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Wärtsilä on the capital markets 2010

Wärtsilä's shares are listed on the NASDAQ OMX Large Cap list of the Helsinki Stock Exchange under the trading code WRT1V. All shares carry equal voting and dividend rights.

Investor Relations activities in 2010

During 2010, Wärtsilä conducted more than 200 IR meetings. The activity and interest towards Wärtsilä increased from 2009, when markets were unstable, and was well-balanced throughout the year. The IR team, consisting of Wärtsilä's CEO, CFO, IR Director and IR Officer, conducted meetings in the Scandinavian countries, the UK, France, Germany, the Netherlands, and Belgium, as well as on the east and west coasts of the USA. In addition to one-on-one meetings, several group meetings were hosted at Wärtsilä's offices during the year. The IR team also gave presentations at a number of investor conferences targeting institutional investors, both in Finland and abroad. Wärtsilä's Capital Markets Day, held in the spring in Helsinki, was well-appreciated by some 50 institutional investors, equity analysts and bankers.
During the year, Wärtsilä's foreign shareholder base increased slightly to 51% (45). The biggest share of foreign shares was held by the United Kingdom.

The Finnish Foundation for Share Promotion regularly organises Investment Evenings in different parts of Finland. During the spring Wärtsilä gave presentations at these evenings, and in the fall participated in the Sijoitus-Invest investment fair in Helsinki. These events are primarily aimed at domestic private investors.

Wärtsilä’s Investor Relations policy

The ultimate objective of Wärtsilä's Investor Relations is to produce accurate, sufficient, and up-to-date information about the development of Wärtsilä's business operations, strategy, markets and financial position. This is to ensure that the capital markets have relevant information concerning the company and its shares in order to determine the fair value of our shares. To reach this objective we annually publish three interim reports, a financial statements bulletin, an annual report, and stock exchange releases. Furthermore Wärtsilä’s management conducts regular discussions with analysts and investors, both in Finland and abroad. Our web pages serve as an archive for all current and historical data on factors affecting the value of our shares.


Information on Wärtsilä's prospects and result forecast is published in the Financial Statements Bulletin for the financial year (and repeated in the Annual Report) and in the interim reports. The forecasted prospects are approved by the Board of Directors.
Wärtsilä does not publish quarterly result forecasts. Should there be a change in business circumstances that cause the prospects to be affected, Wärtsilä will publish changes to the prospects in accordance with prevailing regulations.

Market estimates

The company will review, upon request by an analyst, his or her earnings model or report only on factual accuracy or information that is in the public domain. Wärtsilä does not comment or take any responsibility for estimates or forecasts published by capital market representatives.

Silent period

Wärtsilä observes a three-week silent period preceding the publication of its results. During this time the company's representatives do not meet with investors or analysts, or comment on the company's financial position.

Disclosure policy and financial communications

Wärtsilä discloses information on its goals, financial position, and business operations in an open, timely, truthful and systematic manner to enable stakeholders to form a true and fair view of the company. Our communications activities comprise internal and external corporate communications and investor relations. Wärtsilä publishes stock exchange releases, general press releases, and trade press releases. Our subsidiaries publish press releases with local relevance.

Stock exchange releases give information on news that could affect the share price. Press releases provide information on business-related news or other news of general interest to our stakeholders. Releases to the trade press provide more detailed information on our products and technologies. All releases are published in Finnish, Swedish and English except those to the trade press, which are only produced in English. The stock exchange releases and press releases are available on Wärtsilä's web pages immediately after they are published.


Relations with the company's investors and analysts are handled by Joséphine Mickwitz.

Joséphine Mickwitz
Director, Investor Relations
Tel. +358 (0)10 709 5216
Mobile: +358 400 784 889

Wärtsilä's corporate communications and media relations are the responsibility of Atte Palomäki, Group Vice President, Communications & Branding.