Skip to content
Vaisala - Man standing at a white table with texture pattern on the wall in black and white.

Vaisala

A global leader in environmental and industrial measurement

Company
Equity Research
Financials
Company publications
Shareholders
Share price
Disclaimer

Overview

Vaisala develops, manufactures, and markets products, projects, and services for weather, environmental and industrial measurements. Vaisala’s strategy relies on R&D and focusing on technology leadership in its selected segments. Vaisala has two segments: Weather & Environment (W&E), and Industrial Measurement (IM). The W&E customers include meteorological institutes, airports, roads and railroad, defense, and energy industry. IM serves industrial customers in life science, power transmission, and targeted industrial applications offering a broad range of measurement instruments to ensure operational quality and productivity. Headquartered in Finland, Vaisala employs over 2,000 professionals worldwide.
Vaisala benefits from its strong R&D based market leadership in both segments, with main profitability drivers being economies of scale and increasing share of IM sales. The healthy business and strong net cash position support ability to pay an increasing dividend. With the current softer market environment for some of the key IM verticals such as health care, the growth is expected to be slower while W&E's strong backlog supports the company.

Financial overview

Equity research

Vaisala - Man standing at a white table with texture pattern on the wall in black and white.
Vaisala logo
Vaisala - CMD notes

In its CMD, Vaisala outlined its strategy and updated long-term financial targets. With slight positive estimate adjustments and higher peer multiples, we increase TP to EUR 49.0 (prev. EUR 47.0), recommendation remains at HOLD.

Company update |
Vaisala - Man standing at a white table with texture pattern on the wall in black and white.
Vaisala logo
Vaisala - Growth ingredients in place for 2025

Vaisala’s Q3 fell short of our estimates for both net sales and profitability. Despite the miss, we see the company’s prospects for 2025E bright with higher project driven backlog for W&E and some early signs of demand pick up in IM. Vaisala will hold its CMD on 11th of November.

Company update |
Vaisala - Man standing at a white table with texture pattern on the wall in black and white.
Vaisala logo
Vaisala - Slower growth than expected

Vaisala’s growth was slower than we expected as net sales grew 5% to EUR 136.6m (Evli est. EUR 142.3m). With the lower-than-expected net sales, profitability was also below our estimates. Orders were strong as expected.

Earnings Flash |
Vaisala - Man standing at a white table with texture pattern on the wall in black and white.
Vaisala logo
Vaisala - Profitable growth ahead

Vaisala reports its Q3/24 results on Thursday 24th of October. We expect continued y/y growth driven by the softer comparison for IM while the solid backlog drives growth for W&E.

Preview |
Vaisala - Man standing at a white table with texture pattern on the wall in black and white.
Vaisala logo
Vaisala - Strong Q2 makes up for the slow start

Vaisala’s Q2 was strong with solid volume growth, favorable sales mix in IM and continued OPEX discipline which led to doubling of the operating result. Our updated estimates for 2024E sit above the middle point of the narrowed guidance.

Company update |
Vaisala - Man standing at a white table with texture pattern on the wall in black and white.
Vaisala logo
Vaisala - Very strong performance

Vaisala delivered very strong figures for Q2/24 as our estimates were topped on both net sales and EBIT. With the strong performance, the lower ranges of the guidance were increased for both net sales and EBIT.

Earnings Flash |
Vaisala - Man standing at a white table with texture pattern on the wall in black and white.
Vaisala logo
Vaisala - Looking to improve despite headwinds

Vaisala reports its Q2/24 results on Thursday 25th of July. We expect net sales growth and margin improvement y/y after a sluggish start to the year.

Preview |
Vaisala - Man standing at a white table with texture pattern on the wall in black and white.
Vaisala logo
Vaisala - Accelerating towards the year-end
Vaisala’s Q1/24 was soft as expected yet delivered slight earnings beat vs. our estimate. We expect an upward earnings trend towards the end of the FY for the company.
Company update |
Vaisala - Man standing at a white table with texture pattern on the wall in black and white.
Vaisala logo
Vaisala - Soft as expected
Vaisala’s Q1 net sales were in line with the previously given preliminary sales figures at EUR 112m, profitability was slightly higher than expected, yet EBIT margin declined to 6.4% (10.1% Q1/23).
Earnings Flash |
Vaisala - Man standing at a white table with texture pattern on the wall in black and white.
Vaisala logo
Vaisala - Some catching up to do
Vaisala published preliminary net sales figures for Q1/24, missing our estimates with roughly 15% y/y sales decline. While one-time events and market conditions create short-term pressure, the long-term case remains attractive. The first quarter results will be published 3rd of May.
Preview |

Annual financials

Quarterly financials

Assets

Equity and liabilities

Cashflow

Environment

Social

Governance

Videos

Annual and sustainability reports

Company news

Vaisala Corporation                Interim Report                October 24, 2024, at 9:00 a.m. (EEST)

Vaisala Corporation Interim Report January–September 2024

Solid third quarter with very strong orders received

This release is a summary of Vaisala’s Interim Report January–September 2024. The complete report is attached to this release as a pdf file. It is also available on the company website at www.vaisala.com/investors.

Third quarter 2024 highlights

  • Orders received EUR 150.8 (119.7) million, increase 26%
  • Order book at the end of the period EUR 220.4 (165.8) million, increase 33%
  • Net sales EUR 136.6 (130.4) million, increase 5%
  • Operating result (EBIT) EUR 24.1 (25.2) million, 17.7 (19.3) % of net sales
  • Earnings per share EUR 0.53 (0.51)
  • Cash flow from operating activities EUR 25.2 (18.5) million

January–September 2024 highlights

  • Orders received EUR 421.2 (381.0) million, increase 11%
  • Net sales EUR 397.1 (393.0) million, increase 1%
  • Operating result (EBIT) EUR 54.9 (50.3) million, 13.8 (12.8) % of net sales
  • Earnings per share EUR 1.17 (0.99)
  • Cash flow from operating activities EUR 50.0 (54.2) million

Business outlook for 2024

Vaisala estimates that its full-year 2024 net sales will be in the range of EUR 540–570 million and its operating result (EBIT) will be in the range of EUR 68–78 million.

Market outlook for 2024

Markets for high-end industrial instruments and life science slowed down significantly during Q2/2023 and remained on a lower level until they started to gradually improve in Q3/2024. Similar development is expected to continue in Q4/2024. Markets for power and energy, and liquid measurements are expected to grow.

Markets for the more mature markets, meteorology, aviation, and roads, are expected to be stable. Market for renewable energy is expected to be stable.

Key figures

MEUR7-9/20247-9/2023Change1-9/20241-9/2023Change1-12/2023
Orders received150.8119.726%421.2381.011%528.1
Order book220.4165.833%220.4165.833%172.5
Net sales136.6130.45%397.1393.01%540.4
Gross profit78.375.64%223.6221.61%301.7
Gross margin, %57.358.0 56.356.4 55.8
Operating expenses54.450.48%169.2171.5-1%235.9
Operating result24.125.2 54.950.3 66.6
Operating result, %17.719.3 13.812.8 12.3
Result before taxes24.524.1 54.347.1 63.1
Result for the period19.218.5 42.336.0 48.9
Earnings per share0.530.514%1.170.9917%1.35
Return on equity, %   20.619.0 18.9
Research and development costs15.113.611%49.349.6-1%67.7
Capital expenditure2.84.1-32%9.710.9-11%13.9
Depreciation, amortization, and impairment5.96.2-5%17.418.2-4%24.3
Cash flow from operating activities25.218.536%50.054.2-8%83.8
Cash and cash equivalents   85.465.830%90.3
Interest-bearing liabilities   46.162.8-27%62.1
Gearing, %   -14.0-1.2 -10.5

President and CEO Kai Öistämö

“Vaisala had a solid third quarter as we continued executing our strategy to grow as a global leader in measurement instruments and intelligence for climate action. One of the highlights was the acquisition of Speedwell Climate to further expand our subscription-based business. We experienced a good order intake despite the soft market environment. Boosted by a large weather radar order to Spain, our order book was all-time high at EUR 220 million. Compared to the previous year, our orders received grew by 26% and net sales by 5%. Our Q3 operating result was strong 17.7% of net sales.

Industrial Measurements business area continued to grow supported by early signs of recovery in the industrial instruments market in North America. The growth of orders received in industrial instruments as well as in power and energy market segment led to a 12% increase in orders received and 6% growth in net sales. The operating result margin returned to a high level of 26.9%.

Following a very strong Q2, Weather and Environment business area’s Q3 performance was solid. The Spanish weather radar order significantly contributed to a 36% growth in orders received. Net sales growth of 4% was driven by large orders received in the past quarter and an 18% growth in subscription sales. The operating result margin was good at 11.1%.

In October, we announced changes in Vaisala’s Leadership Team to continue our strategy execution and growth. Sampsa Lahtinen, EVP Industrial Measurements, will retire after a long and successful career. As of January 2025, Jarkko Sairanen, currently EVP Weather and Environment, will lead the Industrial Measurements business area. The leadership for Vaisala’s Weather and Environment business area will be divided between Anne Jalkala and Samuli Hänninen to drive growth in renewable energy and subscription sales. Anne Jalkala, currently Chief Strategy and Sustainability Officer, was appointed to lead the Weather, Energy and Environment business. Samuli Hänninen joins the leadership team and continues to lead the Xweather business. Our financial reporting structure remains unchanged. I want to give my warmest thanks to Sampsa for his great contribution and wish him, Jarkko, Anne, and Samuli all the best for their future endeavors.

Despite the continuingly uncertain business environment, we continue to estimate that our full-year 2024 net sales will be in the range of EUR 540–570 million and operating result (EBIT) in the range of EUR 68–78 million.”

Audiocast and teleconference
An audiocast and a conference call for analysts, investors and media will be held in English on Thursday, October 24, 2024, starting at 1:00 p.m. (Finnish time).

You can participate in the live audiocast via following link: https://vaisala.videosync.fi/q3-2024

Questions may be presented by participating in the teleconference. You can access the teleconference by registering on the link below. After the registration, you will receive an email with the dial-in numbers and a conference ID. https://palvelu.flik.fi/teleconference/?id=50048553

A recording will be available at vaisala.com/investors later the same day.

Further information
Paula Liimatta
+358 9 8949 2020, ir@vaisala.com
Vaisala Corporation

Distribution
Nasdaq Helsinki
Key media
vaisala.com

Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange. vaisala.com

Attachment


Vaisala Corporation
Stock exchange release
October 24, 2024, at 8:30 a.m. (EEST)

Vaisala’s financial information and Annual General Meeting in 2025

Vaisala Corporation will publish its Financial Statement Release, Half Year Financial Report and two Interim Reports during 2025 as follows:

- February 18, 2025: Financial Statement Release 2024
- April 24, 2025: Interim Report January–March 2025
- July 25, 2025: Half Year Financial Report 2025
- October 23, 2025: Interim Report January–September 2025

The Annual Report 2024 will be published at vaisala.com in the beginning of week 10.

Vaisala Corporation’s Annual General Meeting is scheduled for Tuesday, March 25, 2025. The Board of Directors of the company will convene the meeting.

More information
Paula Liimatta
+358 9 8949 2020, ir@vaisala.com

Distribution
Key media
vaisala.com

​​​​​Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange. vaisala.com


Vaisala
Press release
October 22, 2024

Vaisala seeks to remove greenwashing from carbon capture with a new measurement solution

Carbon capture, utilization and storage, or CCUS, is a field that has sparked a lot of public debate – and investments. Knowing exactly how much and what quality carbon has been captured is essential if CCUS is to become a viable addition to the toolset against climate change. Vaisala’s new MGP241 multigas probe offers always-on data at a third of the cost compared to measurement solutions most used in CCUS processes today.

Vaisala, a global leader in measurement technology, has today launched a new measurement product, MGP241, that measures CO₂ and humidity and is specifically designed to bring transparency to CCUS projects. Both governments and private companies need CCUS to reduce and offset carbon emissions if they are to meet their reported decarbonization targets. However, with current technology still not ready for widespread use, constant, and accurate measurement of captured carbon is vital to ensure its continued development.

“No one knows yet if CCUS will indeed grow to be a significant solution in our fight against climate change. The technology is still in its early stages. What we can solve now is how to make measuring these projects as transparent and efficient as possible to leave no room for guesswork or sugarcoating the results – our numbers don’t lie,” says Julia Salovaara, Strategy and Business Development Manager at Vaisala.

Critical industries depend on CCUS

CCUS has already seen some major investments. According to BloombergNEF, a record $6.4 billion was invested into CCUS technology in 2022, more than doubling from the year before and with the U.S. leading the way with 45% of the total investments. Yet, many projects are behind schedule or not producing their promised results.

The success of CCUS technology is especially critical for hard-to-abate industries like materials manufacturing, energy production, and the chemical industry. With high emissions and few other significant solutions beyond improving their energy efficiency, these industries experience increased pressures from regulators and the public to decarbonize their operations.

One especially crucial industry is the cement industry that alone emits 7% of global CO₂. Additionally, the global demand for cement is expected to increase 12–23% by 2050. One of the early success stories, Carbonaide, helps the cement industry utilize captured carbon dioxide in concrete manufacturing.

Through the carbonization process, Carbonaide’s technology reduces the amount of cement needed in concrete production. While the reduction of cement needed is remarkable, 20–100%, the process also creates a permanent storage for the carbon captured from an emission source.

Carbonaide partnered with Vaisala from the start to make sure they know exactly what is happening in each step of the process and, eventually, how much carbon is stored.

“Globally, Carbonaide's technology has the potential to store 500 megatons of CO₂ annually by 2050 in precast concrete products – roughly the same annual emissions of France and the UK combined. The investment case we offer our customers is entirely based on accurate measurements and transparency. With Vaisala, we can trust that the numbers we share with our partners are correct,” says Jonne Hirvonen, Chief Operating Officer at Carbonaide.

Transparent measuring at a significantly lower cost

MPG241 measures carbon dioxide and humidity in point source and direct air carbon capture processes, and in different carbon utilization and storage projects.

Unlike traditional gas analyzers, Vaisala’s MGP241 requires no expensive calibration gases, needs dramatically less maintenance, and promises a 10+ year lifespan in heavy-duty use. The compact size and in-situ design of the instrument has allowed for competitive pricing – around a third of the price of most common solutions in the market.

“Our new probe measures directly in the gas flow and shows test results in real time. This level of transparency and proof is essential for process optimization, building trust with stakeholders, and demonstrating genuine commitment to sustainability,” concludes Salovaara.

The MGP241 will be available for purchase starting today. For more information, please visit: vaisala.com/mgp241

###

More information for the media

Media kit with photos

Katri Koponen, Communications Manager, Vaisala
Tel. +358 50 586 0262
katri.koponen@vaisala.com  

About Vaisala

Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.

www.vaisala.com  

Attachments


Vaisala Corporation
Press release
October 8, 2024, at 10:00 a.m. (EEST)

Vaisala's Interim Report January–September 2024 to be published on October 24, 2024

Vaisala Corporation will publish its Interim Report January–September 2024 on Thursday, October 24, 2024, at about 9:00 a.m. (Finnish time). The report will be available at vaisala.com/investors. The President and CEO's presentation will be published by 1:00 p.m. on the same day at vaisala.com/investors.

Audiocast and teleconference
An audiocast and a conference call for analysts, investors and media will be held in English on the same day starting at 1:00 p.m. (Finnish time).

You can participate in the live audiocast via following link: https://vaisala.videosync.fi/q3-2024

Questions may be presented by participating in the teleconference. You can access the teleconference by registering on the link below. After the registration, you will receive an email with the dial-in numbers and a conference ID. https://palvelu.flik.fi/teleconference/?id=50048553

A recording will be available at Vaisala.com/investors later the same day.

More information
Paula Liimatta
+358 9 8949 2020, ir@vaisala.com

Distribution
Key media
vaisala.com

​​​​​Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange. vaisala.com


Vaisala Corporation
Inside information
October 7, 2024, at 8:30 a.m. (EEST)

Inside information: Changes in the Vaisala Leadership Team

Vaisala announces changes in its leadership team to continue its strategy execution and growth as a global leader in measurement instruments and intelligence for climate action. The changes are valid as of January 2025.

Jarkko Sairanen, currently EVP Weather and Environment, has been appointed to lead the Industrial Measurements business area. After over a decade of successfully leading and significantly expanding the Industrial Measurements business, Sampsa Lahtinen, EVP Industrial Measurements, has decided to retire after this year.

The business leadership for Vaisala’s Weather and Environment business area will be divided between Anne Jalkala and Samuli Hänninen. Anne Jalkala, currently Chief Strategy and Sustainability Officer, has been appointed to lead the Weather, Energy and Environment business, which is the global leader in meteorology, aviation and roads winter maintenance and driving growth in renewable energy. To drive the strategic priority of building recurring revenue in data, Samuli Hänninen joins the Vaisala Leadership Team and continues to lead the Xweather business.

Vaisala’s financial reporting structure remains unchanged and is based on its two reporting segments Industrial Measurements and Weather and Environment. The Weather and Environment segment consists of the Weather, Energy and Environment business and the Xweather business.

Kai Öistämö, Vaisala’s President and CEO, comments on the changes:

"Sampsa Lahtinen has been instrumental in growing our Industrial Measurements business, which has more than tripled in size under his leadership. I want to give my warmest thanks to Sampsa for this great contribution and wish him all the best for the next chapters in life. Moreover, I am excited to see Jarkko Sairanen and Anne Jalkala take on their new roles, and welcome Samuli Hänninen to the Leadership Team. I look forward to continuing the growth of Vaisala together with the team and all our employees.”

As of January 2025, the Vaisala Leadership Team consists of:

  • Kai Öistämö, President and CEO
  • Girish Agarwal, Chief Digital and Information Officer
  • Samuli Hänninen, EVP, Xweather
  • Anne Jalkala, EVP, Weather, Energy and Environment
  • Timo Leskinen, EVP, HR
  • Heli Lindfors, Chief Financial Officer
  • Vesa Pylvänäinen, EVP, Operations
  • Jarkko Sairanen, EVP, Industrial Measurements
  • Katriina Vainio, EVP, Group General Counsel

More information

For media:
Nina Eklund, Vice President, Communications and Brand
+358 40 6691 999
comms@vaisala.com

For investors:
Paula Liimatta, Head of Investor Relations
+358 9 8949 2020
ir@vaisala.com

Distribution

Nasdaq Helsinki
Key media
vaisala.com

Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange. vaisala.com


Vaisala
Press release
September 11, 2024

Vaisala acquires Speedwell Climate to help organizations mitigate weather-related financial risks

Vaisala expands its subscription-based business by acquiring Speedwell Climate Ltd, a leader in climate and environmental risk transfer. The acquisition enables Vaisala to enter the insurance segment with tools for organizations to protect themselves from financial losses caused by weather-related uncertainties.

Speedwell Climate provides data and software to structure, price, and settle index-based climate risk transfer contracts. The company serves various industries, such as insurance, investment funds, and renewable energy, with leading customers like the CME Group.  

Through climate risk transfer contracts, organizations can move their weather-related risks to a parametric insurance provider. This way, they can receive compensation in case of certain environmental or weather-related triggers, such as storms, floods or heatwaves. Climate risk transfer is also vital for the energy transition as it protects renewable energy projects from financial risks due to the variable nature of wind and solar.

The acquisition strengthens Vaisala's position as a global leader in measurement instruments and intelligence for climate action. It aligns with the company's strategy to build recurring revenue in data, creating opportunities to broaden offerings and scale growth within existing and new customer segments. 

"The combined skills and dataset of Speedwell Climate and Vaisala Xweather bring new opportunities to help customers mitigate and adapt to climate change. With weather becoming increasingly unpredictable, organizations need new tools to manage their risk position. We are very excited to welcome the skilled Speedwell Climate people to our team – together, we can turn weather anxiety into weather confidence,” says Samuli Hänninen, Head of Vaisala Xweather.  

Founded in 1999, Speedwell Climate is headquartered in Harpenden, United Kingdom, with a subsidiary in the United States. The company has been growing profitably, reaching net sales of close to GBP 4 million in 2023. Following the acquisition, 24 professionals will transfer to Vaisala.

The acquisition of Speedwell Climate Ltd and its group companies is subject to regulatory approval and is expected to be closed in Q4 2024. 

More information:

Media enquiries and interview requests:
Nina Eklund, Vice President, Communications and Brand
+358 40 6691 999
comms@vaisala.com

Investor enquiries:
Paula Liimatta, Head of Investor Relations
+358 9 8949 2020
ir@vaisala.com

About Vaisala

Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.
www.vaisala.com 


Vaisala Corporation
Stock exchange release
September 9, 2024, at 10:00 a.m. (EEST)

Vaisala Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (September 5, 2024)
Vaisala Corporation has on September 6, 2024, received a notification pursuant to Chapter 9, Section 10 of the Finnish Securities Markets Act from the Finnish Academy of Science and Letters.

According to the notification of the Finnish Academy of Science and Letters:

 % of shares and voting rights
(total of 7.A)
% of shares and voting rights through financial instruments
(total of 7.B)
Total of both in % (7.A + 7.B)Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached4.97% of shares
1.71% of votes
-4.97% of shares
1.71% of votes
36,436,728 shares
105,628,572 votes
Position of previous notification (if applicable)5.05% of shares
1.74% of votes
 5.05% of shares
1.74% of votes
 


A: Shares and voting rights
Class/type of
shares
ISIN code (if possible)
Number of shares and voting rights% of shares and voting rights
Direct
(SMA 9:5)
Indirect
(SMA 9:6 and 9:7)
Direct
(SMA 9:5)
Indirect
(SMA 9:6 and 9:7)
FI00099006821,811,303 shares
1,811,303 votes
-4.97% of shares
1.71% of votes
Click here to enter text.
SUBTOTAL A1,811,303 shares
1,811,303 votes
 4.97% of shares
1.71% of votes
 

Vaisala Corporation’s share capital is divided into series K and series A shares. The total number of shares is 36,436,728 shares, of which 3,641,676 are series K shares and 32,795,052 series A shares. Series A shares are listed on the Nasdaq Helsinki Ltd. The series K shares and series A shares are differentiated by the fact that each series K share entitles its owner to 20 votes at a General Meeting of Shareholders while each series A share entitles its owner to 1 vote. The series A shares represented 90.01% of the total number of shares and 31.05% of the total votes. The series K shares represented 9.99% of the total number of shares and 68.95% of the total votes. The total amount of votes attached to all shares is 105,628,572. The total number of series A treasury shares is 152,149.
  
More information
Paula Liimatta
+358 9 8949 2020, ir@vaisala.com

Distribution
Nasdaq Helsinki
Key media
vaisala.com

Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange. vaisala.com


Vaisala Corporation
Press release
September 2, 2024, at 1:00 p.m. (EEST)

Invitation to Vaisala’s Capital Markets Day 2024

Vaisala invites institutional investors and analysts to its Capital Markets Day on Monday, November 11, 2024, from 2:00 p.m. to 5.00 p.m. The event will take place at Studio Eliel in Sanomatalo, located at Töölönlahdenkatu 2, Helsinki. The event will also be broadcasted live.

At the event, Vaisala's executive management will present the company’s strategy, long-term financial targets, and other topical issues. The event will be held in English. Recordings and materials of all presentations will be available on Vaisala’s website after the event.

Participants can ask questions after each presentation and at the end of the event. We welcome questions both on location as well as through the live broadcast (in writing).

Those interested can also join a visit to Vaisala’s factory and the R&D center in Vantaa on the following day, Tuesday November 11, 2024, from 9:00 a.m. to 11:00 a.m. (address: Vanha Nurmijärventie 21, Vantaa).

To register for the event, please fill out the registration form by October 25, 2024. A detailed schedule will be sent to the registrants one week before the event. For more information about the event, please visit vaisala.com/investors.

Registration form

Welcome!

More information
Paula Liimatta
+358 9 8949 2020, ir@vaisala.com

Distribution
Nasdaq Helsinki
Key media
vaisala.com

Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange. vaisala.com


Vaisala
Press release
August 28, 2024

Vaisala to modernize 14 airports in Indonesia

Vaisala has been selected to provide a EUR 25 million project strengthening airport safety and weather resiliency in Indonesia. As an archipelagic country comprising of more than 17,000 islands, air travel is crucial for the mobility of both people and goods. Indonesia recorded more than 52 million domestic and seven million international passengers in 2022*.

Vaisala, a global leader in measurement technology, has today signed a contract with the Indonesian Agency for Meteorology, Climatology and Geophysics (BMKG), for airport weather systems and equipment to modernize 14 Indonesian airports. The contract’s value is approximately EUR 25 million, making it the largest ever aviation weather project for Vaisala. The order will be booked to Vaisala’s orders received once the financing agreement has been confirmed.

“Flight safety should not be a privilege. No matter where you live, you should be able to trust that your air travel is protected by modern automatic weather observation systems. This is especially true in Indonesia where the tropical climate brings in thunderstorms and other weather events that can severely affect the safety of the passengers and ground personnel alike,” says Jarkko Sairanen, Executive Vice President, Weather and Environment, Vaisala.

According to information by the U.S. International Trade Administration, Indonesia is the second-fastest growing aviation market in the world after China based on its aircraft purchases and trade value. Investing on airport infrastructure is necessary to cater for the rapid development of the aviation industry in Indonesia.

“After years of cooperation, this new contract with BMKG is a significant step for Vaisala’s growth in Indonesia. The order includes modern aviation weather technology, including our AviMet Automated Weather Observing System (AWOS) to eight airports, and a wind shear alert system, combining our X-band weather radars and wind lidars, to four airports. The project also includes the Finnish Meteorological Institute’s SILAM model that can be used for estimating movements of ash clouds from volcanic eruptions. As Indonesia is located on the Pacific Ring of Fire with estimated 80 active volcanos, this will be a significant addition to the safety of Indonesian aviation,” Sairanen concludes.

The project will be funded through the Finnish Public Sector Investment Facility (PIF), an instrument governed by Finnish Ministry for Foreign Affairs and applicable for projects that comply with the United Nations’ Sustainable Development Goals in developing countries. The project is estimated to run for three years and start in 2025 once the PIF loan agreement is completed and the Finnish Ministry of Foreign affairs has made the final approval for the funding.

* Records by the Indonesian Bureau of Statistics (BPS)

###

More information for the media

Katri Koponen, Communications Manager, Vaisala
Tel. +358 50 586 0262
katri.koponen@vaisala.com  

About Vaisala

Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.

www.vaisala.com  

Attachments


Vaisala Corporation
Managers’ Transactions
August 23, 2024, at 10:15 a.m. (EEST)

Vaisala Corporation: Managers’ Transactions – Jalkala, Anne

____________________________________________

Person subject to the notification requirement
Name: Jalkala, Anne
Position: Other senior manager
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873

Notification type: INITIAL NOTIFICATION
Reference number: 743700RNDD7KU11HW873_20240822085850_55
____________________________________________

Transaction date: 2024-08-21
Venue not applicable
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details
(1): Volume: 500 Unit price: 0.00 EUR

Aggregated transactions
(1): Volume: 500 Volume weighted average price: 0.00 EUR


More information
Paula Liimatta
+358 9 8949 2020, ir@vaisala.com

Distribution
Nasdaq Helsinki
Key media
vaisala.com

Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange. vaisala.com


Vaisala Corporation
Stock exchange release
August 21, 2024, at 4:15 p.m. (EEST)

Vaisala Corporation’s conveyance of treasury shares in accordance with share-based incentive plan

A total of 500 of Vaisala Corporation's treasury shares have been conveyed without consideration to a person participating in the Restricted Share Unit Plan 2022–2026 under the terms and conditions of the plan. The directed share issue was based on an authorization given by the Annual General Meeting held on March 26, 2024.

Following this directed share issue, the number of series A treasury shares is 152,149.

Additional information
Paula Liimatta
+358 9 8949 2020, ir@vaisala.com

Distribution
Nasdaq Helsinki
Key media
vaisala.com

Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange. vaisala.com


Vaisala Corporation        Half Year Financial Report                July 25, 2024, at 9:00 a.m. (EEST)

Vaisala Corporation Half Year Financial Report January–June 2024

Strong growth in Q2 orders received and net sales, operating result doubled

This release is a summary of Vaisala’s Half Year Financial Report January–June 2024. The complete report is attached to this release as a pdf file. It is also available on the company website at www.vaisala.com/investors.

Second quarter 2024 highlights

  • Orders received EUR 147.2 (129.3) million, increase 14%
  • Order book at the end of the period EUR 196.9 (167.4) million, increase 18%
  • Net sales EUR 148.4 (130.8) million, increase 13%
  • Operating result (EBIT) EUR 23.7 (11.9) million, 15.9 (9.1) % of net sales
  • Earnings per share EUR 0.49 (0.22)
  • Cash flow from operating activities EUR 7.7 (8.8) million

January–June 2024 highlights

  • Orders received EUR 270.5 (261.3) million, increase 4%
  • Net sales EUR 260.5 (262.6) million, decrease 1%
  • Operating result (EBIT) EUR 30.8 (25.2) million, 11.8 (9.6) % of net sales
  • Earnings per share EUR 0.64 (0.49)
  • Cash flow from operating activities EUR 24.8 (35.7) million

Business outlook for 2024 – estimate ranges specified

Vaisala estimates that its full-year 2024 net sales will be in the range of EUR 540–570 million and its operating result (EBIT) will be in the range of EUR 68–78 million.

Earlier Vaisala estimated that its full-year 2024 net sales would be in the range of EUR 530–570 million and its operating result (EBIT) would be in the range of EUR 63–78 million.

Market outlook for 2024

Markets for high-end industrial instruments and life science slowed down significantly during Q2/2023 and remained on a lower level for the rest of the year. Markets remained flat in H1/2024 and are expected to start improving during H2/2024. Markets for power and energy, and liquid measurements markets are expected to grow.

Markets for the more mature markets, meteorology, aviation, and roads, are expected to be stable. Market for renewable energy is expected to grow.

Key figures

MEUR4-6/20244-6/2023Change1-6/20241-6/2023Change1-12/2023
Orders received147.2129.314%270.5261.34%528.1
Order book196.9167.418%196.9167.418%172.5
Net sales148.4130.813%260.5262.6-1%540.4
Gross profit84.672.117%145.3146.00%301.7
Gross margin, %57.055.1 55.855.6 55.8
Operating expenses61.260.41%114.8121.1-5%235.9
Operating result23.711.9 30.825.2 66.6
Operating result, %15.99.1 11.89.6 12.3
Result before taxes23.210.5 29.822.9 63.1
Result for the period17.98.0 23.117.6 48.9
Earnings per share0.490.22124%0.640.4931%1.35
Return on equity, %   17.414.5 18.9
Research and development costs17.918.1-1%34.336.0-5%67.7
Capital expenditure4.93.634%6.96.72%13.9
Depreciation, amortization, and impairment5.86.1-4%11.512.0-4%24.3
Cash flow from operating activities7.78.8-13%24.835.7-31%83.8
Cash and cash equivalents   65.251.227%90.3
Interest-bearing liabilities   45.962.9-27%62.1
Gearing, %   -7.34.9 -10.5

President and CEO Kai Öistämö

“Vaisala had a strong second quarter and both our business areas performed well after the slow start of the year. We continued executing our strategy with sustained profitability improvement in the established weather business and continued growth in subscription sales as well as in services sales. Compared to the previous year, our Q2 orders received grew by 14% and net sales by 13%. The quarter ended with a new record-high order book of EUR 197 million. Moreover, our Q2 operating result more than doubled compared to the previous year, reflecting the strong growth in net sales, improved gross margin, and successful cost consciousness.

After challenging 12 months, Industrial Measurements business area was back on growth. Q2 orders received grew by 8% and net sales by 7%. In the life science market segment, orders received were at previous year’s level, while orders in all other market segments grew. Net sales continued to grow very strongly in the power and energy market segment. We saw very strong growth also in the business area’s service sales, resulting from systematic sales efforts and growing the installed base of our equipment. The gross margin and operating result margin returned to a good level, operating result margin again exceeding 20%.

For Weather and Environment business area, Q2 was very strong in all aspects. Both orders received and net sales grew by 18%. Orders received grew especially in the aviation and meteorology market segments, and net sales grew in all market segments. Net sales growth was mainly driven by large orders received during the past quarters and high project sales during the quarter. The subscription sales business continued to grow at a very strong growth rate of 16%. The operating result more than doubled compared to previous year and was 12.2% of net sales.

In June, our new Chief Digital and Information Officer Girish Agarwal joined the company. Girish brings strong expertise in advanced AI, IT, and digitalization, which are key areas for our future success. He succeeds Olli Nastamo, who retires after a long and successful career. I want to thank Olli for his contributions and warmly welcome Girish to our team.

Looking forward, our view on the full year 2024 remains unchanged, but after H1 solid performance, we have narrowed our estimate ranges for the full-year net sales and operating result. We anticipate that the business environment remains uncertain, and we need to continue to pace our investments accordingly. However, we continue to anticipate that our performance in the second half of the year will be stronger than in the first half. We now estimate that our full-year 2024 net sales will be in the range of EUR 540–570 million and operating result (EBIT) in the range of EUR 68–78 million.”

Audiocast and teleconference
An audiocast and a conference call for analysts, investors and media will be held in English on Thursday 25, 2024, starting at 1:30 p.m. (Finnish time).

You can participate in the live audiocast via following link: https://vaisala.videosync.fi/q2-2024/register

Questions may be presented by participating in the teleconference. You can access the teleconference by registering on the link below. After the registration, you will receive an email with the dial-in numbers and a conference ID.
https://palvelu.flik.fi/teleconference/?id=50048552

A recording will be available at Vaisala.com/investors later the same day.

Further information
Paula Liimatta
+358 9 8949 2020, ir@vaisala.com
Vaisala Corporation

Distribution
Nasdaq Helsinki
Key media
vaisala.com

Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange. vaisala.com

Attachment


VAISALA CORPORATIONSTOCK EXCHANGE RELEASE 24.7.2024
   
   
Vaisala Corporation: Share Repurchase 24.7.2024 
   
In the Helsinki Stock Exchange  
   
Trade date          24.7.2024 
Bourse trade        Buy 
Share                 VAIAS 
Amount            1 300Shares
Average price/ share   39,8615EUR
Total cost           51 819,95EUR
   
   
Vaisala Corporation now holds a total of 152 649 shares
including the shares repurchased on 24.7.2024 
   
   
On behalf of Vaisala Corporation  
   
Nordea Bank Oyj  
   
Janne Sarvikivi          Sami Huttunen 
   
   
   
Additional information   
Paula Liimatta  
tel +358 9 8949 2020,   
ir@vaisala.com  
   
   
www.vaisala.com  

Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.vaisala.com

Attachment


VAISALA CORPORATIONSTOCK EXCHANGE RELEASE 23.7.2024
   
   
Vaisala Corporation: Share Repurchase 23.7.2024 
   
In the Helsinki Stock Exchange  
   
Trade date          23.7.2024 
Bourse trade        Buy 
Share                 VAIAS 
Amount            1 350Shares
Average price/ share   39,5740EUR
Total cost           53 424,90EUR
   
   
Vaisala Corporation now holds a total of 151 349 shares
including the shares repurchased on 23.7.2024 
   
   
On behalf of Vaisala Corporation  
   
Nordea Bank Oyj  
   
Janne Sarvikivi          Sami Huttunen 
   
   
   
Additional information   
Paula Liimatta  
tel +358 9 8949 2020,   
ir@vaisala.com  
   
   
www.vaisala.com  

Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.vaisala.com

Attachment




VAISALA CORPORATIONSTOCK EXCHANGE RELEASE 16.7.2024
   
   
Vaisala Corporation: Share Repurchase 16.7.2024
   
In the Helsinki Stock Exchange  
   
Trade date16.7.2024 
Bourse tradeBuy 
ShareVAIAS 
Amount1,400Shares
Average price/ share39.9922EUR
Total cost55,989.08EUR
   
   
Vaisala Corporation now holds a total of 149 999 shares
including the shares repurchased on 16.7.2024 
   
   
On behalf of Vaisala Corporation  
   
Nordea Bank Oyj  
   
Janne SarvikiviSami Huttunen 
   
   
   
Additional information   
Paula Liimatta  
tel +358 9 8949 2020,  
ir@vaisala.com  
   
   
www.vaisala.com  







Attachment


Shareholders Date % of Shares % of Votes
Investor 31.12.2023 8% 23.8%
Fidelity International 31.12.2023 6.1% 3.6%
Cevian Capital 31.12.2023 4.6% 2.7%
BlackRock Institutional Trust Company 31.12.2023 4.1% 2.4%
Swedbank Robur Fonder AB 31.12.2023 3.2% 1.9%
Vanguard Group 31.12.2023 2.9% 1.9%
AB Industrivärden 31.12.2023 2.6% 15.1%
AMF Pensionsförsäkring AB 31.12.2023 2.1% 4.5%
PRIMECAP Management Company 31.12.2023 1.6% 1%
AFA Försäkring AB 31.12.2023 0.5% 2.1%

Equity Research Disclaimer

These research reports have been prepared by Evli Research Partners Plc (“ERP” or “Evli Research”). ERP is a subsidiary of Evli Plc.

None of the analysts contributing to this report, persons under their guardianship or corporations under their control have a position in the shares of the company or related securities. The date and time for any price of financial instruments mentioned in the recommendation refer to the previous trading day’s closing price(s) unless otherwise stated in the report. Each analyst responsible for the content of this report assures that the expressed views accurately reflect the personal views of each analyst on the covered companies and securities. Each analyst assures that (s)he has not been, nor are or will be, receiving direct or indirect compensation related to the specific recommendations or views contained in this report.

Companies in the Evli Group, affiliates or staff of companies in the Evli Group, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives) of any company mentioned in the publication or report. Neither ERP nor any company within the Evli Group have managed or co-managed a public offering of the company’s securities during the last 12 months prior to, received compensation for investment banking services from the company during the last 12 months prior to the publication of the research report.

ERP has signed an agreement with the issuer of the financial instruments mentioned in the recommendation, which includes production of research reports. This assignment has a limited economic and financial impact on ERP and/or Evli. Under the assignment ERP performs services including, but not limited to, arranging investor meetings or –events, investor relations communication advisory and production of research material. ERP or another company within the Evli Group does not have an agreement with the company to perform market making or liquidity providing services. For the prevention and avoidance of conflicts of interests with respect to this report, there is an information barrier (Chinese wall) between Investment Research and Corporate Finance units concerning unpublished investment banking services to the company. The remuneration of the analyst(s) is not tied directly or indirectly to investment banking transactions or other services performed by Evli Plc or any company within Evli Group.

This report is provided and intended for informational purposes only and may not be used or considered under any circumstances as an offer to sell or buy any securities or as advice to trade any securities.

This report is based on sources ERP considers to be correct and reliable. The sources include information providers Reuters and Bloomberg, stock-exchange releases from the companies and other company news, Statistics Finland and articles in newspapers and magazines. However, ERP does not guarantee the materialization, correctness, accuracy or completeness of the information, opinions, estimates or forecasts expressed or implied in the report. In addition, circumstantial changes may have an influence on opinions and estimates presented in this report. The opinions and estimates presented are valid at the moment of their publication and they can be changed without a separate announcement. Neither ERP nor any company within the Evli Group are responsible for amending, correcting or updating any information, opinions or estimates contained in this report. Neither ERP nor any company within the Evli Group will compensate any direct or consequential loss caused by or derived from the use of the information represented in this publication.

All information published in this report is for the original recipient’s private and internal use only. ERP reserves all rights to the report. No part of this publication may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in any retrieval system of any nature, without the written permission of ERP.

This report or its copy may not be published or distributed in Australia, Canada, Hong Kong, Japan, New Zealand, Singapore or South Africa. The publication or distribution of this report in certain other jurisdictions may also be restricted by law. Persons into whose possession this report comes are required to inform themselves about and to observe any such restrictions.

Evli Plc is not registered as a broker-dealer with the U. S. Securities and Exchange Commission (“SEC”), and it and its analysts are not subject to SEC rules on securities analysts’ certification as to the currency of their views reflected in the research report. Evli is not a member of the Financial Industry Regulatory Authority (“FINRA”). It and its securities analysts are not subject to FINRA’s rules on Communications with the Public and Research Analysts and Research Reports and the attendant requirements for fairness, balance and disclosure of potential conflicts of interest. This research report is only being offered in U.S. by Auerbach Grayson & Company, LLC (Auerbach Grayson) to Major U.S. Institutional Investors and is not available to, and should not be used by, any U.S. person or entity that is not a Major U.S. Institutional Investor. Auerbach Grayson is a broker-dealer registered with the U.S. Securities and Exchange Commission and is a member of the FINRA. U.S. entities seeking more information about any of the issuers or securities discussed in this report should contact Auerbach Grayson. The securities of non-U.S. issuers may not be registered with or subject to SEC reporting and other requirements.

ERP is not a supervised entity but its parent company Evli Plc is supervised by the Finnish Financial Supervision Authority.

Company Facts

CEO Kai Öistämö
CFO Heli Lindfors
IR Paula Liimatta
Market cap (EURm) 1759
Industry Electronic Equipment & Instruments
Ticker VAIAS

Guidance

Vaisala estimates that its full-year 2024 net sales will be in the range of EUR 540–570 million and its operating result (EBIT) will be in the range of EUR 68–78 million.

Financial targets

Average sales growth 7%

Systematically improving EBITA %

Maintain strong cash conversion over time

Schedule analyst call

For professional investors wishing to discuss the case, please book a complimentary analyst call

Book a call