A drop in fourth quarter profit and a challenging outlook for the year ahead has not dampened spirits at Finnish engine manufacturer Wartsila.
Its bottom line of EUR 176m ($241.80m) for the final three months of 2010 was down on the EUR 396m booked a year ago but smashed forecasts.
And having completed a cull of around 1,000 staff the company is expecting margins to improve in the year ahead.
It
