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UPDATE 3-Finland s Wartsila shares hit year high after first quarter orders surprise

By Reuters Staff (Adds CEO comments, share repurchase) HELSINKI, April 22 (Reuters) - Shares in Finland’s Wartsila soared more than 16% to a 14-month high on Thursday after the marine and energy equipment maker surprised investors with stable orders for the first quarter despite sales and profit that missed forecasts. The company reported first-quarter order intake flat at 1.2 billion euros ($1.45 billion) from a year ago with the pace of global vaccinations providing cautious optimism about a recovery in its marine markets. It said it expected a rebound in core energy markets to take longer. Wartsila shares had risen by 16.1% to 10.39 euros at 1006 GMT, after hitting a session high of 10.44 euros, which was the highest level since February 2020.

Eteläuomen läiHakan agnevallErkki vesolaEssi lehtoEdmund blairMichael kahnThomson reuters trust principlesExecutive hakan agnevallThomson reuters trustஎஸ்ஸி லெஹ்டோஎட்மண்ட் பிளேயர்மைக்கேல் கான்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை

Wärtsilä CEO: Order Intake Stable , But COVID Impact

Hakan Agnevall, Wärtsilä President and CEO. ©2021 Wärtsilä Corporation In announcing its 2021 Q1 interim financials, Wärtsilä said that while order intake is stable, COVID-19 continues to burden net sales and profitability. Looking ahead, while it sees near-term demand as somewhat better , it noted that visibility remains limited and prevailing market conditions make the outlook uncertain. Highlights of the January to March 2021 period include: Order intake was stable at EUR 1,244 million (1,247) Order book at the end of the period decreased by 6% to EUR 5,399 million (5,745) Net sales decreased by 19% to EUR 946 million (1,170) Book-to-bill amounted to 1.32 (1.07) Comparable operating result decreased by 28% to EUR 41 million (56), which represents 4.3% of net sales (4.8). This includes

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UPDATE 1-Finland s Wartsila misses Q1 profit and sales forecasts

UPDATE 1-Finland s Wartsila misses Q1 profit and sales forecasts
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Eteläuomen läiHakan agnevallEssi lehtoJason neelyHimani sarkarThomson reuters trust principlesThomson reuters trustஎஸ்ஸி லெஹ்டோஜேசன் நீலீஹிமானி சர்க்கார்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை