Wartsila Oyj B

Wartsila provides lifecycle power solutions for the marine and energy markets. Co.'s operations can be divided into three segments: Power Plants, in which Co. is a supplier of flexible baseload power plants of up to 600 MW operating on various gaseous and liquid fuels; Ship Power, in which Co. is a provider of products and integrated solutions such as medium-speed diesel and gas engines, low-speed engines, propulsion systems and gears, and seals and bearings; as well as Services, in which Co. supports its customers throughout the life cycle of their installations and provides services including spare parts to operational and maintenance service for both the energy and marine markets.
  • TickerWRT1V
  • ISINFI0009003727
  • ExchangeNasdaq Nordic Helsinki
  • SectorIndustrial Engineering
  • CountryFinland
Expert Corporate Governance Service (ECGS)

Wartsilae - AGM 04 March 2021

We note that as a result of the Covid-19 pandemic the AGM will be held as an electronic meeting only. Consequently, it will not be possible to attend the AGM in person. Under ITEM 10 the board of directors seeks approval for the Company's executive remuneration policy. Although we have no concerns over the proposed changes to the Company’s remuneration policy, the maximum variable remuneration of 350% of annual base salary (50% ST and 300% LT) exceeds the threshold of 300% under our guidelines. In view of Wärtsilä’s size and complexity and/or local market practice, we see no reason to make an...

Karl Bokvist ...
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner – February 2021

Q4 EBIT 6-7% ahead, limited impact on 2021 estimates PMIs down slightly m-o-m, Mining/Semi strong Our key long ideas are: ABB, SKF, Trelleborg

Wartsila Oyj Abp: 1 director bought

A director at Wartsila Oyj Abp bought 23,000 shares at 8.462EUR and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of bo...

WARTSILA sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of WARTSILA (FI), active in the Industrial Machinery industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date January 29, 2021, the closing price was EUR 8.11 and its target price was estimated at EUR 6.20.

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • Håkon Astrup
  • Karl-Johan Bonnevier
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo
  • Viktor Trollsten

Northern Lights

Wartsila Oyj Abp: 1 director bought

A director at Wartsila Oyj Abp bought 23,000 shares at 8.462EUR and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of bo...

Karl Bokvist ...
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner – February 2021

Q4 EBIT 6-7% ahead, limited impact on 2021 estimates PMIs down slightly m-o-m, Mining/Semi strong Our key long ideas are: ABB, SKF, Trelleborg

Aksel Øverland Engebakken ...
  • Derek Laliberté
  • Erik Cassel
  • Fredrik Ivarsson
  • Jan Erik Gjerland
  • Jesper Billeskov
  • Karl Bokvist
  • Karl Fredrik Schjøtt-Pedersen
  • Martin Melbye
  • Øystein Elton Lodgaard
  • Patrik Brattelius
  • Peter Kurt Nielsen
  • Tobias Kaj
  • Victor Forssell

Talking Points - Nokia: Sell on retail hype

Kinnevik (HOLD) Preview: Q4 to show strong private portfolio momentum Valuation now out of line with fundamentals We move to SELL (Buy); TP remains EUR 4.0

Tomi Railo

Wärtsilä (Hold, TP: EUR8.00) - Order stabilisation offers hope

We have cut our 2021e clean EPS by c4% but left 2022e unchanged mainly due to our raised Energy estimates. While Q4 was weak, Service sales and a flat Q1 order outlook was encouraging. We have upgraded to HOLD (SELL) with a new target price of EUR8 (7.5).

Karl Bokvist ...
  • Olof Cederholm

Wartsila - Slow steaming

Combination of headwinds behind 20% adj. EBITA miss Adj. EBITA down 6% ‘21e, -2% ‘22e High earnings uncertainty balanced by low multiples

Karl Bokvist ...
  • Olof Cederholm

Wartsila - Marine margins essentially halved y-o-y

Orders -5%, low margins behind 20% adj. EBITA miss Guides for near-term demand ‘similar’ as previous year Neg. 2021 revisions, but 2022 recovery could be intact

Expert Corporate Governance Service (ECGS)

Wartsilae - AGM 04 March 2021

We note that as a result of the Covid-19 pandemic the AGM will be held as an electronic meeting only. Consequently, it will not be possible to attend the AGM in person. Under ITEM 10 the board of directors seeks approval for the Company's executive remuneration policy. Although we have no concerns over the proposed changes to the Company’s remuneration policy, the maximum variable remuneration of 350% of annual base salary (50% ST and 300% LT) exceeds the threshold of 300% under our guidelines. In view of Wärtsilä’s size and complexity and/or local market practice, we see no reason to make an...

Expert Corporate Governance Service (ECGS)

Wärtsilä - AGM 05 March 2020

In general, Wärtsilä is in compliance with the Finnish regulations relating the organisation and procedures of the Annual General Meeting. Under ITEM 10 the board of directors seeks approval for the Company's executive remuneration policy. ECGS notes that this is the first time that Wärtsilä puts its executive remuneration policy to a(n) advisory vote, which it strongly welcomes. ECGS furthermore applauds all the proposed changes to said policy. On the other hand, ECGS notes that the maximum variable remuneration is not in accordance with its guidelines. Accordingly, ECGS recommends to vote O...

WARTSILA – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Wärtsilä - March 07th 2019

In general, Wärtsilä is in compliance with the Finnish regulations relating the organisation and procedures of the Annual General Meeting. Under ITEM 13, the (re-)election of the board of directors is proposed. The independence ratio on the board will under normal circumstances be 37.5%, indicating that there is insufficient independent representation on the board. In addition, ECGS notes that there are only two women serving on the board, which is below its threshold regarding gender diversity. ECGS furthermore notes that board Chairman, Mr. Lilius, is currently chairing the remuneration com...

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • Håkon Astrup
  • Karl-Johan Bonnevier
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo
  • Viktor Trollsten

Northern Lights

Ebba Bjorklid ...
  • Frank Maaø
  • Håkon Astrup
  • Jimi Lehtonen
  • Joachim Gunell
  • Niclas Gehin
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Christoffer Wang Bjørnsen ...
  • Frank Maaø
  • Håkon Astrup
  • Jimi Lehtonen
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Frank Maaø ...
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Paul Harper
  • Simen Mortensen
  • Tomi Railo
  • Viktor Trollsten

Northern Lights

Ole-Andreas Krohn ...
  • Tomi Railo

Northern Lights

WARTSILA sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of WARTSILA (FI), active in the Industrial Machinery industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date January 29, 2021, the closing price was EUR 8.11 and its target price was estimated at EUR 6.20.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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