Wartsila Corp (Wartsila) is an engineering company. It provides smart technologies and comprehensive lifecycle solutions for the marine and energy markets. Through 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.

Headquarters Finland

Address Hiililaiturinkuja 2, Helsinki, 00180


Telephone 358 10 7090000

No of Employees 17,547

Industry Industrial Goods and Machinery

Ticker Symbol & Exchange WRT1V (HEL)

Revenue (2021) $5.6B 3.8% (2021 vs 2020)

EPS XXX

Net Income (2021) XXX 44% (2021 vs 2020)

Market Cap* $4.1B

Net Profit Margin (2021) XXX 38.8% (2021 vs 2020)

* As of and is in US$

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IT Services Contracts

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ICT Spend & Tech Priorities

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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
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History

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

Year Event Description
2022 Contracts/Agreements In September, the company entered into an agreement with Caribbean Utilities Company to supply two 10-megawatt energy storage systems.
2022 Contracts/Agreements In September, the company and Green NortH2 Energy signed a letter of intent (LOI) for the development of a cargo vessel that can operate on green ammonia.
2022 Commercial Operation In September, the company’s joint venture Hamina LNG announced to launch commercial operations at its liquefied natural gas (LNG) import facility in Finland’s Hamina port.
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Competitor Comparison

Key Parameters Wartsila Corp Tesla Inc Caterpillar Inc Mitsubishi Heavy Industries Ltd ABB Ltd
Headquarters Finland United States of America United States of America Japan Switzerland
City Helsinki Austin Peoria Chiyoda-Ku Zuerich
State/Province - Texas Illinois Tokyo -
No. of Employees 17,547 99,290 107,700 77,991 104,400
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Tom Johnstone Chairman Executive Board 2020 67
Risto Murto Deputy Chairman Executive Board 2021 -
Hakan Agnevall Chief Executive Officer; President Senior Management 2021 56
Arjen Berends Chief Financial Officer; Executive Vice President Senior Management 2018 54
Tuomas Salosaari Chief Information Officer Senior Management 2021 46
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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