Wartsila Oyj Abp Q3 2021 Earnings Presentation Transcript

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

Question: Antti Kansanen - SEB, Research Division - Analyst : Can you hear me now?

Question: Antti Kansanen - SEB, Research Division - Analyst : Good, good. Yes. Sorry about that. So the question is on kind of your traditional equipment business, if we exclude the storage side and maybe focus on the marine power and the thermal energy. How should we think about going into the next 12 months if you look at the cost inflation that you are seeing? And I guess the pricing pressures that are logical given the poor level of demand and then considering the workload situation going into '22. So facing of all of these, I mean, I guess your backlog to sales conversion has been a bit limited during COVID times. So perhaps there's a bit of a catch-up on the revenues. But as a big picture, how should we think about timing of these perhaps adverse impacts for your equipment business?

Question: Antti Kansanen - SEB, Research Division - Analyst : And what about kind of the workload situation on the engine factories? How concerned should we be regarding kind of '22 when we look at the marine power and the thermal energy order development?

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

Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst : Okay, sorry. I was just wondering a little bit about the margin in the energy side. I mean you have taken a lot of provision over the last couple of years. Did you release any of those provisions to any significant degree in this quarter? Are there any more left to impact earnings going forward?