Wartsila signs five-year vessel deal: Wartsila stock stands at EUR 17.4 billion

Published on 10/18/2026 at 13:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The contract covers two LNG carriers and was signed on October 7, 2026. Wartsila stock had a EUR 17.4 billion market value on October 16.

Orders and reporting dates

Wartsila signed a five-year service agreement for two vessels on October 7, 2026.
Second-quarter order intake rose 33.00 percent to EUR 2,849.00 million.
Wartsila will publish its January-September report on October 27, 2026.
Goldman Sachs raised its target from EUR 34.00 to EUR 35.00 on October 5, 2026.

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Wartsila (ISIN FI0009003727) signed a five-year service agreement with TMS Cardiff Gas for two newbuild liquefied natural gas carriers on October 7, 2026, according to Wartsila. The contract was booked in the third quarter and covers vessels equipped with Wartsila engines and remote support services.

Service work adds recurring content

The agreement covers the 174,000 cubic meter LNG carriers Al Thurayya and Al Majhoulah. Wartsila will provide maintenance planning, contract management and round-the-clock operational support, linking equipment sales with longer-term service revenue. The company said the agreement builds on a 2025 contract covering seven vessels in the operator's fleet, according to Wartsila.

What does the order mean for margins?

The latest contract is set against a stronger second quarter. Wartsila's comparable operating result increased 7.00 percent year over year to EUR 218.00 million in April-June 2026, lifting the comparable operating margin to 14.00 percent from 12.70 percent, according to the company's investor information. Order intake rose 33.00 percent to EUR 2,849.00 million, while net sales were stable at EUR 1,559.00 million. These figures point to order growth and service activity as the main operating markers before the next report.

Three recent operating milestones

On October 5, 2026, Wartsila announced a 282 MW data center power order involving 15 engines; on October 7, it signed the five-year agreement for two LNG carriers; and on October 13, it announced the publication date for its January-September report, according to Wartsila and Wartsila. The data center project was described as the company's seventh U.S. order in that market and brought total sold capacity above 3 GW, according to Wartsila.

Upcoming dates set the next test

Wartsila will publish its January-September 2026 interim report on October 27, 2026, followed by an analyst and press webinar, according to Wartsila. Capital Markets Day is scheduled for November 3, 2026. Goldman Sachs upgraded Wartsila from Neutral to Buy and raised its target from EUR 34.00 to EUR 35.00 on October 5, 2026, as reported by Business Insider.

Market value and reporting calendar

Wartsila had a market capitalization of EUR 17.4 billion on October 16, 2026, while its 52-week range was EUR 25.00 to EUR 40.75. The combination of a large order pipeline, recurring service work and two scheduled investor dates gives the stock a clear set of company-specific reference points.

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