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Investing.com -- Finnish engineering company Wartsila on Friday reported second-quarter orders that exceeded analyst expectations by 20%, driven by a significant datacenter contract in the United States.
The company’s book-to-bill ratio reached 1.27x for the group, compared to consensus estimates of 1.07x.
This performance was largely attributed to a recently announced order for 15 large Wartsila engines for a US datacenter with 282MW capacity, though the financial value of this contract remains undisclosed.
Thermal power orders saw a dramatic increase, jumping three-fold from €152 million to €613 million.
Based on Wartsila’s average orders for thermal power last year of approximately €0.75 million per MW, the datacenter order is estimated to be in the range of €200-220 million.
Marine orders also showed strong performance, beating expectations by 8%. While revenues were in line with forecasts across all three divisions, the earnings beat was primarily driven by the Energy segment.
Wartsila maintained its overall guidance, reiterating a "better demand environment for the next 12 months" for its Marine division.
For Energy (thermal power), the company expects flat demand in the next 12 months, while projecting "better demand" for Energy Storage.
The company highlighted potential risks of postponements due to the current political situation and "lack of clarity on tariffs."
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