Q1 2019 Wartsila Oyj Abp Earnings Call Transcript
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Good morning everyone and welcome to Wärtsilä Corporation's Q1 report session here everyone welcome -- here in the Helsinki, Wärtsilä Helsinki Campus, and of course everybody on the lines.
I will make a short presentation then we have time for questions and answers. And with me here -- actually in the front I have the heads of the businesses and our CFO. And almost the -- actually the whole board of management is helping me this morning.
I will start by talking a little bit about the market and the market environment, and I'll start with marine. The marine recovery is actually quite slow and there you can definitely see the demand outlook on merchant and offshore, which is cautious and that has been there for many quarters if you go back in history. On the other hand, again, you see good development and anticipated growth to continue in the LNG, cruise and ferry segment.
Energy. Our story and the fundamental drivers were -- on the
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