Wartsila Corp
WRT1V: XHEL (FIN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€67.30 | Fvyf | Rkkvgjcqy |
Wartsila Expects the Presently Buoyant Marine Demand Conditions Will Persist Into Early 2025
Business Strategy and Outlook
Wartsila is an integrated provider of capital equipment and aftermarket parts and service in the global marine and energy markets. Accordingly, Wartsila reaps the benefit of sticky, high profit margin aftermarket sales that accrue under its installed base business model. Aftermarket maintenance and spare parts sales account for approximately 50% of group revenue, evidencing the extent to which Wartsila can exert control in the lucrative aftermarket for maintenance and original parts for its marine and energy systems and equipment.