Wartsila Corp

WRT1V: XHEL (FIN)
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Wärtsilä Is Benefiting From a Surge in Shipbuilding Activity in 2024

Business Strategy and Outlook

Wärtsilä is an integrated provider of capital equipment and aftermarket parts and service in the global marine and energy markets. Accordingly, it reaps the benefit of sticky, high-profit-margin aftermarket sales that accrue under its installed base business model. Aftermarket maintenance and spare-parts sales account for approximately 50% of group revenue, evidencing the extent to which Wärtsilä can exert control in the lucrative aftermarket for maintenance and original parts for its marine and energy systems and equipment.

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