Disappointing Q3 for Wartsila as company misses order intake market forecast

Finnish engineering group Wartsila reported third-quarter order intake below market expectations on Tuesday, blaming an uncertain macroeconomic environment with full impact of higher tariffs still unclear.

Wartsila's quarterly order intake fell 0.7 per cent year-on-year to 1.79 billion euros ($2.09 billion). Analysts polled by Vara were expecting new orders worth of 1.87 billion euros on average.

"Due to high geopolitical uncertainty, the changing landscape of global trade, and the lack of clarity related to tariffs, there are risks of postponements in investment decisions and of global economic activity slowing down," the company said in a statement.