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: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst
: Okay. Can you hear me?
Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst
: Hakan, you actually answered my questions I had here at the very end about the cruise revival and the order intake. But just on the order intake, I
noted there were some expectations that cruise, ferry will sort of eventually start to improve in terms of order volumes.
It looked like in the graph you showed like 2 years out or so, do you see anything of that? I mean the cruise industry, I guess, is still pretty full. Is it
rather potentially on the ferry side that there might be some actions?
Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst
: Okay. And do you see these Chinese lockdowns going on right now, does it have any significant impact on these projects that you are currently
delivering or expecting to deliver soon?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
MAY 20, 2022 / 7:00AM, WRT1V.HE - Wartsila Oyj Abp Mid Quarter Call
Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst
: And then just a final question. In Q1, you highlighted the ramp in cost inflation on lithium, for example, impacting your battery backup order
development. Are you seeing any actions or our customers as hesitant to put the ink on the paper still or...
Question: Erkki Vesola - Inderes Oyj, Research Division - Analyst
: Can you hear me?
Question: Erkki Vesola - Inderes Oyj, Research Division - Analyst
: Yes, good. About component availability, especially electronics has been an issue. We talk about that in conjunction with Q1. I mean what's the
current situation? And then logistics costs, they have come up again, how hard will these 2 issues kick in, in Q2?
Question: Erkki Vesola - Inderes Oyj, Research Division - Analyst
: It's comforting. Okay.
Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst
: Sorry for coming back on this battery storage again. But when we look into fuels and the gross margins, you claim that they are positive and so,
but then the realized gross profit margins are negative now under the deliver. Can you just confirm that your gross profit margins, you're talking
about they are positive both when sold and when delivered currently?
Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst
: Good. And then I was thinking about another thing, you have talked about your overlay software, the Greensmith business as a competitive
advantage because it enables the utility or whatever to have the best energy mix, basically. And if you look at, for example, Fluence, I mean, it's
batteries and batteries and they've done some acquisitions of some software company in Switzerland recently to sort of add to this.
But that tells me that this aftermarket opportunity that you were highlighting is not necessarily sort of the spare parts, but the optimization services
speaking of. It sounds like this should be able to provide more value to you with your software than what Fluence and the other sort of focused
battery providers are. Wouldn't that, in that sense, make sense for you to grab the market share right now and today and make sure that you have
this seemingly more profitable aftermarket or am I misunderstanding this?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
MAY 20, 2022 / 7:00AM, WRT1V.HE - Wartsila Oyj Abp Mid Quarter Call
|
