Wärtsilä Oyj Abp (WRT1V) Earnings Call Transcripts

Wärtsilä Oyj Abp's Latest Earnings Call - June 15, 2026

In the Q2 2026 earnings call, Wärtsilä Oyj Abp announced the establishment of a joint venture with RCT Solutions for its energy storage business, which will cease to be reported as a separate segment. The company expects the JV to be loss-making in 2026, with an estimated negative impact of EUR 40 million to EUR 50 million on operating results. This strategic move aims to enhance competitiveness in a challenging market, while the company remains focused on its core Marine & Energy segments.

Reported metrics

Guidance from management

Wärtsilä expects the joint venture to be loss-making in 2026, with a negative impact of EUR 40 million to EUR 50 million on operating results. The company anticipates the JV to generate positive results towards the end of 2027.

What management said

Welcome to this news conference. I'm Hanna-Maria Heikkinen, and I'm in charge of Investor Relations. Wartsila announced today the plan to establish a joint venture for our global energy storage Business with RCT Solutions and discontinue energy storage as a separate reporting sector. Today, our CEO, Hakan Agnevall will discuss the highlights of the plan. And after Hakan's key messages, there's a possibility to ask ...

So GEMS as a software and the people around it is included -- will be included in the JV. But our energy business has the right to use the software. So from that perspective, we still have the GEMS software for our thermal energy business going forward.

What analysts pressed on

Analysts expressed concerns regarding the competitive pressures in the energy storage market and the implications of the JV on Wärtsilä's financials. Questions were raised about potential future funding needs for the JV and the impact on Wärtsilä's cash position.

Main topics on the call

• Joint Venture Formation — Wärtsilä is forming a joint venture with RCT Solutions for its energy storage operations, ceasing separate segment reporting. CEO Håkan Agnevall stated, "RCT brings strong market know-how, execution capability, knowledge...
• Financial Impact of JV — The JV is expected to incur losses in 2026, with a projected negative impact of EUR 40 million to EUR 50 million on Wärtsilä's operating results. Agnevall noted, "The JV will be loss-making in 2026 driven both by the rec...
• Discontinuation of Energy Storage Segment — Wärtsilä will discontinue reporting energy storage as a separate segment starting Q2 2026, with financial targets for this segment suspended. This decision reflects the company's strategic shift towards focusing on Marin...
• Market Challenges — Management highlighted significant headwinds in the energy storage market, including increased U.S. tariffs and competition from battery cell manufacturers. Agnevall stated, "The competitive dynamics have put significant...

Read the full Wärtsilä Oyj Abp transcript (June 15, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 69 Wärtsilä Oyj Abp earnings call transcripts on record, spanning January 30, 2020 to July 21, 2026. Based on this history, Wärtsilä Oyj Abp reports quarterly. The most recent call on file is dated July 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

WRT1V

Exchange

HLSE

Country

FI

Sector

Industrials

Industry

Machinery

Calls on record

69

First call

January 30, 2020

Most recent

July 21, 2026

Reporting cadence

quarterly