Risks and business uncertainties
No major changes occurred in Wärtsilä's business environment in the fourth quarter and Wärtsilä expects that its business environment will continue to improve.
Although the risks have decreased substantially, the main risks within Ship Power remain the slippage of shipyard delivery schedules, as well as the risk of cancellation of existing orders. Due to high contracting activity in 2010, there is a risk of a slowdown in certain vessel segments.
In the Power Plant business, the consequences from the financial crisis can still be seen in the timing of bigger projects.
In Services, the biggest risk continues to be the uncertainty in the marine markets.
The annual report for 2010 contains a thorough description of Wärtsilä's risks and risk management.