The following is a summary of the Wärtsilä Oyj Abp (WRTBF) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Wärtsilä reported a strong Q1 2024 with an 11% increase in order intake and a double-digit comparable operating margin.

• The operating result saw a 50% increase to 10% with a significant order backlog reported at €7.3 billion.

• Boosts in their service sector are notable with a 7% increase in order intake and a13% increase in net sales.

Business Progress:

• Wärtsilä is making strides in energy innovation with the development of autonomous power plants and zero-emission balancing solutions in collaboration with over 200 Finnish entities.

• Quantum2, a high-capacity battery energy storage system has been introduced.

• Significant increases can be seen across the marine and energy business sectors, along with increased Energy Service agreements.

• Despite lower energy storage sales, the company is optimistic about prospects in off-shore projects and energy advancement.

• The company's manufacturing capacity is in a position to handle an increase in orders thanks to strategic investments, and a strategic review of storage is currently underway.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.