If you haven’t already noticed, notes from Wärtsilä’s mid-quarter calls are easily accessible via their website.
According to the latest ones it seems that service business continues to do well and service prices in line with the current cost levels. What is driving the service business? It is correlated with the ship utilisation, and utilization rates have increased during the year.
Finally. It is good to remember that the sales mix of equipment and services is critical for operating margin. Every time I watch or listen these conference calls analysts are asking this mix.