Wärtsilä reported record order intake and higher profitability in the first half of 2026, supported by strong demand across its Marine and Energy businesses despite continued geopolitical uncertainty. During the first six months of the year, total order intake increased 23% to €4.93 billion, while the order book reached €8.98 billion, up 13% from a year earlier. Comparable operating profit rose 8% to €411 million, with the comparable operating margin improving to 13.7%. In the second quarter alone, Wärtsilä recorded an all-time high quarterly order intake of €2.85 billion, a 33% increase year-on-year. The company’s book-to-bill ratio improved to 1.83, reflecting continued strong customer demand. President and CEO Håkan Agnevall said geopolitical tensions continued to shape the operating environment, particularly in the Middle East. “The marine market remained strong despite the continued uncertainty,” Agnevall said. “Geopolitical disruptions, particularly in the Middle East and around the Strait of Hormuz, have led to longer voyage distances, trade rerouting, and strategic stockpiling of commodities, which together generally support vessel utilisation and freight rates.” He added that decarbonisation regulations continue to drive demand for more efficient vessels, creating opportunities for Wärtsilä’s marine technologies and lifecycle services. The company expects the demand environment for both its Marine and Energy businesses to remain at a similar level over the next 12 months. Following record order intake in Energy and record quarterly orders in Marine during the second quarter, Wärtsilä said market conditions remain favourable, particularly in the energy sector. During the quarter, Wärtsilä also completed the divestment of its Water & Waste and Gas Solutions businesses, marking the completion of its Portfolio Business divestment programme. The company also agreed to establish a 50/50 joint venture with Germany’s RC