Wartsila Corp

WRT1V: XHEL (FIN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Wärtsilä Earnings: Record Margin in Soft Q1, but Storage Forces Hard Choices

Joachim Kotze

Apr 28, 2026

Wärtsilä delivered a 12.8% comparable operating margin in the first quarter of 2026—the seasonally weakest quarter—matching the previous quarter's record, while energy order intake hit an all-time quarterly high of EUR 973 million. Shares fell 7% intraday on energy storage concerns.

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Wartsila Corp

Wärtsilä Earnings: Record Margin in Soft Q1, but Storage Forces Hard Choices

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