Wärtsilä on the capital markets 2009
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 2009
During 2009, Wärtsilä conducted 200 IR meetings in Helsinki, London, Edinburgh, Paris, Frankfurt, Stockholm, Copenhagen, Oslo, Boston, New York and Shanghai. In addition to one-on-one meetings, several group meetings were hosted at Wärtsilä’s offices during the year. The IR team also gave presentations at a number of investor conferences, both in Finland and abroad.
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 about the company and its shares in order to determine the fair value of our shares. To reach this objective we annually publish three interim reports, a financial statement bulletin, an annual report and stock exchange releases. Furthermore, Wärtsilä 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.
Prospects
Information on Wärtsilä's prospects and result forecast is published in the Financial Statements Bulletin for the financial year (and repeated also in the Annual Report) and in the interim reports. The forecasted prospects are approved by the Board of Directors.
Wärtsilä does not publish quarterly result forecasts. Should business circumstances change causing the prospects to be affected, Wärtsilä will publish changes to the prospects in accordance with regulations.
Market estimates
The company will review, upon request by an analyst, his or her earnings model or report only on factual accuracy or information that is in the public domain. Wärtsilä does not comment or take any responsibility for estimates or forecasts published by capital market representatives.
Silent period
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.
Communications policy and financial communication
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. Our communications activities comprise internal and external corporate communications and investor relations. 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 technology. All releases are published in Finnish, Swedish and English except those to the trade press, which are only produced in English. The stock exchange releases and press releases are available on Wärtsilä's web page immediately after they are published.
Contacts
Relations with the company’s investors and analysts are handled by Joséphine Mickwitz.
Joséphine Mickwitz
Director, Investor Relations
Tel. +358 (0)10 709 5216
Mobile: +358 400 784 889
E-mail: josephine.mickwitz@wartsila.com
Wärtsilä’s corporate communications and media relations are the responsibility of Atte Palomäki, Group Vice President, Communications & Branding.