Insights drawn from Inderes’ materials – apologies in advance for any small inaccuracies if I misunderstood something. 
Wärtsilä continues its steady progress, supported by positive market prospects. Key segments, such as cruise ships and offshore vessels, benefit from tightening emissions regulations, although the limited capacity of shipyards remains a challenge. In the energy market, the growth of renewable energy and the need for balancing power sustain strong demand, and the company is actively offering new power plant solutions globally.
The energy storage market is vibrant, and Wärtsilä emphasizes selectivity in its orders to ensure profitability. Positive signs are also evident in the capacity utilization of the Vaasa factory and the management of wage inflation. Wärtsilä’s outlook for 2025 remains neutrally optimistic.