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
hanna-maria.heikkinen@wartsila.com
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