Wärtsilä on the capital markets 2011
Wärtsilä’s shares are listed on the NASDAQ OMX Large Cap list of the Helsinki Stock Exchange under the trading code WRT1V. All shares carry equal voting and dividend rights.
Investor Relations activities in 2011
Investor interest in Wärtsilä was at a good level in 2011. During the year, Wärtsilä participated in more than 260 investor meetings, as compared to approximately 200 during the previous year. The IR team, consisting of Wärtsilä’s CEO, CFO, IR Director and IR Officer, conducted meetings in the Scandinavian countries, the UK, France, Germany, the Netherlands, Italy, as well as on the east coast of the US and in Canada. In addition to one-on-one meetings and conference calls, several group meetings were hosted at Wärtsilä’s offices during the year, in Helsinki and Vaasa as well as in Shanghai, Mumbai, and Cape Town. The IR team also participated in several investor conferences targeting institutional investors, in Finland and abroad. During the year, Wärtsilä’s foreign shareholder base decreased slightly to 47% (51). The biggest percentage of foreign shares was held by investors in the United States and the United Kingdom.
Wärtsilä gave presentations at events aimed at domestic private investors during the year, both at its own premises and in other locations in Finland. Of Wärtsilä’s shareholders, approximately 23% (23) consisted of retail investors during 2011.
Wärtsilä’s Investor Relations policy
The ultimate objective of Wärtsilä’s Investor Relations is to produce accurate, sufficient, and up-to-date information about the development of Wärtsilä’s business operations, strategy, markets and financial position. This is to ensure that the capital markets have relevant information concerning Wärtsilä in order to determine the fair value of the company’s shares. To achieve this objective, Wärtsilä publishes annually three interim reports, a financial statements bulletin, an annual report, and stock exchange releases. Furthermore, Wärtsilä’s management conducts regular discussions with analysts and investors, both in Finland and abroad. Our web pages serve as an archive for all current and historical data on factors affecting the value of our shares.
Information on Wärtsilä’s prospects is published in the Financial Statements Bulletin for the financial year and in the interim reports. The most recently published prospects statement is repeated in the Annual Report. The published prospects are approved by the Board of Directors.
Should there be a change in business circumstances that could affect the prospects, Wärtsilä will publish changes to the prospects in accordance with prevailing regulations.
Information on Wärtsilä’s prospects is published as a result forecast consisting of the net sales and profitability (EBIT%) forecasts. Wärtsilä does not publish quarterly result forecasts.
The company will review an analyst’s earnings model upon his or her request or report only on factual accuracy or information that is in the public domain. Wärtsilä does not comment on or take any responsibility for estimates or forecasts published by capital market representatives.
Wärtsilä observes a three-week silent period preceding the publication of its results. During this time, the company’s representatives do not meet with investors or analysts or comment on the company’s financial position.
Disclosure policy and financial communications
Wärtsilä discloses information on its goals, financial position, and business operations in an open, timely, truthful and systematic manner to enable stakeholders to form a true and fair view of the company. Wärtsilä publishes stock exchange releases, general press releases, and trade press releases. Our subsidiaries publish press releases with local relevance.
Stock exchange releases give information on news that could affect the share price. Press releases provide information on business-related news or other news of general interest to our stakeholders. Releases to the trade press provide more detailed information on our products and technologies. All releases are published in Finnish, Swedish and English, except those to the trade press, which are only published in English. The stock exchange releases and the press releases are available on Wärtsilä’s website immediately following publication.
The relations with the company’s investors and analysts are handled by IR Director Pauliina Tennilä together with the IR team. General inquiries can be sent to firstname.lastname@example.org.
Director, Investor Relations
Tel. +358 (0)10 709 5498
Tel. +358 (0)10 709 5637
Investor Relations & Communications Assistant
Tel. +358 (0)10 709 5445
Wärtsilä’s corporate communications and media relations are the responsibility of Atte Palomäki, Group Vice President, Communications & Branding.
Group Vice President, Communications & Branding
Tel. +358 (0)10 709 5599