Wartsila Oyj Abp

XMUN:MTA

Record orders: Wartsila said Q2 was a strong quarter, with total order intake up 33% to EUR 2.8 billion, an all-time high driven by record bookings in both Energy and Marine.

Margin improvement: Comparable operating result rose 7% to EUR 218 million, or 14% of sales, while operating result rose 14% to EUR 209 million, or 13.4% of sales.

Energy backlog: Management said the gross margin of Energy’s equipment order book has improved by more than 500 basis points since the start of 2025, and stressed that this reflects pricing and execution, not just mix.

Strong cash flow: Cash flow was EUR 497 million, described as the strongest second quarter in company history, helped by profitability and customer milestone payments.

Demand outlook: The company kept its 12-month demand view at “similar” for both Marine and Energy, but said the underlying market remains very strong and capacity is being expanded to meet demand.

Capacity expansion: Wartsila announced another EUR 90 million investment in Vaasa, taking planned operational capacity to 2.2x 2025 levels by the first quarter of 2029.

Strategic focus: Management highlighted record data center and balancing power orders, plus technology milestones in 100% hydrogen and ammonia engines, as evidence of long-term growth opportunities.