Wartsila Oyj Abp Q1 2020 Earnings Call Transcript - Thomson StreetEvents

Wartsila Oyj Abp Q1 2020 Earnings Call Transcript

Wartsila Oyj Abp Q1 2020 Earnings Call Transcript - Thomson StreetEvents
Wartsila Oyj Abp Q1 2020 Earnings Call Transcript
Published Apr 21, 2020
16 pages (9986 words) — Published Apr 21, 2020
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of WRT1V.HE earnings conference call or presentation 21-Apr-20 7:00am GMT

  
Brief Excerpt:

...Good morning, everyone, and welcome to WSrtsilS Corporation Interim Report January-March 2020. We have a quite unusual setup this morning. I'm almost alone here with some helping people in WSrtsilS Campus Helsinki. But I'm also joined by the whole Board of Management on lines and from Investor Relations, Natalia Valtasaari and Emilia Rantala. As usual, I will go through some slides first, and then you have a possibility to ask questions. And if you look at WSrtsilS's first quarter, our net sales were stable, but the profitability was burdened by the COVID-19 impacts and the mix. And couple of words about the COVID-19 first. And really, the escalation of the coronavirus pandemic and concerns regarding its long-term impact on the global economy has resulted in high degree of uncertainty in our industry and the industries of our customers. We have seen definitely certain disruptions in our operations during the first quarter. Our factories have been running at lower-than-normal capacity. And...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Wartsila Oyj Abp
Ticker
WRT1V.HE
Time
7:00am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Sebastian Kuenne - RBC Capital Markets, Research Division - Analyst : Main focus is on the capacity adjustments that you are currently executing. You mentioned the EUR 100 million saving that you see, I assume that's for the year. Can you give us an indication of how much you could cut short-term capacity? So let's say, customers don't accept delivery for the rest of the year, and you would have to cut by 30%. Can you do that? And how would you approach that? That would be my first key question.

Question: Sebastian Kuenne - RBC Capital Markets, Research Division - Analyst : But you know, which -- does Italy offer you paying for temporary layoffs or for short time work? What's the situation there, specifically financially?

Question: Sebastian Kuenne - RBC Capital Markets, Research Division - Analyst : So you cannot answer the question at the moment. without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. APRIL 21, 2020 / 7:00AM, WRT1V.HE - Q1 2020 Wartsila Oyj Abp Earnings Call

Question: Sebastian Kuenne - RBC Capital Markets, Research Division - Analyst : Okay. Then my second question is on cash availability and liquidity. You have -- you mentioned you have EUR 420 million of cash and the EUR 640 million credit facility. Is this then the liquidity you would currently be able to draw on as of today, the EUR 1.06 billion, I think it is, or the other liquidity?

Question: Sebastian Kuenne - RBC Capital Markets, Research Division - Analyst : So I can use the EUR 1,060,000,000. So cash and cash equivalents, EUR 420 million; and unused committed credit facility, EUR 640 million. That's basically currently available equivalent here.

Question: Sebastian Kuenne - RBC Capital Markets, Research Division - Analyst : And it would increase the working capital reductions, I assume, for the rest of the year? Would you expect that?

Table Of Contents

Wartsila Oyj Abp Q2 2021 Earnings Presentation Transcript – 2021-07-20 – US$ 54.00 – Edited Transcript of WRT1V.HE earnings conference call or presentation 20-Jul-21 7:00am GMT

Wartsila Oyj Abp Q1 2021 Earnings Call Transcript – 2021-04-22 – US$ 54.00 – Edited Transcript of WRT1V.HE earnings conference call or presentation 22-Apr-21 7:00am GMT

Wartsila Oyj Abp Q4 2020 Earnings Presentation Transcript – 2021-01-28 – US$ 54.00 – Edited Transcript of WRT1V.HE earnings conference call or presentation 28-Jan-21 8:00am GMT

Wartsila Oyj Abp Q3 2020 Earnings Presentation Transcript – 2020-10-23 – US$ 54.00 – Edited Transcript of WRT1V.HE earnings conference call or presentation 23-Oct-20 12:00pm GMT

Wartsila Oyj Abp Q2 2020 Earnings Call Transcript – 2020-07-17 – US$ 54.00 – Edited Transcript of WRT1V.HE earnings conference call or presentation 17-Jul-20 7:00am GMT

Wartsila Oyj Abp Q4 2019 Earnings Call Transcript – 2020-01-30 – US$ 54.00 – Edited Transcript of WRT1V.HE earnings conference call or presentation 30-Jan-20 8:00am GMT

Wartsila Oyj Abp Capital Markets Day 2019 Transcript – 2019-11-26 – US$ 54.00 – Edited Transcript of WRT1V.HE corporate analyst meeting</ 26-Nov-19 7:25am GMT

Wartsila Oyj Abp Q3 2019 Earnings Call Transcript – 2019-10-25 – US$ 54.00 – Edited Transcript of WRT1V.HE earnings conference call or presentation 25-Oct-19 7:00am GMT

Wartsila Oyj Abp Q4 2018 Earnings Call Transcript – 2019-01-30 – US$ 54.00 – Edited Transcript of WRT1V.HE earnings conference call or presentation 30-Jan-19 8:00am GMT

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MLA:
Thomson StreetEvents. "Wartsila Oyj Abp Q1 2020 Earnings Call Transcript" Apr 21, 2020. Alacra Store. May 13, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2020-Wartsila-Oyj-Abp-Earnings-Call-T13113093>
  
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Thomson StreetEvents. (2020). Wartsila Oyj Abp Q1 2020 Earnings Call Transcript Apr 21, 2020. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2020-Wartsila-Oyj-Abp-Earnings-Call-T13113093>
  
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