Finland’s Wartsila sees quarterly profits fall, warns of weaker demand

Finland’s Wartsila Oyj (WRT1V.HE) missed second-quarter forecasts on Thursday and warned that it expected demand to weaken for both its marine and energy businesses, sending shares in the engineering firm to a three-year low.

Comparable operating profit in April-June fell to 113 million euros ($127 million) from 123 million euros a year earlier and missed the 132 million euro forecast by analysts in a poll.

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