President; Chief Executive Officer | Senior Management | 2021 | 60 |
| Arjen Berends | Chief Financial Officer; Executive Vice President | Senior Management | 2018 | 58 |
| Tamara de Gruyter | Executive Vice President; President - Wartsila Energy Storage | Senior Management | 2025 | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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