Wärtsilä Detailed Consensus
Consensus as of: 2026-05-08

Note - The two remaining business units reported under Portfolio Business are expected to be divested in Q2/2026 and Q3/2026, but some estimates still include Portfolio Business for 2027 and 2028.


KPI[EUR m]Q2 2025Q3 2025FY 2025Q2 2026 EQ3 2026 EFY 2026 EFY 2027 EFY 2028 E
Order bookNumber of Estimates54555
Order bookHighest9,997.010,388.910,367.113,181.815,535.0
Order bookConsensus (Mean)8,764.08,637.08,248.09,728.59,890.79,985.511,638.612,521.0
Order bookMedian9,759.09,891.49,879.011,501.012,626.0
Order bookLowest9,482.09,391.09,657.09,913.09,502.0
Order intakeNumber of Estimates1211121212
Order intakeHighest2,758.02,128.59,567.09,829.010,603.5
Order intakeConsensus (Mean)2,190.01,790.08,102.02,459.31,949.08,671.68,610.49,002.3
Order intakeMedian2,468.51,928.08,705.28,719.09,173.5
Order intakeLowest2,155.01,767.08,115.07,072.07,130.0
Net salesNumber of Estimates1413141414
Net salesHighest1,805.01,811.07,288.07,677.09,443.0
Net salesConsensus (Mean)1,719.01,632.06,914.01,688.01,636.46,834.67,290.18,159.0
Net salesMedian1,693.01,640.06,789.17,308.08,114.6
Net salesLowest1,586.11,499.56,506.06,775.07,467.0
Comparable operating resultNumber of Estimates1413141414
Comparable operating resultHighest237.0231.0969.41,096.01,334.0
Comparable operating resultConsensus (Mean)207.0195.0829.0216.5208.9893.8999.81,152.5
Comparable operating resultMedian217.0209.0894.01,009.71,146.5
Comparable operating resultLowest191.0188.5800.0854.0894.0
Comparable EBIT margin, %Number of Estimates1413141414
Comparable EBIT margin, %Highest13.413.413.714.615.8
Comparable EBIT margin, %Consensus (Mean)12.011.912.012.812.813.113.714.1
Comparable EBIT margin, %Median12.912.913.113.614.1
Comparable EBIT margin, %Lowest11.811.812.312.111.9
Items affecting comparability (IAC)Number of Estimates1413141414
Items affecting comparability (IAC)Highest5.55.50.00.00.0
Items affecting comparability (IAC)Consensus (Mean)-20.035.04.0-0.3-1.4-7.2-2.9-3.1
Items affecting comparability (IAC)Median0.00.0-4.50.00.0
Items affecting comparability (IAC)Lowest-4.0-13.0-24.0-18.0-20.0
Operating resultNumber of Estimates1413141414
Operating resultHighest237.0231.0969.41,096.01,334.0
Operating resultConsensus (Mean)186.0230.0833.0216.2207.5886.5996.91,149.4
Operating resultMedian216.0209.0889.51,008.21,145.5
Operating resultLowest191.0178.0796.0854.0894.0
Result before taxesNumber of Estimates1313141414
Result before taxesHighest236.0231.0964.41,093.01,339.0
Result before taxesConsensus (Mean)186.0227.0828.0217.4206.9885.1999.21,153.5
Result before taxesMedian214.0206.5886.31,008.31,160.4
Result before taxesLowest207.0178.0822.0872.0909.0
Net result after minoritiesNumber of Estimates1413141414
Net result after minoritiesHighest183.4175.0720.0831.01,000.0
Net result after minoritiesConsensus (Mean)136.0181.0626.0162.5155.4659.2743.3858.6
Net result after minoritiesMedian159.7155.0659.6756.2876.6
Net result after minoritiesLowest147.0132.0604.4641.0669.0
EPS basic (in Euro)Number of Estimates1413141414
EPS basic (in Euro)Highest0.310.301.221.411.70
EPS basic (in Euro)Consensus (Mean)0.230.311.060.280.261.121.261.46
EPS basic (in Euro)Median0.270.261.121.291.49
EPS basic (in Euro)Lowest0.250.221.031.091.14
EPS excl. IAC (in Euro)Number of Estimates1413141414
EPS excl. IAC (in Euro)Highest0.310.301.231.411.70
EPS excl. IAC (in Euro)Consensus (Mean)0.260.251.050.280.271.131.271.46
EPS excl. IAC (in Euro)Median0.280.271.141.291.49
EPS excl. IAC (in Euro)Lowest0.250.241.041.091.14
DPS (in Euro)Number of Estimates--141414
DPS (in Euro)Highest--1.101.161.18
DPS (in Euro)Consensus (Mean)--1.06--0.670.730.81
DPS (in Euro)Median--0.620.700.79
DPS (in Euro)Lowest--0.520.550.57
Cash flow from operating activitiesNumber of Estimates--121212
Cash flow from operating activitiesHighest--1,180.41,118.01,293.0
Cash flow from operating activitiesConsensus (Mean)416.0340.01,598.0--794.8821.3924.9
Cash flow from operating activitiesMedian--804.3901.2958.4
Cash flow from operating activitiesLowest--454.0414.0606.0
Investments in PPE & intangible assetsNumber of Estimates--131313
Investments in PPE & intangible assetsHighest---140.0-160.0-150.0
Investments in PPE & intangible assetsConsensus (Mean)-37.0-39.0-146.0---198.0-205.5-186.6
Investments in PPE & intangible assetsMedian---195.0-200.0-195.0
Investments in PPE & intangible assetsLowest---290.0-264.6-202.0
Marine, Order intakeNumber of Estimates1211121212
Marine, Order intakeHighest1,093.01,051.34,225.04,685.55,000.0
Marine, Order intakeConsensus (Mean)1,031.0970.03,926.01,022.8993.64,045.74,176.34,336.7
Marine, Order intakeMedian1,022.5992.04,052.54,192.04,356.5
Marine, Order intakeLowest924.0940.93,796.03,669.03,603.0
Marine, Net salesNumber of Estimates1312131313
Marine, Net salesHighest953.0978.03,975.04,076.04,375.8
Marine, Net salesConsensus (Mean)862.0870.03,494.0914.3926.03,681.83,887.54,051.4
Marine, Net salesMedian913.0926.63,681.03,893.04,049.0
Marine, Net salesLowest870.6877.03,551.03,668.03,589.0
Marine, Comparable operating resultNumber of Estimates1312131313
Marine, Comparable operating resultHighest131.0132.0549.0575.0628.8
Marine, Comparable operating resultConsensus (Mean)114.0108.0443.0122.0118.7484.8523.9557.5
Marine, Comparable operating resultMedian123.0117.0479.0526.0564.0
Marine, Comparable operating resultLowest112.3111.7453.0460.0442.0
Energy, Order intakeNumber of Estimates1211121212
Energy, Order intakeHighest1,529.31,022.04,895.05,078.05,229.5
Energy, Order intakeConsensus (Mean)913.0644.02,940.01,267.3832.54,009.73,859.14,011.8
Energy, Order intakeMedian1,251.5804.03,898.83,902.54,106.0
Energy, Order intakeLowest975.0703.03,568.02,663.02,701.0
Energy, Net salesNumber of Estimates1312131313
Energy, Net salesHighest635.0690.02,561.03,068.04,610.0
Energy, Net salesConsensus (Mean)529.0382.02,048.0566.2574.52,399.02,848.53,500.3
Energy, Net salesMedian565.0577.02,389.02,870.33,441.0
Energy, Net salesLowest513.0463.02,243.02,623.03,185.0
Energy, Comparable operating resultNumber of Estimates1312131313
Energy, Comparable operating resultHighest92.0105.0420.0523.0695.0
Energy, Comparable operating resultConsensus (Mean)76.061.0315.084.289.1372.3457.0570.7
Energy, Comparable operating resultMedian86.091.0376.8452.0564.0
Energy, Comparable operating resultLowest76.773.0335.0386.0436.0
Energy Storage, Order intakeNumber of Estimates1211121212
Energy Storage, Order intakeHighest165.0176.0718.01,141.01,220.0
Energy Storage, Order intakeConsensus (Mean)50.011.0455.088.298.3414.8565.7644.2
Energy Storage, Order intakeMedian79.099.0424.0559.5630.1
Energy Storage, Order intakeLowest30.063.0222.9267.5321.0
Energy Storage, Net salesNumber of Estimates1312131313
Energy Storage, Net salesHighest150.0181.0590.0801.01,032.0
Energy Storage, Net salesConsensus (Mean)125.0235.0694.0112.9132.7491.7522.5581.5
Energy Storage, Net salesMedian107.0135.5491.0515.0570.0
Energy Storage, Net salesLowest93.080.0400.0271.0333.0
Energy Storage, Comparable operating resultNumber of Estimates1312131313
Energy Storage, Comparable operating resultHighest6.07.020.024.029.0
Energy Storage, Comparable operating resultConsensus (Mean)4.016.024.03.00.98.812.518.4
Energy Storage, Comparable operating resultMedian3.70.97.215.019.0
Energy Storage, Comparable operating resultLowest-2.0-7.5-7.0-11.69.0
Portfolio Business, Order intakeNumber of Estimates1211121212
Portfolio Business, Order intakeHighest120.0126.6290.560.061.0
Portfolio Business, Order intakeConsensus (Mean)196.0165.0781.081.024.7201.39.39.5
Portfolio Business, Order intakeMedian73.714.0202.00.00.0
Portfolio Business, Order intakeLowest15.00.0132.00.00.0
Portfolio Business, Net salesNumber of Estimates1312131313
Portfolio Business, Net salesHighest140.029.0341.060.061.0
Portfolio Business, Net salesConsensus (Mean)204.0146.0677.092.114.8270.210.68.7
Portfolio Business, Net salesMedian100.013.0271.00.00.0
Portfolio Business, Net salesLowest15.00.0206.00.00.0
Portfolio Business, Comparable operating resultNumber of Estimates1312131313
Portfolio Business, Comparable operating resultHighest14.05.940.64.84.9
Portfolio Business, Comparable operating resultConsensus (Mean)14.010.047.06.51.425.70.60.8
Portfolio Business, Comparable operating resultMedian5.00.927.00.00.0
Portfolio Business, Comparable operating resultLowest0.00.07.9-1.00.0
Total Services, Order intakeNumber of Estimates44444
Total Services, Order intakeHighest1,159.01,166.04,837.05,158.06,206.0
Total Services, Order intakeConsensus (Mean)926.0864.03,740.01,004.5965.94,096.44,311.34,742.1
Total Services, Order intakeMedian955.9908.23,884.34,082.74,330.7
Total Services, Order intakeLowest947.0881.03,780.03,922.04,101.0
Marine, Service Order intakeNumber of Estimates77777
Marine, Service Order intakeHighest619.0600.32,475.02,673.02,886.8
Marine, Service Order intakeConsensus (Mean)571.0537.02,242.0597.3566.32,359.52,473.52,593.0
Marine, Service Order intakeMedian598.9560.02,354.02,466.92,565.6
Marine, Service Order intakeLowest565.0537.02,297.02,356.02,437.0
Energy, Service Order intakeNumber of Estimates77777
Energy, Service Order intakeHighest330.0322.01,402.81,545.01,699.0
Energy, Service Order intakeConsensus (Mean)300.0298.01,311.0321.8314.61,368.41,452.71,532.5
Energy, Service Order intakeMedian324.0316.01,362.01,431.91,503.0
Energy, Service Order intakeLowest311.7304.01,338.21,407.01,446.0
Total Services, Net salesNumber of Estimates44444
Total Services, Net salesHighest975.0901.03,831.03,980.04,443.9
Total Services, Net salesConsensus (Mean)907.0821.03,575.0896.9863.73,648.63,857.94,104.7
Total Services, Net salesMedian886.5861.03,611.53,864.34,039.5
Total Services, Net salesLowest839.4831.83,540.53,723.03,896.0
Marine, Service Net salesNumber of Estimates66666
Marine, Service Net salesHighest611.0548.02,345.02,530.52,783.6
Marine, Service Net salesConsensus (Mean)569.0512.02,222.0566.3535.12,259.52,368.32,493.9
Marine, Service Net salesMedian566.1534.82,253.52,356.82,452.3
Marine, Service Net salesLowest520.5520.52,199.02,227.02,357.0
Energy, Service Net salesNumber of Estimates77777
Energy, Service Net salesHighest299.0314.01,326.01,389.01,597.3
Energy, Service Net salesConsensus (Mean)278.0285.01,188.0287.1302.91,237.21,334.81,431.8
Energy, Service Net salesMedian288.8299.31,226.01,341.01,387.3
Energy, Service Net salesLowest276.0294.01,207.61,281.01,332.0
Total Equipment, Order intakeNumber of Estimates44444
Total Equipment, Order intakeHighest1,599.01,105.64,952.05,339.06,047.1
Total Equipment, Order intakeConsensus (Mean)1,264.0926.04,362.01,509.3948.24,603.74,557.74,621.5
Total Equipment, Order intakeMedian1,515.0969.04,744.54,635.44,727.5
Total Equipment, Order intakeLowest1,408.0749.03,974.03,621.02,984.0
Marine, Equipment Order intakeNumber of Estimates77777
Marine, Equipment Order intakeHighest472.6450.91,769.02,012.52,113.1
Marine, Equipment Order intakeConsensus (Mean)460.0433.01,684.0437.2430.41,703.21,752.61,803.8
Marine, Equipment Order intakeMedian437.0442.01,718.01,804.01,858.0
Marine, Equipment Order intakeLowest391.0410.01,616.61,520.01,561.3
Energy, Equipment Order intakeNumber of Estimates77777
Energy, Equipment Order intakeHighest1,200.0700.03,044.03,051.03,623.5
Energy, Equipment Order intakeConsensus (Mean)613.0346.01,629.0987.4523.52,663.32,487.62,595.6
Energy, Equipment Order intakeMedian993.2500.02,600.02,460.02,574.0
Energy, Equipment Order intakeLowest662.0388.02,206.01,930.01,800.0
Total Equipment, Net salesNumber of Estimates44444
Total Equipment, Net salesHighest865.0860.03,513.03,954.04,629.0
Total Equipment, Net salesConsensus (Mean)812.0811.03,338.0790.7785.03,300.23,470.24,044.1
Total Equipment, Net salesMedian806.0804.03,372.33,486.03,888.0
Total Equipment, Net salesLowest686.0672.02,943.02,955.03,771.5
Marine, Equipment Net salesNumber of Estimates66666
Marine, Equipment Net salesHighest363.9405.01,509.01,736.01,782.0
Marine, Equipment Net salesConsensus (Mean)293.0358.01,272.0339.9375.51,398.41,533.01,590.3
Marine, Equipment Net salesMedian340.6382.71,379.61,515.81,569.1
Marine, Equipment Net salesLowest316.4329.01,292.11,410.01,461.0
Energy, Equipment Net salesNumber of Estimates77777
Energy, Equipment Net salesHighest296.0330.01,235.01,726.02,252.0
Energy, Equipment Net salesConsensus (Mean)251.097.0860.0262.0269.11,151.81,499.72,011.3
Energy, Equipment Net salesMedian260.0276.01,163.01,508.02,047.0
Energy, Equipment Net salesLowest214.0193.81,068.01,342.01,593.3
Marine and Energy combined, Order intakeNumber of Estimates1211121212
Marine and Energy combined, Order intakeHighest2,566.02,017.08,908.09,279.010,229.5
Marine and Energy combined, Order intakeConsensus (Mean)1,944.01,614.06,866.02,290.11,826.18,055.48,035.48,348.5
Marine and Energy combined, Order intakeMedian2,267.01,776.07,987.78,081.58,466.5
Marine and Energy combined, Order intakeLowest2,007.01,690.07,473.06,332.06,304.0
Marine and Energy combined, Net salesNumber of Estimates1312131313
Marine and Energy combined, Net salesHighest1,588.01,621.06,459.07,031.08,873.0
Marine and Energy combined, Net salesConsensus (Mean)1,391.01,252.05,542.01,480.61,500.56,080.76,736.07,551.7
Marine and Energy combined, Net salesMedian1,482.01,504.26,070.06,780.07,522.9
Marine and Energy combined, Net salesLowest1,399.61,405.05,818.06,391.06,778.0
Marine and Energy combined, Operating resultNumber of Estimates10991010
Marine and Energy combined, Operating resultHighest223.0227.0929.01,078.01,320.0
Marine and Energy combined, Operating resultConsensus (Mean)189.0166.0764.0207.3208.4867.6979.41,130.2
Marine and Energy combined, Operating resultMedian208.5207.0858.0983.01,122.4
Marine and Energy combined, Operating resultLowest192.3188.7829.9846.0878.0
Energy Storage, Operating resultNumber of Estimates10991010
Energy Storage, Operating resultHighest6.07.020.024.029.0
Energy Storage, Operating resultConsensus (Mean)3.016.023.02.81.09.712.617.9
Energy Storage, Operating resultMedian3.01.013.015.518.5
Energy Storage, Operating resultLowest-2.0-7.5-5.5-11.68.0
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.