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<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple"></link:roleRef>
  <link:roleRef xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple"></link:roleRef>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_Non-CurrentInterest-BearingInvestments" xlink:label="loc_Wartsila_Non-CurrentInterest-BearingInvestments_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="10.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_Non-CurrentInterest-BearingInvestments_0" xlink:to="lbl_Non-CurrentInterest-BearingInvestments_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_Non-CurrentInterest-BearingInvestments_0">Non-current interest-bearing investments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="11.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_Non-CurrentInterest-BearingInvestments_0" xlink:to="lbl_Non-CurrentInterest-BearingInvestments_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_Non-CurrentInterest-BearingInvestments_1">Non-CurrentInterest-BearingInvestments</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NoncurrentAssets" xlink:label="loc_ifrs-full_NoncurrentAssets_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="13.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssets_0" xlink:to="lbl_NoncurrentAssets_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_NoncurrentAssets_0">Non-current assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="14.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssets_0" xlink:to="lbl_NoncurrentAssets_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_NoncurrentAssets_1">Pitkäaikaiset varat</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract" xlink:label="loc_Wartsila_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="3.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract_0" xlink:to="lbl_CurrentAssetsOtherThanNon-CurrentAssetsDisposalGroupsClassifiedAsHeldSaleAsHeldDistributionOwnersAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_CurrentAssetsOtherThanNon-CurrentAssetsDisposalGroupsClassifiedAsHeldSaleAsHeldDistributionOwnersAbstract_0">Current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="4.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwnersAbstract_0" xlink:to="lbl_CurrentAssetsOtherThanNon-CurrentAssetsDisposalGroupsClassifiedAsHeldSaleAsHeldDistributionOwnersAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_CurrentAssetsOtherThanNon-CurrentAssetsDisposalGroupsClassifiedAsHeldSaleAsHeldDistributionOwnersAbstract_1">Muut lyhytaikaiset varat kuin myytävänä oleviksi tai omistajille jaettavaksi luokitellut pitkäaikaiset omaisuuserät tai luovutettavien erien ryhmät [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:label="loc_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="6.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_0" xlink:to="lbl_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_0">Current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="7.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_0" xlink:to="lbl_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_1">Muut lyhytaikaiset varat kuin myytävänä oleviksi tai omistajille jaettavaksi luokitellut pitkäaikaiset omaisuuserät tai luovutettavien erien ryhmät</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_Assets" xlink:label="loc_ifrs-full_Assets_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="6.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Assets_0" xlink:to="lbl_Assets_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_Assets_0">Assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="7.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Assets_0" xlink:to="lbl_Assets_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_Assets_1">Varat</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_EquityAttributableToOwnersOfParentAbstract" xlink:label="loc_Wartsila_EquityAttributableToOwnersOfParentAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_EquityAttributableToOwnersOfParentAbstract_0" xlink:to="lbl_EquityAttributableOwnersParentAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_EquityAttributableOwnersParentAbstract_0">Equity attributable to owners of parent [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_EquityAttributableToOwnersOfParentAbstract_0" xlink:to="lbl_EquityAttributableOwnersParentAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_EquityAttributableOwnersParentAbstract_1">Emoyrityksen omistajille kuuluva oma pääoma [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParent_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="7.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent_0" xlink:to="lbl_EquityAttributableToOwnersOfParent_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_EquityAttributableToOwnersOfParent_0">Equity attributable to owners of parent</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="8.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent_0" xlink:to="lbl_EquityAttributableToOwnersOfParent_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_EquityAttributableToOwnersOfParent_1">Emoyrityksen omistajille kuuluva oma pääoma</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_Equity" xlink:label="loc_ifrs-full_Equity_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="5.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity_0" xlink:to="lbl_Equity_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_Equity_0">Equity</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="6.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity_0" xlink:to="lbl_Equity_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_Equity_1">Oma pääoma</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NoncurrentLiabilities" xlink:label="loc_ifrs-full_NoncurrentLiabilities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="7.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentLiabilities_0" xlink:to="lbl_NoncurrentLiabilities_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_NoncurrentLiabilities_0">Non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="8.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentLiabilities_0" xlink:to="lbl_NoncurrentLiabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_NoncurrentLiabilities_1">Pitkäaikaiset velat</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleAbstract" xlink:label="loc_Wartsila_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleAbstract_0" xlink:to="lbl_CurrentLiabilitiesOtherThanLiabilitiesIncludedDisposalGroupsClassifiedAsHeldSaleAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_CurrentLiabilitiesOtherThanLiabilitiesIncludedDisposalGroupsClassifiedAsHeldSaleAbstract_0">Current liabilities other than liabilities included in disposal groups classified as held for sale [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="3.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleAbstract_0" xlink:to="lbl_CurrentLiabilitiesOtherThanLiabilitiesIncludedDisposalGroupsClassifiedAsHeldSaleAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_CurrentLiabilitiesOtherThanLiabilitiesIncludedDisposalGroupsClassifiedAsHeldSaleAbstract_1">Muut lyhytaikaiset velat kuin velat, jotka sisältyvät myytävänä oleviksi luokiteltuihin luovutettavien erien ryhmiin [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentProvisions" xlink:label="loc_ifrs-full_CurrentProvisions_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentProvisions_0" xlink:to="lbl_CurrentProvisions_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CurrentProvisions_0">Current provisions</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentProvisions_0" xlink:to="lbl_CurrentProvisions_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CurrentProvisions_1">Lyhytaikaiset varaukset</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:label="loc_ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="7.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_0" xlink:to="lbl_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_0">Current liabilities other than liabilities included in disposal groups classified as held for sale</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="8.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_0" xlink:to="lbl_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_1">Muut lyhytaikaiset velat kuin velat, jotka sisältyvät myytävänä oleviksi luokiteltuihin luovutettavien erien ryhmiin</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_Liabilities" xlink:label="loc_ifrs-full_Liabilities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="5.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Liabilities_0" xlink:to="lbl_Liabilities_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_Liabilities_0">Liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="6.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Liabilities_0" xlink:to="lbl_Liabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_Liabilities_1">Velat</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_EquityAndLiabilities" xlink:label="loc_ifrs-full_EquityAndLiabilities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="4.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilities_0" xlink:to="lbl_EquityAndLiabilities_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_EquityAndLiabilities_0">Equity and liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="5.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilities_0" xlink:to="lbl_EquityAndLiabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_EquityAndLiabilities_1">Oma pääoma ja velat</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_ProfitLossBeforeTaxAbstract" xlink:label="loc_Wartsila_ProfitLossBeforeTaxAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_ProfitLossBeforeTaxAbstract_0" xlink:to="lbl_ProfitLossBeforeTaxAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_ProfitLossBeforeTaxAbstract_0">Profit (loss) before tax [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_ProfitLossBeforeTaxAbstract_0" xlink:to="lbl_ProfitLossBeforeTaxAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_ProfitLossBeforeTaxAbstract_1">Voitto (tai tappio) ennen veroja [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_ProfitLossFromOperatingActivitiesAbstract" xlink:label="loc_Wartsila_ProfitLossFromOperatingActivitiesAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_ProfitLossFromOperatingActivitiesAbstract_0" xlink:to="lbl_ProfitLossOperatingActivitiesAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_ProfitLossOperatingActivitiesAbstract_0">Profit (loss) from operating activities [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_ProfitLossFromOperatingActivitiesAbstract_0" xlink:to="lbl_ProfitLossOperatingActivitiesAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_ProfitLossOperatingActivitiesAbstract_1">Liiketoiminnan voitto (tai tappio) [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ChangesInInventoriesOfFinishedGoodsAndWorkInProgress" xlink:label="loc_ifrs-full_ChangesInInventoriesOfFinishedGoodsAndWorkInProgress_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="3.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ChangesInInventoriesOfFinishedGoodsAndWorkInProgress_0" xlink:to="lbl_ChangesInInventoriesOfFinishedGoodsAndWorkInProgress_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_ChangesInInventoriesOfFinishedGoodsAndWorkInProgress_0">Increase (decrease) in inventories of finished goods and work in progress</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="4.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ChangesInInventoriesOfFinishedGoodsAndWorkInProgress_0" xlink:to="lbl_ChangesInInventoriesOfFinishedGoodsAndWorkInProgress_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_ChangesInInventoriesOfFinishedGoodsAndWorkInProgress_1">Valmiiden ja keskeneräisten tuotteiden varastojen vähennys (tai lisäys)</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_RawMaterialsAndConsumablesUsed" xlink:label="loc_ifrs-full_RawMaterialsAndConsumablesUsed_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="7.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RawMaterialsAndConsumablesUsed_0" xlink:to="lbl_RawMaterialsAndConsumablesUsed_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_RawMaterialsAndConsumablesUsed_0">Raw materials and consumables used</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="8.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RawMaterialsAndConsumablesUsed_0" xlink:to="lbl_RawMaterialsAndConsumablesUsed_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_RawMaterialsAndConsumablesUsed_1">Aineiden ja tarvikkeiden käyttö</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_EmployeeBenefitsExpense" xlink:label="loc_ifrs-full_EmployeeBenefitsExpense_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="10.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EmployeeBenefitsExpense_0" xlink:to="lbl_EmployeeBenefitsExpense_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_EmployeeBenefitsExpense_0">Employee benefits expense</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="11.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EmployeeBenefitsExpense_0" xlink:to="lbl_EmployeeBenefitsExpense_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_EmployeeBenefitsExpense_1">Työsuhde-etuuksista aiheutuvat kulut</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OtherExpenseByNature" xlink:label="loc_ifrs-full_OtherExpenseByNature_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="13.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherExpenseByNature_0" xlink:to="lbl_OtherExpenseByNature_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lbl_OtherExpenseByNature_0">Other expenses</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="14.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherExpenseByNature_0" xlink:to="lbl_OtherExpenseByNature_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lbl_OtherExpenseByNature_1">Muut kulut kululajittaista erittelyä käytettäessä</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="loc_ifrs-full_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_0" xlink:to="lbl_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_0">Depreciation, amortisation and impairment loss (reversal of impairment loss) recognised in profit or loss</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_0" xlink:to="lbl_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_1">Tulosvaikutteisesti kirjatut poistot ja arvonalentumistappio (tai arvonalentumistappion peruuttaminen)</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ProfitLossFromOperatingActivities" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="19.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_0" xlink:to="lbl_ProfitLossFromOperatingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_ProfitLossFromOperatingActivities_0">Profit (loss) from operating activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="20.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_0" xlink:to="lbl_ProfitLossFromOperatingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_ProfitLossFromOperatingActivities_1">Liiketoiminnan voitto (tai tappio)</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_FinanceCosts" xlink:label="loc_ifrs-full_FinanceCosts_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="5.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceCosts_0" xlink:to="lbl_FinanceCosts_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_FinanceCosts_0">Finance costs</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="6.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceCosts_0" xlink:to="lbl_FinanceCosts_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_FinanceCosts_1">Rahoituskulut</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="loc_ifrs-full_ProfitLossBeforeTax_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="8.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_0" xlink:to="lbl_ProfitLossBeforeTax_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_ProfitLossBeforeTax_0">Profit (loss) before tax</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="9.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_0" xlink:to="lbl_ProfitLossBeforeTax_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_ProfitLossBeforeTax_1">Voitto (tai tappio) ennen veroja</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="4.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations_0" xlink:to="lbl_IncomeTaxExpenseContinuingOperations_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lbl_IncomeTaxExpenseContinuingOperations_0">Tax income (expense)</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="5.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations_0" xlink:to="lbl_IncomeTaxExpenseContinuingOperations_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lbl_IncomeTaxExpenseContinuingOperations_1">Verokulu (tai -tuotto)</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ProfitLoss" xlink:label="loc_ifrs-full_ProfitLoss_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="7.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss_0" xlink:to="lbl_ProfitLoss_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_ProfitLoss_0">Profit (loss)</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="8.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss_0" xlink:to="lbl_ProfitLoss_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_ProfitLoss_1">Voitto (tai tappio)</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlansAbstract" xlink:label="loc_Wartsila_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlansAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlansAbstract_0" xlink:to="lbl_OtherComprehensiveIncomeNetTaxGainsLossesOnRemeasurementsDefinedBenefitPlansAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_OtherComprehensiveIncomeNetTaxGainsLossesOnRemeasurementsDefinedBenefitPlansAbstract_0">Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlansAbstract_0" xlink:to="lbl_OtherComprehensiveIncomeNetTaxGainsLossesOnRemeasurementsDefinedBenefitPlansAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_OtherComprehensiveIncomeNetTaxGainsLossesOnRemeasurementsDefinedBenefitPlansAbstract_1">Muut laajan tuloksen erät verot huomioon otettuina, voitot (tai tappiot) etuuspohjaisten järjestelyjen uudelleen määrittämisestä [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:label="loc_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_0" xlink:to="lbl_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_0">Income tax relating to remeasurements of defined benefit plans included in other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="3.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_0" xlink:to="lbl_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_1">Tulovero, joka liittyy muihin laajan tuloksen eriin sisältyviin etuuspohjaisten järjestelyjen uudelleen määrittämisestä johtuviin eriin</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="5.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_0" xlink:to="lbl_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_0">Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="6.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_0" xlink:to="lbl_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_1">Muut laajan tuloksen erät verot huomioon otettuina, voitot (tai tappiot) etuuspohjaisten järjestelyjen uudelleen määrittämisestä</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="loc_Wartsila_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_0" xlink:to="lbl_OtherComprehensiveIncomeThatWillBeReclassifiedProfitLossNetTaxAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_OtherComprehensiveIncomeThatWillBeReclassifiedProfitLossNetTaxAbstract_0">Other comprehensive income that will be reclassified to profit or loss, net of tax [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="3.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_0" xlink:to="lbl_OtherComprehensiveIncomeThatWillBeReclassifiedProfitLossNetTaxAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_OtherComprehensiveIncomeThatWillBeReclassifiedProfitLossNetTaxAbstract_1">Tulosvaikutteisiksi siirrettävät muut laajan tuloksen erät verot huomioon otettuina [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_0" xlink:to="lbl_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_0">Reclassification adjustments on exchange differences on translation, net of tax</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_0" xlink:to="lbl_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_1">Muuntoeroihin liittyvät luokittelun muutoksesta johtuvat oikaisut verot huomioon otettuina</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_ExchangeRateDifferencesOnTranslationNetTaxEquityHoldersParentCompany" xlink:label="loc_Wartsila_ExchangeRateDifferencesOnTranslationNetTaxEquityHoldersParentCompany_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="4.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_ExchangeRateDifferencesOnTranslationNetTaxEquityHoldersParentCompany_0" xlink:to="lbl_ExchangeRateDifferencesOnTranslationNetTaxEquityHoldersParentCompany_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_ExchangeRateDifferencesOnTranslationNetTaxEquityHoldersParentCompany_0">Exchange rate differences on translation, net of tax, for equity holders of the parent company</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="5.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_ExchangeRateDifferencesOnTranslationNetTaxEquityHoldersParentCompany_0" xlink:to="lbl_ExchangeRateDifferencesOnTranslationNetTaxEquityHoldersParentCompany_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_ExchangeRateDifferencesOnTranslationNetTaxEquityHoldersParentCompany_1">ExchangeRateDifferencesOnTranslationNetTaxEquityHoldersParentCompany</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_ExchangeRateDifferencesOnTranslationNetTaxNon-ControllingInterests" xlink:label="loc_Wartsila_ExchangeRateDifferencesOnTranslationNetTaxNon-ControllingInterests_0"></link:loc>
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    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_ExchangeRateDifferencesOnTranslationNetTaxNon-ControllingInterests_0">Exchange rate differences on translation, net of tax, for non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="8.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_ExchangeRateDifferencesOnTranslationNetTaxNon-ControllingInterests_0" xlink:to="lbl_ExchangeRateDifferencesOnTranslationNetTaxNon-ControllingInterests_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_ExchangeRateDifferencesOnTranslationNetTaxNon-ControllingInterests_1">ExchangeRateDifferencesOnTranslationNetTaxNon-ControllingInterests</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="11.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_0" xlink:to="lbl_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_0">Reclassification adjustments on cash flow hedges, before tax</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="12.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_0" xlink:to="lbl_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_1">Rahavirran suojauksiin liittyvät luokittelun muutoksesta johtuvat oikaisut ennen veroja</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xlink:label="loc_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="14.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_0" xlink:to="lbl_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_0">Income tax relating to cash flow hedges included in other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="15.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_0" xlink:to="lbl_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_1">Tulovero, joka liittyy muihin laajan tuloksen eriin sisältyviin rahavirran suojauksia koskeviin eriin</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="3.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_0" xlink:to="lbl_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_0">Other comprehensive income that will be reclassified to profit or loss, net of tax</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="4.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_0" xlink:to="lbl_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_1">Tulosvaikutteisiksi siirrettävät muut laajan tuloksen erät verot huomioon otettuina</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="loc_ifrs-full_OtherComprehensiveIncome_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="5.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncome_0" xlink:to="lbl_OtherComprehensiveIncome_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_OtherComprehensiveIncome_0">Other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="6.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncome_0" xlink:to="lbl_OtherComprehensiveIncome_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_OtherComprehensiveIncome_1">Muut laajan tuloksen erät</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ComprehensiveIncome" xlink:label="loc_ifrs-full_ComprehensiveIncome_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncome_0" xlink:to="lbl_ComprehensiveIncome_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_ComprehensiveIncome_0">Comprehensive income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="3.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncome_0" xlink:to="lbl_ComprehensiveIncome_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_ComprehensiveIncome_1">Laaja tulos</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_TranslationDifferences" xlink:label="loc_Wartsila_TranslationDifferences_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="3.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_TranslationDifferences_0" xlink:to="lbl_TranslationDifferences_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_TranslationDifferences_0">Translation differences</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="4.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_TranslationDifferences_0" xlink:to="lbl_TranslationDifferences_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_TranslationDifferences_1">TranslationDifferences</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_TranslationDifferencesTransferredStatementIncome" xlink:label="loc_Wartsila_TranslationDifferencesTransferredStatementIncome_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="6.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_TranslationDifferencesTransferredStatementIncome_0" xlink:to="lbl_TranslationDifferencesTransferredStatementIncome_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_TranslationDifferencesTransferredStatementIncome_0">Translation differences, transferred to statement of income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="7.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_TranslationDifferencesTransferredStatementIncome_0" xlink:to="lbl_TranslationDifferencesTransferredStatementIncome_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_TranslationDifferencesTransferredStatementIncome_1">TranslationDifferencesTransferredStatementIncome</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_TransferredToIncomeStatementNetTaxes" xlink:label="loc_Wartsila_TransferredToIncomeStatementNetTaxes_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="9.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_TransferredToIncomeStatementNetTaxes_0" xlink:to="lbl_TransferredToIncomeStatementNetTaxes_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_TransferredToIncomeStatementNetTaxes_0">Transferred to income statement, net of taxes</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="10.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_TransferredToIncomeStatementNetTaxes_0" xlink:to="lbl_TransferredToIncomeStatementNetTaxes_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_TransferredToIncomeStatementNetTaxes_1">TransferredToIncomeStatementNetTaxes</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_NetChangeInFairValueNetTaxes" xlink:label="loc_Wartsila_NetChangeInFairValueNetTaxes_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="12.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_NetChangeInFairValueNetTaxes_0" xlink:to="lbl_NetChangeInFairValueNetTaxes_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_NetChangeInFairValueNetTaxes_0">Net change in fair value, net of taxes</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="13.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_NetChangeInFairValueNetTaxes_0" xlink:to="lbl_NetChangeInFairValueNetTaxes_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_NetChangeInFairValueNetTaxes_1">NetChangeInFairValueNetTaxes</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DividendsPaid" xlink:label="loc_ifrs-full_DividendsPaid_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaid_0" xlink:to="lbl_DividendsPaid_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_DividendsPaid_0">Dividends recognised as distributions to owners</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="3.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaid_0" xlink:to="lbl_DividendsPaid_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lbl_DividendsPaid_1">Osingot, jotka on kirjattu varojen jakamisena omistajille</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipment_0" xlink:to="lbl_PropertyPlantAndEquipment_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_PropertyPlantAndEquipment_0">Property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipment_0" xlink:to="lbl_PropertyPlantAndEquipment_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_PropertyPlantAndEquipment_1">Aineelliset käyttöomaisuushyödykkeet</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:label="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod_0" xlink:to="lbl_InvestmentAccountedForUsingEquityMethod_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_InvestmentAccountedForUsingEquityMethod_0">Investments accounted for using equity method</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod_0" xlink:to="lbl_InvestmentAccountedForUsingEquityMethod_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_InvestmentAccountedForUsingEquityMethod_1">Pääomaosuusmenetelmällä käsiteltävät sijoitukset</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_Inventories" xlink:label="loc_ifrs-full_Inventories_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Inventories_0" xlink:to="lbl_Inventories_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_Inventories_0">Current inventories</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Inventories_0" xlink:to="lbl_Inventories_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_Inventories_1">Lyhytaikainen vaihto-omaisuus</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="loc_ifrs-full_CashAndCashEquivalents_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalents_0" xlink:to="lbl_CashAndCashEquivalents_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CashAndCashEquivalents_0">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalents_0" xlink:to="lbl_CashAndCashEquivalents_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CashAndCashEquivalents_1">Rahavarat</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:label="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_0" xlink:to="lbl_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_0">Non-current assets or disposal groups classified as held for sale or as held for distribution to owners</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_0" xlink:to="lbl_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_1">Myytävänä oleviksi tai omistajille jaettavaksi luokitellut pitkäaikaiset omaisuuserät tai luovutettavien erien ryhmät</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill_0" xlink:to="lbl_IntangibleAssetsOtherThanGoodwill_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_IntangibleAssetsOtherThanGoodwill_0">Intangible assets other than goodwill</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill_0" xlink:to="lbl_IntangibleAssetsOtherThanGoodwill_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_IntangibleAssetsOtherThanGoodwill_1">Muut aineettomat hyödykkeet kuin liikearvo</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_Revenue" xlink:label="loc_ifrs-full_Revenue_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Revenue_0" xlink:to="lbl_Revenue_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_Revenue_0">Revenue</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Revenue_0" xlink:to="lbl_Revenue_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_Revenue_1">Tuotot</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_BasicAndDilutedEarningsLossPerShare" xlink:label="loc_ifrs-full_BasicAndDilutedEarningsLossPerShare_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BasicAndDilutedEarningsLossPerShare_0" xlink:to="lbl_BasicAndDilutedEarningsLossPerShare_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_BasicAndDilutedEarningsLossPerShare_0">Basic and diluted earnings (loss) per share</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BasicAndDilutedEarningsLossPerShare_0" xlink:to="lbl_BasicAndDilutedEarningsLossPerShare_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_BasicAndDilutedEarningsLossPerShare_1">Laimentamaton ja laimennusvaikutuksella oikaistu osakekohtainen tulos (tai tappio)</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_0" xlink:to="lbl_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_0">Share of profit (loss) of associates and joint ventures accounted for using equity method</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_0" xlink:to="lbl_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1">Osuus pääomaosuusmenetelmällä käsiteltävien osakkuus- ja yhteisyritysten voitosta (tai tappiosta)</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChangesAbstract" xlink:label="loc_Wartsila_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChangesAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChangesAbstract_0" xlink:to="lbl_IncreaseDecreaseCashCashEquivalentsBeforeEffectExchangeRateChangesAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_IncreaseDecreaseCashCashEquivalentsBeforeEffectExchangeRateChangesAbstract_0">Increase (decrease) in cash and cash equivalents before effect of exchange rate changes [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChangesAbstract_0" xlink:to="lbl_IncreaseDecreaseCashCashEquivalentsBeforeEffectExchangeRateChangesAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_IncreaseDecreaseCashCashEquivalentsBeforeEffectExchangeRateChangesAbstract_1">Rahavarojen lisäys (tai vähennys) ennen valuuttakurssien muutosten vaikutusta [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_CashFlowAfterInvestingActivitiesAbstract" xlink:label="loc_Wartsila_CashFlowAfterInvestingActivitiesAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_CashFlowAfterInvestingActivitiesAbstract_0" xlink:to="lbl_CashFlowAfterInvestingActivitiesAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_CashFlowAfterInvestingActivitiesAbstract_0">Cash flow after investing activities [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_CashFlowAfterInvestingActivitiesAbstract_0" xlink:to="lbl_CashFlowAfterInvestingActivitiesAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_CashFlowAfterInvestingActivitiesAbstract_1">CashFlowAfterInvestingActivitiesAbstract</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_CashFlowsFromUsedInOperationsAbstract" xlink:label="loc_Wartsila_CashFlowsFromUsedInOperationsAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_CashFlowsFromUsedInOperationsAbstract_0" xlink:to="lbl_CashFlowsUsedInOperationsAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_CashFlowsUsedInOperationsAbstract_0">Cash flows from (used in) operations [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_CashFlowsFromUsedInOperationsAbstract_0" xlink:to="lbl_CashFlowsUsedInOperationsAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_CashFlowsUsedInOperationsAbstract_1">Liiketoiminnoista saadut (tai liiketoiminnoissa käytetyt) rahavirrat [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_IncreaseDecreaseInWorkingCapitalAbstract" xlink:label="loc_Wartsila_IncreaseDecreaseInWorkingCapitalAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_IncreaseDecreaseInWorkingCapitalAbstract_0" xlink:to="lbl_IncreaseDecreaseWorkingCapitalAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_IncreaseDecreaseWorkingCapitalAbstract_0">Increase (decrease) in working capital [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_IncreaseDecreaseInWorkingCapitalAbstract_0" xlink:to="lbl_IncreaseDecreaseWorkingCapitalAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_IncreaseDecreaseWorkingCapitalAbstract_1">Käyttöpääoman lisäys (tai vähennys) [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:label="loc_ifrs-full_IncreaseDecreaseInWorkingCapital_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="4.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInWorkingCapital_0" xlink:to="lbl_IncreaseDecreaseInWorkingCapital_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_IncreaseDecreaseInWorkingCapital_0">Increase (decrease) in working capital</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="5.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInWorkingCapital_0" xlink:to="lbl_IncreaseDecreaseInWorkingCapital_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_IncreaseDecreaseInWorkingCapital_1">Käyttöpääoman lisäys (tai vähennys)</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapitalAbstract" xlink:label="loc_Wartsila_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapitalAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="4.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapitalAbstract_0" xlink:to="lbl_CashFlowsUsedInOperationsBeforeChangesWorkingCapitalAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_CashFlowsUsedInOperationsBeforeChangesWorkingCapitalAbstract_0">Cash flows from (used in) operations before changes in working capital [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="5.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapitalAbstract_0" xlink:to="lbl_CashFlowsUsedInOperationsBeforeChangesWorkingCapitalAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_CashFlowsUsedInOperationsBeforeChangesWorkingCapitalAbstract_1">Liiketoiminnoista saadut (tai liiketoiminnoissa käytetyt) rahavirrat ennen käyttöpääoman muutoksia [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="7.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_0" xlink:to="lbl_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_0">Cash flows from (used in) operations before changes in working capital</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="8.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_0" xlink:to="lbl_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_1">Liiketoiminnoista saadut (tai liiketoiminnoissa käytetyt) rahavirrat ennen käyttöpääoman muutoksia</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperations" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperations_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="7.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperations_0" xlink:to="lbl_CashFlowsFromUsedInOperations_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CashFlowsFromUsedInOperations_0">Cash flows from (used in) operations</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="8.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperations_0" xlink:to="lbl_CashFlowsFromUsedInOperations_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CashFlowsFromUsedInOperations_1">Liiketoiminnoista saadut (tai liiketoiminnoissa käytetyt) rahavirrat</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_FinancialItemsPaidTaxesAbstract" xlink:label="loc_Wartsila_FinancialItemsPaidTaxesAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="4.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_FinancialItemsPaidTaxesAbstract_0" xlink:to="lbl_FinancialItemsPaidTaxesAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_FinancialItemsPaidTaxesAbstract_0">Financial items and paid taxes [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="5.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_FinancialItemsPaidTaxesAbstract_0" xlink:to="lbl_FinancialItemsPaidTaxesAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_FinancialItemsPaidTaxesAbstract_1">FinancialItemsPaidTaxesAbstract</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsOperatingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestPaidClassifiedAsOperatingActivities_0" xlink:to="lbl_InterestPaidClassifiedAsOperatingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lbl_InterestPaidClassifiedAsOperatingActivities_0">Interest paid</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestPaidClassifiedAsOperatingActivities_0" xlink:to="lbl_InterestPaidClassifiedAsOperatingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lbl_InterestPaidClassifiedAsOperatingActivities_1">Maksetut korot, jotka on luokiteltu liiketoimintaan kuuluviksi</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:label="loc_ifrs-full_InterestReceivedClassifiedAsOperatingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="4.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestReceivedClassifiedAsOperatingActivities_0" xlink:to="lbl_InterestReceivedClassifiedAsOperatingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lbl_InterestReceivedClassifiedAsOperatingActivities_0">Interest received</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="5.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestReceivedClassifiedAsOperatingActivities_0" xlink:to="lbl_InterestReceivedClassifiedAsOperatingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lbl_InterestReceivedClassifiedAsOperatingActivities_1">Saadut korot, jotka on luokiteltu liiketoimintaan kuuluviksi</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:label="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="7.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_0" xlink:to="lbl_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lbl_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_0">Income taxes refund (paid)</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="8.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_0" xlink:to="lbl_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lbl_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_1">Tuloverojen maksut (tai palautukset), jotka on luokiteltu liiketoimintaan kuuluviksi</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:label="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="10.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_0" xlink:to="lbl_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lbl_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_0">Other inflows (outflows) of cash</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="11.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_0" xlink:to="lbl_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lbl_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_1">Muut liiketoiminnan rahavirroiksi luokiteltavat tulevat (tai lähtevät) rahavirrat</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_FinancialItemsPaidTaxes" xlink:label="loc_Wartsila_FinancialItemsPaidTaxes_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="13.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_FinancialItemsPaidTaxes_0" xlink:to="lbl_FinancialItemsPaidTaxes_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_FinancialItemsPaidTaxes_0">Financial items and paid taxes</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="14.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_FinancialItemsPaidTaxes_0" xlink:to="lbl_FinancialItemsPaidTaxes_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_FinancialItemsPaidTaxes_1">Financial items and paid taxes</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="15.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_FinancialItemsPaidTaxes_0" xlink:to="lbl_FinancialItemsPaidTaxes_2"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_FinancialItemsPaidTaxes_2">FinancialItemsPaidTaxes</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="16.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_FinancialItemsPaidTaxes_0" xlink:to="lbl_FinancialItemsPaidTaxes_3"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_FinancialItemsPaidTaxes_3">FinancialItemsPaidTaxes</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="7.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_0" xlink:to="lbl_CashFlowsFromUsedInOperatingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CashFlowsFromUsedInOperatingActivities_0">Cash flows from (used in) operating activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="8.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_0" xlink:to="lbl_CashFlowsFromUsedInOperatingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CashFlowsFromUsedInOperatingActivities_1">Liiketoiminnasta saadut (tai liiketoiminnassa käytetyt) rahavirrat</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_0" xlink:to="lbl_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lbl_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_0">Cash flows from losing control of subsidiaries or other businesses</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_0" xlink:to="lbl_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lbl_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_1">Rahavirrat tytäryrityksiä tai muita liiketoimintoja koskevan määräysvallan menettämisestä, luokiteltu kuuluviksi investointeihin</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="4.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_0" xlink:to="lbl_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lbl_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_0">Cash flows used in obtaining control of subsidiaries or other businesses</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="5.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_0" xlink:to="lbl_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lbl_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_1">Tytäryrityksiä tai muita liiketoimintoja koskevan määräysvallan saamiseen käytetyt rahavirrat, luokiteltu kuuluviksi investointeihin</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_ProceedsSalePropertyPlantEquipmentIntangibleAssets" xlink:label="loc_Wartsila_ProceedsSalePropertyPlantEquipmentIntangibleAssets_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="7.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_ProceedsSalePropertyPlantEquipmentIntangibleAssets_0" xlink:to="lbl_ProceedsSalePropertyPlantEquipmentIntangibleAssets_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_ProceedsSalePropertyPlantEquipmentIntangibleAssets_0">Proceeds from sale of property, plant and equipment and intangible assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="8.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_ProceedsSalePropertyPlantEquipmentIntangibleAssets_0" xlink:to="lbl_ProceedsSalePropertyPlantEquipmentIntangibleAssets_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_ProceedsSalePropertyPlantEquipmentIntangibleAssets_1">Proceeds from sale of property, plant and equipment and intangible assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="9.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_ProceedsSalePropertyPlantEquipmentIntangibleAssets_0" xlink:to="lbl_ProceedsSalePropertyPlantEquipmentIntangibleAssets_2"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_ProceedsSalePropertyPlantEquipmentIntangibleAssets_2">ProceedsSalePropertyPlantEquipmentIntangibleAssets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="10.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_ProceedsSalePropertyPlantEquipmentIntangibleAssets_0" xlink:to="lbl_ProceedsSalePropertyPlantEquipmentIntangibleAssets_3"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_ProceedsSalePropertyPlantEquipmentIntangibleAssets_3">ProceedsSalePropertyPlantEquipmentIntangibleAssets</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_InvestmentsInPropertyPlantEquipmentIntangibleAssets" xlink:label="loc_Wartsila_InvestmentsInPropertyPlantEquipmentIntangibleAssets_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="12.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_InvestmentsInPropertyPlantEquipmentIntangibleAssets_0" xlink:to="lbl_InvestmentsInPropertyPlantEquipmentIntangibleAssets_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_InvestmentsInPropertyPlantEquipmentIntangibleAssets_0">Investments in property, plant and equipment and intangible assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="13.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_InvestmentsInPropertyPlantEquipmentIntangibleAssets_0" xlink:to="lbl_InvestmentsInPropertyPlantEquipmentIntangibleAssets_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_InvestmentsInPropertyPlantEquipmentIntangibleAssets_1">Investments in property, plant and equipment and intangible assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="14.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_InvestmentsInPropertyPlantEquipmentIntangibleAssets_0" xlink:to="lbl_InvestmentsInPropertyPlantEquipmentIntangibleAssets_2"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_InvestmentsInPropertyPlantEquipmentIntangibleAssets_2">InvestmentsInPropertyPlantEquipmentIntangibleAssets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="15.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_InvestmentsInPropertyPlantEquipmentIntangibleAssets_0" xlink:to="lbl_InvestmentsInPropertyPlantEquipmentIntangibleAssets_3"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_InvestmentsInPropertyPlantEquipmentIntangibleAssets_3">InvestmentsInPropertyPlantEquipmentIntangibleAssets</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_ProceedsSaleSharesAssociatesJointVentures" xlink:label="loc_Wartsila_ProceedsSaleSharesAssociatesJointVentures_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="18.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_ProceedsSaleSharesAssociatesJointVentures_0" xlink:to="lbl_ProceedsSaleSharesAssociatesJointVentures_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_ProceedsSaleSharesAssociatesJointVentures_0">Proceeds from sale of shares in associates and joint ventures</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="19.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_ProceedsSaleSharesAssociatesJointVentures_0" xlink:to="lbl_ProceedsSaleSharesAssociatesJointVentures_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_ProceedsSaleSharesAssociatesJointVentures_1">ProceedsSaleSharesAssociatesJointVentures</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="21.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_0" xlink:to="lbl_CashFlowsFromUsedInInvestingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CashFlowsFromUsedInInvestingActivities_0">Cash flows from (used in) investing activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="22.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_0" xlink:to="lbl_CashFlowsFromUsedInInvestingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CashFlowsFromUsedInInvestingActivities_1">Investoinneista saadut (tai investointeihin käytetyt) rahavirrat</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_CashFlowAfterInvestingActivities" xlink:label="loc_Wartsila_CashFlowAfterInvestingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="3.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_CashFlowAfterInvestingActivities_0" xlink:to="lbl_CashFlowAfterInvestingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_CashFlowAfterInvestingActivities_0">Cash flow after investing activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="4.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_CashFlowAfterInvestingActivities_0" xlink:to="lbl_CashFlowAfterInvestingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CashFlowAfterInvestingActivities_1">Cash flow after investing activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="5.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_CashFlowAfterInvestingActivities_0" xlink:to="lbl_CashFlowAfterInvestingActivities_2"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_CashFlowAfterInvestingActivities_2">CashFlowAfterInvestingActivities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="6.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_CashFlowAfterInvestingActivities_0" xlink:to="lbl_CashFlowAfterInvestingActivities_3"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CashFlowAfterInvestingActivities_3">CashFlowAfterInvestingActivities</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_0" xlink:to="lbl_DividendsPaidClassifiedAsFinancingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lbl_DividendsPaidClassifiedAsFinancingActivities_0">Dividends paid</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="2.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_0" xlink:to="lbl_DividendsPaidClassifiedAsFinancingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lbl_DividendsPaidClassifiedAsFinancingActivities_1">Maksetut osingot, luokiteltu kuuluviksi rahoitukseen</link:label>
    <link:loc xlink:type="locator" xlink:href="wartsila-2020-12-31.xsd#Wartsila_LoanReceivablesIncrease-Decrease" xlink:label="loc_Wartsila_LoanReceivablesIncrease-Decrease_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="7.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_LoanReceivablesIncrease-Decrease_0" xlink:to="lbl_LoanReceivablesIncrease-Decrease_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_LoanReceivablesIncrease-Decrease_0">Loan receivables, increase (-) / decrease (+)</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="8.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Wartsila_LoanReceivablesIncrease-Decrease_0" xlink:to="lbl_LoanReceivablesIncrease-Decrease_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lbl_LoanReceivablesIncrease-Decrease_1">LoanReceivablesIncrease-Decrease</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="10.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_0" xlink:to="lbl_CashFlowsFromUsedInFinancingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CashFlowsFromUsedInFinancingActivities_0">Cash flows from (used in) financing activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="11.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_0" xlink:to="lbl_CashFlowsFromUsedInFinancingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_CashFlowsFromUsedInFinancingActivities_1">Rahoituksesta saadut (tai rahoituksessa käytetyt) rahavirrat</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="5.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_0" xlink:to="lbl_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_0">Increase (decrease) in cash and cash equivalents before effect of exchange rate changes</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="6.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_0" xlink:to="lbl_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_1"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="fi" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_1">Rahavarojen lisäys (tai vähennys) ennen valuuttakurssien muutosten vaikutusta</link:label>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2019-03-27/full_ifrs/full_ifrs-cor_2019-03-27.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:label="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="1.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_0" xlink:to="lbl_EffectOfExchangeRateChangesOnCashAndCashEquivalents_0"></link:labelArc>
    <link:label xlink:type="resource" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lbl_EffectOfExchangeRateChangesOnCashAndCashEquivalents_0">Effect of exchange rate changes on cash and cash equivalents</link:label>
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