Finland’s Wartsila sees challenging H2, shares drop

Finland’s Wartsila (WRT1V.HE) sees the second half of the year as ‘extremely challenging’, its chief executive said on Friday, after the engineering firm reported smaller-than-feared 51% drop in April-June profits.

The ship technology and power plants maker said the effects of the pandemic on its 2020 numbers would be material and CEO Jaakko Eskola told analyst call he saw a tough second half of the year ahead, sending the shares 3% lower.

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