WARTSILA FRANCE SAS : revenue, balance sheet and financial ratios

WARTSILA FRANCE SAS is a French company founded 60 years ago, specialized in the sector Réparation de machines et équipements mécaniques. Based in MULHOUSE (68100), this company of category ETI shows in 2024 a revenue of 226.4 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - WARTSILA FRANCE SAS (SIREN 946650686)
Indicator 2024 2023 2022 2021 2020 2019 2017 2016
Revenue 226 392 000 € 170 635 000 € 178 594 000 € 160 597 000 € 155 203 000 € 168 532 000 € 167 740 000 € 176 133 €
Net income 12 242 000 € 8 506 000 € 3 586 000 € 8 852 000 € 8 222 000 € 9 056 000 € 11 656 000 € 12 254 €
EBITDA 9 129 000 € -40 872 000 € -418 126 000 € 2 989 000 € 8 862 000 € 16 234 000 € -31 559 000 € 15 426 €
Net margin 5.4% 5.0% 2.0% 5.5% 5.3% 5.4% 6.9% 7.0%

Revenue and income statement

In 2024, WARTSILA FRANCE SAS achieves revenue of 226.4 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +144.7%. Vs 2023, growth of +33% (170.6 M€ -> 226.4 M€). After deducting consumption (120.5 M€), gross margin stands at 105.9 M€, i.e. a rate of 47%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 9.1 M€, representing 4.0% of revenue. Positive scissor effect: EBITDA margin improves by +28.0 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 12.2 M€, i.e. 5.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

226 392 000 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

105 868 000 €

EBITDA (2024) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

9 129 000 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

13 322 000 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

12 242 000 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

4.0%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 0%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 28%. The balance between equity and debt is satisfactory. Cash flow represents 5.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.0%

Financial autonomy (2024) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

27.811%

Cash flow / Revenue (2024) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

5.816%

Repayment capacity (2024) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

0.0

Asset age ratio (2024) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

14.0%

Solvency indicators evolution
WARTSILA FRANCE SAS

Sector positioning

Debt ratio
0.0 2024
2022
2023
2024
Q1: 2.87
Med: 17.34
Q3: 52.01
Excellent

In 2024, the debt ratio of WARTSILA FRANCE SAS (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
27.81% 2024
2022
2023
2024
Q1: 23.1%
Med: 44.97%
Q3: 62.71%
Average -8 pts over 3 years

In 2024, the financial autonomy of WARTSILA FRANCE SAS (27.8%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
0.0 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.31 years
Q3: 1.48 years
Excellent

In 2024, the repayment capacity of WARTSILA FRANCE SAS (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 269.72. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 30.9x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2024) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

269.724

Interest coverage (2024) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

30.923

Liquidity indicators evolution
WARTSILA FRANCE SAS

Sector positioning

Liquidity ratio
269.72 2024
2022
2023
2024
Q1: 167.32
Med: 242.93
Q3: 357.25
Good

In 2024, the liquidity ratio of WARTSILA FRANCE SAS (269.72) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
30.92x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.55x
Q3: 3.79x
Excellent +50 pts over 3 years

In 2024, the interest coverage of WARTSILA FRANCE SAS (30.9x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 57 days. Excellent situation: suppliers finance 57 days of the operating cycle (retail model). Inventory turnover is 66 days (= Average inventory / Cost of goods x 360). WCR is negative (-20 days): operations structurally generate cash. Notable WCR improvement over the period (-123%), freeing up cash.

Operating WCR (2024) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

-12 557 964 €

Customer credit (2024) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

0 j

Supplier credit (2024) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

57 j

Inventory turnover (2024) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

66 j

WCR in days of revenue (2024) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

-20 j

WCR and payment terms evolution
WARTSILA FRANCE SAS

Positioning of WARTSILA FRANCE SAS in its sector

Comparison with sector Réparation de machines et équipements mécaniques

Valuation estimate

Based on 104 transactions of similar company sales (all years), the value of WARTSILA FRANCE SAS is estimated at 26 116 731 € (range 15 061 239€ - 73 055 848€). With an EBITDA of 9 129 000€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.27x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.

Estimated enterprise value 2024
104 transactions
15061k€ 26116k€ 73055k€
26 116 731 € Range: 15 061 239€ - 73 055 848€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
9 129 000 € × 1.0x
Estimation 9 387 231 €
6 479 652€ - 30 709 881€
Revenue Multiple 30%
226 392 000 € × 0.27x
Estimation 60 877 702 €
32 462 621€ - 154 614 702€
Net Income Multiple 20%
12 242 000 € × 1.3x
Estimation 15 799 028 €
10 413 133€ - 56 582 488€
How is this estimate calculated?

This estimate is based on the analysis of 104 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Réparation de machines et équipements mécaniques)

Compare WARTSILA FRANCE SAS with other companies in the same sector:

Voir toutes les statistiques du secteur Réparation de machines et équipements mécaniques

Frequently asked questions about WARTSILA FRANCE SAS

What is the revenue of WARTSILA FRANCE SAS ?

The revenue of WARTSILA FRANCE SAS in 2024 is 226.4 M€.

Is WARTSILA FRANCE SAS profitable?

Yes, WARTSILA FRANCE SAS generated a net profit of 12.2 M€ in 2024.

Where is the headquarters of WARTSILA FRANCE SAS ?

The headquarters of WARTSILA FRANCE SAS is located in MULHOUSE (68100), in the department Haut-Rhin.

Where to find the tax return of WARTSILA FRANCE SAS ?

The tax return of WARTSILA FRANCE SAS is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does WARTSILA FRANCE SAS operate?

WARTSILA FRANCE SAS operates in the sector Réparation de machines et équipements mécaniques (NAF code 33.12Z). See the 'Sector positioning' section above to compare the company with its competitors.