875 0 Kommentare Wärtsilä's Financial Statements Bulletin January-December 2014 - Seite 2

In December we announced the acquisition of L-3 Marine Systems International, a global supplier of automation, navigation and electrical systems to the marine, naval and offshore markets. Through this acquisition our position in the electrical and automation business will be unique in terms of sector competence.

How the current market uncertainties will impact customers' investment decisions is not yet clear, and therefore our market outlook remains cautious. We are, however, confident that our strategic focus areas position us well, and continue to see opportunities to grow sales and improve profitability in the coming year."

WÄRTSILÄ'S PROSPECTS FOR 2015
Wärtsilä expects its net sales for 2015 to grow by 0-10% and its operational profitability (EBIT% before nonrecurring items) to be between 12.0-12.5%. The guidance excludes the impact of the L-3 Marine Systems International acquisition.

KEY FIGURES

MEUR	10-12/2014	Restated 10-12/2013	Change	1-12/2014	Restated 1-12/2013	Change
Order intake	1 522	1 334	14%	5 084	4 821	5%
Order book at the end of the period				4 530	4 311	5%
Net sales	1 549	1 403	10%	4 779	4 607	4%
Operating result (EBIT)¹	196	211	-7%	569	557	2%
% of net sales	12.7	15.0		11.9	12.1
Profit before taxes ²	157	191		494	544
Earnings/share, EUR ²	0.60	0.74		1.76	1.98
Cash flow from operating activities	212	317		452	578
Net interest-bearing debt at the end of the period				94	276
Gross capital expenditure				101	134
Gearing				0.05	0.15
¹ EBIT is shown excluding non-recurring items. Wärtsilä recognised non-recurring items amounting to EUR 30 million (9) in the fourth quarter, of which EUR 25 million related to the efficiency programme announced in January and EUR 5 million to acquisitions and other costs. During the review period January-December 2014, non-recurring items amounted to EUR 47 million (20), of which EUR 42 million (11) related to the efficiency programme and EUR 5 million to acquisitions and other costs.
² Earnings/share and profit before taxes for January-December 2013 include the sale of Wärtsilä's shares in Sato Oyj.