Wärtsilä Oyj Abp (OTCPK:WRTBF) Q4 2024 Earnings Conference Call February 5, 2025 3:00 AM ET
Company Participants
Hanna-Maria Heikkinen – Investor Relations
Håkan Agnevall – Chief Executive Officer
Arjen Berends – Chief Financial Officer
Conference Call Participants
Akash Gupta – JPMorgan
Antti Kansanen – SEB
Sean McLoughlin – HSBC
Panu Laitinmaki – Danske Bank
Tomi Railo – DNB
Mikael Doepel – Nordea
Hanna-Maria Heikkinen
Good morning, and welcome to this News Conference for Wärtsilä Q4 ’24. My name is Hanna-Maria Heikkinen and I’m in charge of Investor Relations. Today our CEO, Håkan Agnevall, will go through group highlights, business performance, and then after that, our CFO, Arjen Berends, will continue with the financials. After the presentation, there is a possibility to ask questions. I kindly ask every analyst to ask first one question for that — to make sure that everybody has a possibility to ask questions.
Håkan, please, time to start.
Håkan Agnevall
Yes. Thank you, Hanna-Maria, and warm welcome to everybody joining us, which has been a great fourth quarter and a great year.
If we start on the fourth quarter, we had a very strong order intake, net sales and profitability, all three dimensions. So, all-time high order book at EUR8.3 billion. Order intake increased by 34%. Net sales increased by 13%, and that translated into comparable operating results that increased with 18%. And our good journey on services continues. So, order intake up 15%. The net sales up with 12%. And I will smile later. The strong cash flow continues. I mean very strong cash flow from operating activities EUR437 million. So, really great Q4.
If we look then at the full year, it has been a year of all-time highs. So, order intake, absolute operating results and cash flow all all-time highs. And we talked earlier about the order intake
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