EnergyWatch

Wärtsilä's result in the red from writing down Russian activities

In many ways, business improved for Finnish group Wärtsilä in the year’s first quarter, though a write-down of activities in Russia had a negative effect on the operating result.

Photo: PR/Christoffer Björklund/Wärtsilä/

Finnish supplier Wärtsilä may celebrate having markedly improved its sales and fattened its orderbook in the first quarter of 2022. Still, there are red figures on the bottom line – because of the war in Ukraine.

Wärtsilä announced last week that the company had performed a write-down of approximately EUR 200m of its business in Russia as a consequence of the country’s invasion of Ukraine.

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