Wärtsilä Detailed Consensus
Consensus as of: 2026-10-09

KPI[EUR m]Q3 2025Q4 2025FY 2025Q3 2026 EQ4 2026 EFY 2026 EFY 2027 EFY 2028 E
Order bookNumber of Estimates77777
Order bookHighest9,768.010,089.510,089.512,626.014,727.4
Order bookConsensus (Mean)8,064.07,530.07,530.09,565.39,790.29,790.211,875.613,100.5
Order bookMedian9,550.09,850.09,850.011,915.013,243.0
Order bookLowest9,349.59,404.49,404.411,347.010,805.2
Order intakeNumber of Estimates1010101010
Order intakeHighest2,229.52,237.69,358.49,655.210,545.1
Order intakeConsensus (Mean)1,779.01,856.07,647.02,060.82,074.19,069.88,784.08,971.9
Order intakeMedian2,034.02,102.49,067.88,696.68,834.0
Order intakeLowest1,902.01,861.08,708.98,109.37,142.6
Net salesNumber of Estimates1111111111
Net salesHighest1,525.01,913.06,359.07,198.98,443.7
Net salesConsensus (Mean)1,397.01,795.06,219.01,469.51,802.06,276.86,745.07,598.0
Net salesMedian1,493.01,804.66,256.06,723.17,684.3
Net salesLowest1,377.01,731.06,209.06,403.16,813.1
Comparable operating resultNumber of Estimates1111111111
Comparable operating resultHighest222.4294.0926.71,080.51,421.7
Comparable operating resultConsensus (Mean)179.0247.0805.0209.1273.7896.11,015.61,202.1
Comparable operating resultMedian210.0267.0892.2999.61,184.3
Comparable operating resultLowest186.6255.0873.0949.91,072.0
Comparable EBIT margin, %Number of Estimates1111111111
Comparable EBIT margin, %Highest15.516.114.816.116.8
Comparable EBIT margin, %Consensus (Mean)12.813.812.914.215.214.315.115.8
Comparable EBIT margin, %Median14.114.814.215.015.7
Comparable EBIT margin, %Lowest13.114.314.014.614.8
Items affecting comparability (IAC)Number of Estimates1111111111
Items affecting comparability (IAC)Highest0.013.00.00.00.0
Items affecting comparability (IAC)Consensus (Mean)36.0-6.05.0-7.5-1.8-22.1-3.9-3.8
Items affecting comparability (IAC)Median-5.00.0-20.00.00.0
Items affecting comparability (IAC)Lowest-25.0-15.0-39.0-20.0-20.0
Operating resultNumber of Estimates1111111111
Operating resultHighest217.0297.4908.71,072.01,406.7
Operating resultConsensus (Mean)214.0242.0810.0201.6271.9874.01,011.71,198.2
Operating resultMedian201.3263.2870.0996.01,184.3
Operating resultLowest173.0241.0834.0944.91,072.0
Result before taxesNumber of Estimates1111111111
Result before taxesHighest213.4309.1909.01,075.41,408.6
Result before taxesConsensus (Mean)211.0241.0805.0200.0271.3860.71,018.11,211.4
Result before taxesMedian202.4266.2852.21,015.61,206.2
Result before taxesLowest171.0243.0826.0960.81,079.6
Net result after minoritiesNumber of Estimates1111111111
Net result after minoritiesHighest161.9227.0655.7827.01,075.2
Net result after minoritiesConsensus (Mean)181.0186.0626.0143.7196.1632.5761.4907.2
Net result after minoritiesMedian146.6191.0634.0756.9874.5
Net result after minoritiesLowest111.0171.4604.5688.8785.3
EPS basic (in Euro)Number of Estimates1111111111
EPS basic (in Euro)Highest0.270.391.111.401.82
EPS basic (in Euro)Consensus (Mean)0.310.321.060.240.331.071.291.54
EPS basic (in Euro)Median0.250.321.081.281.48
EPS basic (in Euro)Lowest0.190.291.031.171.33
DPS (in Euro)Number of Estimates--111111
DPS (in Euro)Highest--1.111.361.83
DPS (in Euro)Consensus (Mean)--1.06--0.770.891.02
DPS (in Euro)Median--0.650.800.90
DPS (in Euro)Lowest--0.600.660.72
Cash flow from operating activitiesNumber of Estimates--101010
Cash flow from operating activitiesHighest--1,197.61,078.51,155.0
Cash flow from operating activitiesConsensus (Mean)340.0652.01,598.0--951.8891.8967.7
Cash flow from operating activitiesMedian--923.4892.61,045.5
Cash flow from operating activitiesLowest--711.0658.0381.6
Investments in PPE & intangible assetsNumber of Estimates--111111
Investments in PPE & intangible assetsHighest---185.0-160.0-150.0
Investments in PPE & intangible assetsConsensus (Mean)-39.0-40.0-150.0---226.1-236.6-229.0
Investments in PPE & intangible assetsMedian---224.5-225.0-225.0
Investments in PPE & intangible assetsLowest---290.0-360.0-300.0
Marine, Order intakeNumber of Estimates1010101010
Marine, Order intakeHighest1,079.11,140.74,396.84,809.85,050.3
Marine, Order intakeConsensus (Mean)970.0988.03,926.0998.21,029.04,203.94,372.14,499.1
Marine, Order intakeMedian993.01,013.64,189.84,363.54,496.5
Marine, Order intakeLowest938.7928.74,043.94,175.54,158.1
Marine, Net salesNumber of Estimates1010101010
Marine, Net salesHighest942.01,110.03,753.04,103.04,411.0
Marine, Net salesConsensus (Mean)870.0935.03,494.0910.41,020.23,632.43,919.84,164.5
Marine, Net salesMedian904.71,009.93,623.83,937.24,162.7
Marine, Net salesLowest889.4963.03,562.93,780.43,954.1
Marine, Comparable operating resultNumber of Estimates1010101010
Marine, Comparable operating resultHighest133.4165.5529.9592.9687.0
Marine, Comparable operating resultConsensus (Mean)108.0122.0443.0119.7143.3493.9545.0592.9
Marine, Comparable operating resultMedian119.8142.0489.0540.9577.6
Marine, Comparable operating resultLowest102.8130.0475.4496.2526.5
Energy, Order intakeNumber of Estimates1010101010
Energy, Order intakeHighest1,280.01,222.65,034.84,845.55,494.9
Energy, Order intakeConsensus (Mean)644.0758.02,940.01,062.71,044.84,741.44,412.04,472.9
Energy, Order intakeMedian1,044.01,068.04,748.54,334.74,350.5
Energy, Order intakeLowest933.0766.34,540.03,933.82,984.5
Energy, Net salesNumber of Estimates1010101010
Energy, Net salesHighest602.0864.02,425.33,035.04,032.6
Energy, Net salesConsensus (Mean)382.0723.02,048.0562.1770.92,377.92,779.73,429.2
Energy, Net salesMedian577.5750.22,376.62,779.93,495.0
Energy, Net salesLowest474.0702.02,331.02,529.52,859.0
Energy, Comparable operating resultNumber of Estimates1010101010
Energy, Comparable operating resultHighest95.3164.0403.0516.0734.7
Energy, Comparable operating resultConsensus (Mean)61.0115.0315.090.0132.8380.9465.8611.0
Energy, Comparable operating resultMedian91.0126.4378.6463.2585.0
Energy, Comparable operating resultLowest81.0113.0362.0415.2501.9
Portfolio Business, Order intakeNumber of Estimates1010101010
Portfolio Business, Order intakeHighest0.00.0125.00.00.0
Portfolio Business, Order intakeConsensus (Mean)165.0110.0781.00.00.0124.80.00.0
Portfolio Business, Order intakeMedian0.00.0125.00.00.0
Portfolio Business, Order intakeLowest0.00.0124.00.00.0
Portfolio Business, Net salesNumber of Estimates1010101010
Portfolio Business, Net salesHighest0.00.0259.00.00.0
Portfolio Business, Net salesConsensus (Mean)146.0138.0677.00.00.0258.60.00.0
Portfolio Business, Net salesMedian0.00.0259.00.00.0
Portfolio Business, Net salesLowest0.00.0258.00.00.0
Portfolio Business, Comparable operating resultNumber of Estimates1010101010
Portfolio Business, Comparable operating resultHighest0.00.023.00.00.0
Portfolio Business, Comparable operating resultConsensus (Mean)10.010.047.00.00.022.10.00.0
Portfolio Business, Comparable operating resultMedian0.00.022.00.00.0
Portfolio Business, Comparable operating resultLowest0.00.021.20.00.0
Other business activities (Energy Storage JV), Comparable operating resultNumber of Estimates1010101010
Other business activities (Energy Storage JV), Comparable operating resultHighest0.00.06.00.00.0
Other business activities (Energy Storage JV), Comparable operating resultConsensus (Mean)---0.0-3.4-0.90.00.0
Other business activities (Energy Storage JV), Comparable operating resultMedian0.00.00.70.00.0
Other business activities (Energy Storage JV), Comparable operating resultLowest0.0-19.5-19.50.00.0
Total Services, Order intakeNumber of Estimates99998
Total Services, Order intakeHighest917.71,020.73,788.34,110.24,393.1
Total Services, Order intakeConsensus (Mean)854.0947.03,712.0850.5964.13,663.83,850.04,058.4
Total Services, Order intakeMedian845.0965.63,660.03,837.84,031.0
Total Services, Order intakeLowest804.0921.03,573.03,753.03,914.6
Marine, Service Order intakeNumber of Estimates77777
Marine, Service Order intakeHighest574.6610.72,352.22,562.22,690.3
Marine, Service Order intakeConsensus (Mean)537.0541.02,242.0539.3563.22,282.42,402.42,510.6
Marine, Service Order intakeMedian537.0564.22,268.02,392.32,483.6
Marine, Service Order intakeLowest500.0530.92,242.02,332.02,425.0
Energy, Service Order intakeNumber of Estimates77777
Energy, Service Order intakeHighest356.2411.51,408.21,548.01,702.8
Energy, Service Order intakeConsensus (Mean)298.0386.01,311.0318.6405.41,366.01,452.01,559.1
Energy, Service Order intakeMedian314.0405.61,363.41,439.01,563.0
Energy, Service Order intakeLowest306.9397.61,346.51,413.81,484.5
Portfolio, Service Order intakeNumber of Estimates77777
Portfolio, Service Order intakeHighest0.00.028.00.00.0
Portfolio, Service Order intakeConsensus (Mean)19.019.0158.00.00.027.90.00.0
Portfolio, Service Order intakeMedian0.00.028.00.00.0
Portfolio, Service Order intakeLowest0.00.027.00.00.0
Total Services, Net salesNumber of Estimates88887
Total Services, Net salesHighest844.01,024.03,511.03,876.04,274.4
Total Services, Net salesConsensus (Mean)815.0957.03,553.0818.2983.53,444.43,629.63,840.4
Total Services, Net salesMedian828.9985.03,461.03,610.13,793.0
Total Services, Net salesLowest763.4930.03,342.03,469.03,613.9
Marine, Service Net salesNumber of Estimates66666
Marine, Service Net salesHighest537.6670.02,261.02,464.22,636.7
Marine, Service Net salesConsensus (Mean)512.0610.02,222.0523.8634.22,212.12,330.12,433.8
Marine, Service Net salesMedian529.7630.22,215.32,295.12,375.4
Marine, Service Net salesLowest492.0594.02,140.02,244.42,334.2
Energy, Service Net salesNumber of Estimates77777
Energy, Service Net salesHighest313.5368.81,236.31,411.71,637.6
Energy, Service Net salesConsensus (Mean)285.0328.01,188.0300.4353.51,215.91,300.81,403.9
Energy, Service Net salesMedian303.1351.01,215.71,284.51,400.1
Energy, Service Net salesLowest271.4341.61,175.01,222.01,277.0
Portfolio, Service Net salesNumber of Estimates66666
Portfolio, Service Net salesHighest0.00.027.00.00.0
Portfolio, Service Net salesConsensus (Mean)19.019.0142.00.00.027.00.00.0
Portfolio, Service Net salesMedian0.00.027.00.00.0
Portfolio, Service Net salesLowest0.00.027.00.00.0
Total Equipment, Order intakeNumber of Estimates99998
Total Equipment, Order intakeHighest1,424.01,272.05,662.35,545.16,152.1
Total Equipment, Order intakeConsensus (Mean)925.0909.03,935.01,220.01,101.25,407.14,936.74,878.2
Total Equipment, Order intakeMedian1,187.01,132.05,440.04,873.64,702.3
Total Equipment, Order intakeLowest1,071.3886.35,075.44,303.23,194.0
Marine, Equipment Order intakeNumber of Estimates77777
Marine, Equipment Order intakeHighest517.6531.72,044.62,247.62,360.0
Marine, Equipment Order intakeConsensus (Mean)433.0447.01,684.0463.1473.11,933.21,950.21,951.5
Marine, Equipment Order intakeMedian459.0460.01,916.01,906.01,916.0
Marine, Equipment Order intakeLowest407.0397.91,801.91,783.21,694.0
Energy, Equipment Order intakeNumber of Estimates77777
Energy, Equipment Order intakeHighest871.3825.03,688.33,297.53,800.0
Energy, Equipment Order intakeConsensus (Mean)346.0371.01,629.0733.1646.63,371.62,900.12,828.7
Energy, Equipment Order intakeMedian733.0672.03,385.42,852.02,800.0
Energy, Equipment Order intakeLowest623.0356.33,142.62,520.01,500.0
Portfolio, Equipment Order intakeNumber of Estimates77777
Portfolio, Equipment Order intakeHighest0.00.098.00.00.0
Portfolio, Equipment Order intakeConsensus (Mean)145.092.0622.00.00.097.10.00.0
Portfolio, Equipment Order intakeMedian0.00.097.00.00.0
Portfolio, Equipment Order intakeLowest0.00.097.00.00.0
Total Equipment, Net salesNumber of Estimates88887
Total Equipment, Net salesHighest714.0897.02,898.03,449.04,169.3
Total Equipment, Net salesConsensus (Mean)582.0838.02,666.0647.7820.62,830.83,052.33,712.1
Total Equipment, Net salesMedian657.8813.82,843.92,982.53,751.0
Total Equipment, Net salesLowest586.0721.02,743.02,804.03,199.3
Marine, Equipment Net salesNumber of Estimates66666
Marine, Equipment Net salesHighest411.0475.01,495.31,650.81,795.4
Marine, Equipment Net salesConsensus (Mean)358.0324.01,272.0382.3387.91,418.21,559.31,721.8
Marine, Equipment Net salesMedian378.2378.81,417.51,545.61,735.7
Marine, Equipment Net salesLowest356.4316.71,321.11,478.61,617.3
Energy, Equipment Net salesNumber of Estimates77777
Energy, Equipment Net salesHighest300.0505.21,233.01,760.02,395.0
Energy, Equipment Net salesConsensus (Mean)97.0394.0860.0269.7415.81,168.61,450.41,991.2
Energy, Equipment Net salesMedian276.0398.51,173.01,379.02,054.0
Energy, Equipment Net salesLowest241.4348.01,108.01,261.71,582.0
Portfolio, Equipment Net salesNumber of Estimates66666
Portfolio, Equipment Net salesHighest0.00.0231.00.00.0
Portfolio, Equipment Net salesConsensus (Mean)127.0119.0535.00.00.0231.00.00.0
Portfolio, Equipment Net salesMedian0.00.0231.00.00.0
Portfolio, Equipment Net salesLowest0.00.0231.00.00.0
Marine and Energy combined, Order intakeNumber of Estimates1010101010
Marine and Energy combined, Order intakeHighest2,229.52,237.69,234.49,655.210,545.1
Marine and Energy combined, Order intakeConsensus (Mean)1,614.01,746.06,866.02,060.92,073.88,945.38,784.18,971.9
Marine and Energy combined, Order intakeMedian2,034.02,102.48,943.88,696.68,834.0
Marine and Energy combined, Order intakeLowest1,902.01,861.08,583.98,109.37,142.6
Marine and Energy combined, Net salesNumber of Estimates1010101010
Marine and Energy combined, Net salesHighest1,525.01,862.66,101.07,087.08,443.7
Marine and Energy combined, Net salesConsensus (Mean)1,252.01,657.05,542.01,472.41,791.06,010.36,699.57,593.7
Marine and Energy combined, Net salesMedian1,495.71,794.45,992.66,641.57,696.7
Marine and Energy combined, Net salesLowest1,377.01,731.05,951.06,403.16,813.1
Marine and Energy combined, Operating resultNumber of Estimates7861010
Marine and Energy combined, Operating resultHighest222.4310.1906.51,072.01,406.7
Marine and Energy combined, Operating resultConsensus (Mean)166.0250.0764.0209.6280.4867.91,008.41,201.6
Marine and Energy combined, Operating resultMedian211.5277.6858.5997.81,181.0
Marine and Energy combined, Operating resultLowest186.6255.0834.8944.91,072.0
Disclaimer

This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.