Copiers : 8
Copiers : 8
Followers : 72
Dear Etorians, 10/29/24
$WRT1V.HE
Low order intake worries investors.
"The market environment for Wärtsilä's activities remained stable during the third quarter of 2024, but geopolitical risks have increased in recent months, making the macroeconomic outlook more uncertain. The energy market continued to be affected by protectionism and increased geopolitical risks Despite uncertainty surrounding the pace of the global energy transition, renewable energy has continued to dominate in terms of new capacity added. The growing need for balancing energy to support growth. renewable energy has led to an improvement in demand for power plants compared to last year,” writes Håkan Agnevall, CEO of Wärtsilä.
I therefore decided to remove this line from our portfolio.