Wärtsilä's net sales for 2011 estimated to de...

Wärtsilä Corporation Company Announcement 15 July 2011, at noon (EET) Wärtsilä Corporation revises its prospects for 2011. Wärtsilä expects its net sales for 2011 to decline by 0-5% compared to last year due to weaker than expected marine service markets and the timing of power plant deliveries. Wärtsilä has previously estimated net sales for 2011 to grow by 3-5%. Wärtsilä reiterates its expectation that operational profitability (EBIT% before nonrecurring items) will be around 11%. Wärtsilä's order intake for the second quarter 2011 was solid, increasing by 5% to EUR 1,170 million and by 20% in relation to the previous quarter. Wärtsilä Corporation's Interim Report for the period January-June will be published Wednesday 20th July 2011 at 8.30 a.m. Finnish time. For further information, please contact: Raimo Lind Executive Vice President & CFO Tel: +358 10 709 5640 raimo.lind@wartsila.com This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Wärtsilä Oyj Abp via Thomson Reuters ONE [HUG#1531234]
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