Wartsila has managed to keep its profitability levels stable in the first quarter as its order intake grew.

The company reported pre-tax profit of EUR 74m ($80.8m) from January to March, compared to EUR 80m a year earlier.

Its order intake stood at EUR 1.41bn, up from EUR 1.27bn in the corresponding quarter of 2016.

Jaakko Eskola, president of Wartsila, said: “Wartsila’s order intake development was clearly the highlight of the first quarter.