Table of Contents 2
List of Tables 4
List of Figures 4
Wartsila Corporation - Key Facts 5
Wartsila Corporation - Business Description 5
Wartsila Corporation - Major Products and Services 6
Wartsila Corporation - History 7
Wartsila Corporation - Key Competitors 9
Wartsila Corporation - Key Employees 9
Wartsila Corporation - Key Employee Biographies 10
Wartsila Corporation - Company Statement 11
Wartsila Corporation - Locations And Subsidiaries 12
Head Office 12
Other Locations & Subsidiaries 12
Wartsila Corporation - Financial Ratios 14
Financial Ratios - Capital Market Ratios 14
Financial Ratios - Annual Ratios 14
Financial Ratios - Interim Ratios 15
Financial Ratios - Ratio Charts 16
Recent Developments 17
Financial Announcements 17
Jan 29, 2009: Wartsila Declares 2008 Results 17
Oct 30, 2007: Wartsila Reports Q3 2007 Results 18
Aug 03, 2007: Wartsila Reports Q2 2007 Results 19
May 04, 2007: Wartsila Reports Q1 2007 Results 19
Feb 05, 2008: Wartsila Declares Q4 2007 Results 19
Jul 22, 2009: Wartsila Reports Net Sales Of EUR1.33 Billion In Q2 2009 21
Mar 03, 2008: Wartsila Declares 2007 Results 23
Feb 28, 2008: Wartsila Proposes To AGM For Extra Annual Dividend 23
Oct 22, 2009: Wartsila Reports Profit Of EUR87 Million In Q3 2009 24
Other Significant Developments 26
Jun 01, 2007: Wartsila Appoints Vice President For Corporate Internal Audit 26
Apr 16, 2007: Wartsila Appoints Director, Investor Relations 26
Apr 12, 2007: Wartsila Appoints President For Wartsila North America 26
May 26, 2009: Wärtsilä Corporation appoints new board of management 26
Feb 21, 2008: Wartsila To Deliver SOFC Fuel Cell Plant To Vaasa Housing Fair Site In Finland 27
Nov 23, 2009: Wartsila Appoints Markus Pietikäinen As New Vice President 27
Dec 17, 2009: Orca Exploration Begins Natural Gas Sales To Tegeta Power Plant In Tanzania 28
New Projects 28
Sep 09, 2009: Construction of Wartsila’s new central distribution centre begins in Netherlands 28
New Contracts 29
Dec 17, 2008: Wartsila Wins Five Year O&M Contract From Argentina 29
Dec 12, 2007: Wartsila Wins Contract From Summit 29
Dec 12, 2007: Wartsila Signs Operations And Maintenance Agreements 29
Dec 12, 2007: Wartsila Wins Contract From Royal Navy 30
Dec 11, 2007: Wartsila Wins Contract From T&TEC 31
Nov 30, 2007: Wartsila Wins Contract To Supply Biomass Power Plant In Czech 31
Nov 06, 2007: Wartsila Wins Contract To Supply BioEnergy Heating Plant 32
Oct 29, 2007: Wartsila Wins EUR38 Million Contract From AzerEnerji 32
Jan 27, 2009: Wartsila Receives Contract For Supply Of Equipment And Engineering For 80 MW Power Plant In Uruguay 32
Oct 24, 2007: Wartsila Wins Turnkey Power Plant Contract In Jordan 33
Oct 02, 2007: Wartsila Receives CHP Plant Order From Belarus 34
Jan 29, 2009: Wartsila Receives Order For 100 MW Multi-Fuel Power Plant From Lafarge, Nigeria 34
Jul 30, 2007: Wartsila Gets 160 MW Power Plant Order From Pakistan 34
Jun 20, 2007: Wartsila Wins Contract From JB Entech In South Korea 35
May 11, 2007: Wartsila Wins Contract From Lucky Cement In Pakistan 35
May 07, 2007: Wartsila Wins Contract To Supply Biolers In Russia 36
Feb 21, 2007: Wartsila Signs Equipment Supply Contract With Midwest 36
Sep 04, 2007: Wartsila Wins Supply Contract From Haapajarven 36
Jun 15, 2007: Wartsila Wins Contract From NADEC In Saudi Arabia 36
Feb 06, 2009: Wartsila Wins Conversion Orders From Brazilian Power Producers 37
Feb 06, 2009: Wartsila gets conversion orders from Brazilian power stations 38
Mar 10, 2009: Wartsila Receives Ship Design Order From Sartor Shipping 38
Jul 20, 2009: Wartsila lands two power plant orders from Mediterranean Islands 38
Jul 20, 2009: Wartsila Bags Orders For Power Equipment From Greece and Cyprus 39
Jan 14, 2008: Wartsila Wins Contract From STEC For 203 MW Gas Power Plant 39
Mar 03, 2008: Wartsila Receives Two Contracts From S&N To Install Biomass Plants 39
Oct 21, 2009: Wartsila To Supply Engineering And Equipment For New Bio-Fuelled Power Plant, Italy 40
Oct 20, 2009: Wartsila Becomes Supplier Of Bilge Water Treatment Units To Stolt Tankers 40
Sep 25, 2009: Wartsila To Integrate Systems In FellowSHIP Project 41
Nov 09, 2009: Wartsila Wins Ship Design Contract For 12 Vessels To Be Built In India 42
Dec 23, 2009: Wartsila Receives Contract To Operate And Maintain 160 MW Coal Fired Power Plant In Rajasthan, India 42
Dec 28, 2009: Wartsila Enters Into Agreements To Supply Equipment For Four Gas Power Plants In Turkey 42
Dec 29, 2009: Wartsila Gets 117 MWe Contract To Supply Turnkey Power Plant In Mombasa, Kenya 43
Dec 30, 2009: Wärtsilä And Maersk LNG Sign Service Contract To Optimize Availability And Operational Economy 43
Apr 23, 2008: Wartsila Receives Order From Greenpower For CHP Plant In Belgium 44
Apr 16, 2008: Wartsila Receives Operations And Maintenance Contract In Brazil 44
Apr 11, 2008: Wartsila Wins Contract From Nishat Power For 200 MWe Power Plant 45
Jul 21, 2008: Wartsila To Supply 100 MW Tri-Fuel Power Plant To ContourGlobal 45
Aug 04, 2008: Wartsila Receives Power Plant Order From ETA Star To Supply 36 MW Power Plant 45
Aug 22, 2008: Wartsila Wins Contract From EEM To Supply 54.5 MW Power Plant 46
Aug 28, 2008: Wartsila Wins EUR159 Million Order To Deliver 331 MW Power Plant Project To Brazil 46
Aug 20, 2007: Woodward Signs Three-Year Sourcing Agreement Wartsila 47
Sep 29, 2008: Wartsila To Deliver 200 MW Power Plant To Pakistan 47
Nov 07, 2008: Wartsila Wins Ship Design And Propulsion Package Orders For Three Sealion Vessels 48
Nov 10, 2008: Wartsila Wins O&M Contract In Pakistan 48
Operations Updates 49
Oct 24, 2007: Wartsila Commence Operations At Espoo 49
Feb 09, 2009: Wartsila opens new and modern workshop in Taranto 49
Apr 16, 2009: Wartsila, CSIC And Mitsubishi Inaugurate Marine Diesel Engine Factory In China 50
May 27, 2009: Wartsila Tests Its Engines To Run On Renewable Fuels 50
Nov 07, 2009: Wartsila introduces power plant in Pakistan 51
Jul 15, 2008: Wartsila Inaugurates Fuel Cell Power Plant At Vaasa Housing Fair 51
Aug 20, 2008: Wartsila Inaugurates New Plant Extension In Khopoli, India 52
Strategy and Business Planning 52
Dec 19, 2008: Wartsila Opens New Office In Odessa, Ukraine 52
Oct 31, 2007: Wartsila, BMZ Sign Licence Agreement For Manufacturing Marine Diesel Engines 53
Dec 09, 2008: Wartsila Inaugurates New Service Centre And Office In South Korea 53
Nov 13, 2008: Wartsila Opens New Workshop And Service Centre In Papua New Guinea 53
Sep 05, 2007: Wartsila, HHI Joint Venture Commences Plant Construction In Korea 54
Apr 22, 2008: Wartsila Opens New Offices And Workshop In Dubai 54
Apr 09, 2008: Wartsila Opens New Service Workshop In Brazil 55
Appendix 56
Methodology 56
Ratio Definitions 56
About Global Markets Direct 59
Contact Us 59
Disclaimer 59
List of Tables
Wartsila Corporation, Key Facts 5
Wartsila Corporation, Major Products and Services 6
Wartsila Corporation, History 7
Wartsila Corporation, Key Employees 9
Wartsila Corporation, Key Employee Biographies 10
Wartsila Corporation, Subsidiaries 12
List of Figures
Wartsila Corporation, Performance Chart (2004 - 2008) 1
Wartsila Corporation, Ratio Charts 16