Wärtsilä announces big impairment from Russian business

Finland-based supplier Wärtsilä announces an EUR 200m impairment linked to the company’s Russian business.

Photo: Wärtsila/PR/Chris Salvo

Wärtsilä announces a significant impairment tied to the company’s business in Russia following the country’s invasion of Ukraine.

The total write-off comes to roughly EUR 200m, and Wärtsilä will thus will make a provision to be booked in the company’s first-quarter report. The write-off is related to the Finnish supplier’s assets and business operations in Russia, according to a statement Wednesday.

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