ReutersReuters

Wartsila slides after 'mixed' Q1 amid growing market risks

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** Shares in Wartsila WRT1V fall 4% after the Finnish engineering group posted Q1 results roughly in line with expectations, but warned of increasing uncertainty in the market

** There are risks of postponements in investment decisions and of global economic activity slowing down, the Finnish provider of ship engines and power plants says

** It posts orders in the quarter at 1.90 billion euros ($2.15 billion), a touch above 1.89 billion expected on average, while its adjusted operating profit just missed consensus

** "The results are overall mixed, especially for the core businesses", J.P. Morgan says

** The broker adds that a high level of growth is needed now for Wartsila to achieve its FY revenue target

** "This may be somewhat ambitious in the current macro environment", JPM says

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