Wartsila Oyj Abp Q3 2020 Earnings Presentation Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst : Okay. Can you hear me now?

Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst : New technology. Okay. So on the guidance, you talked about where the revenues will end up at and then also that the normal bounce will hopefully stick in the fourth quarter will be lower than normalized. Suppose you still expect the margin in the Q4 to be the best of the year, but would you say that it's a dramatic difference from last year in terms of how the margin will progress?

Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst : Okay. Fine. Then just on the cruise. So we obviously see that it's the most impacted segment. And I was just wondering how it works with your long-term contracts. We see some operators selling their ships and maybe not running some of them, et cetera. How does it impact, for example, I think you have a 12-year service agreement with one big client in the cruise segment?

Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst : It's Johan here again. Just -- while on the subject on energy, we see low energy prices out there, and there are people thinking they will stay now lower for a longer time as well. Do you think that could overall imply better demand for your power business as the fuels they're using are cheaper or maybe even delay some of its renewable backup power? Or how do you think these lower energy prices will play out for your energy business?

Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst : But do you think the energy prices, as such, has a positive or a negative impact for you?

Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst : Okay. And switching to Marine. We discussed your service opportunity business risk, if there's an acceleration of scrapping in cruise, for example. I think the future is very different in most of the other shipping segments. Or is there any other segment you see a little bit at risk for an accelerated scrapping that could impact your service opportunity later on?