Wärtsilä provides restated financial information for the year 2023 to reflect the redefined organisational structure
Wärtsilä Corporation, Stock exchange release, 22 March 2024 at 13.00 EET
Wärtsilä provides restated financial information for the year 2023 to reflect the redefined organisational structure
Wärtsilä announced on 6 November 2023 its plan to simplify the organisation and reporting structure by discontinuing Marine Systems as a reporting segment as of 1 January 2024. Gas Solutions business unit was moved to Portfolio Business for divestment, and Exhaust Treatment and Shaft Line Solutions business units were moved from Marine Systems to Marine Power. Consequently, Wärtsilä Marine Power changed its name to Wärtsilä Marine as of January 1, 2024.
Wärtsilä’s new reporting structure
As of 1 January 2024, Wärtsilä has had two reporting segments: Marine and Energy. Portfolio Business continues to be reported as other business activities. The change in the reporting structure is reflected in Wärtsilä’s financial reporting as of the first quarter of 2024.
Restated financial information
Wärtsilä’s financial information for the year 2023 has been adjusted to correspond to the new reporting structure. Changes in comparison figures are presented in separate Excel and PDF files attached to this release. This restatement has no impact on the group’s total financial figures.
For further information, please contact:
Hanna-Maria Heikkinen
Vice President, Investor Relations
Tel: +358 10 709 1461
[email protected]
Wärtsilä in brief
Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve their environmental and economic performance. Our dedicated and passionate team of 17,800 professionals in more than 280 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2023, Wärtsilä’s net sales totalled EUR 6.0 billion. Wärtsilä is listed on Nasdaq Helsinki. www.wartsila.com
