Overview
Financial overview
Equity research
Strong performance in the first quarter gave Vaisala a solid start to the FY but the ongoing trade uncertainties will likely challenge it during the rest of the year.
Vaisala’s Q1 net sales were approximately in line with our estimates at EUR 135.6m (Evli est. EUR 133.5m), while the company’s profitability beat our estimates by a wide margin as EBITA climbed to EUR 20.5m (Evli est. EUR 14.2m).
Vaisala reports its Q1 figures on 24th of April. The escalating trade war increases uncertainty in the short-term. While direct impacts seem relatively limited, indirect effects are likely to hit, with the scale still unclear. The Q1 should remain unaffected while we focus on the comments regarding the outlook.
Vaisala’s 2024 ended on a strong note as was expected after January’s positive profit warning. We continue to see many tailwinds for the company in 2025E, yet uncertainties remain.
Vaisala's Q4 results aligned with the preliminary figures the company disclosed in January. The outlook for 2025E is slightly weaker than our estimates especially in terms of net sales.
We anticipate Vaisala’s profitable growth journey to take a leap in 2025 aided by acquisitions. Going forward, we see that the company has multiple drivers helping it to continue the strategy execution well in line with the updated financial targets. We retain our TP at EUR 56 and revise our recommendation to ACCUMULATE (prev. BUY) to match the updated recommendation methodology (see page 45).
Vaisala’s Q4 turned out to be very strong as the operating result was higher than the company previously estimated for both W&E and IM due to higher than estimated sales in both and successful group-wide cost control. We see multiple positive drivers for the company also going forward and expect a leap in the profitable growth journey in 2025.
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.
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.
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.
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Vaisala Corporation
Stock exchange release
May 12, 2025, at 4:00 p.m. (EEST)
Vaisala Corporation’s conveyance of treasury shares in accordance with share-based incentive plans and correction of the number of treasury shares held by the company
A total of 8,942 of Vaisala Corporation's treasury shares have been conveyed on April 30, 2025, without consideration to the six key employees participating in the Matching Share Plan 2022–2026 and Restricted Share Unit Plan 2022–2026 under the terms and conditions of the plans. The directed share issue was based on an authorization given by the Annual General Meeting held on March 25, 2025.
Following this directed share issue, the number of series A treasury shares was 117,040.
Additionally, the company corrects the information regarding the number of treasury shares held by the company mentioned in the release about the share repurchase, published on May 6, 2025. The correct number of series A treasury shares held by the company after the repurchase made on May 6, 2025, is 118,768.
Additional information
Niina Ala-Luopa
+358 400 728 957, 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 close to 2,500 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 6.5.2025 | ||
| Vaisala Corporation: Share Repurchase 6.5.2025 | |||
| In the Helsinki Stock Exchange | |||
| Trade date | 6.5.2025 | ||
| Bourse trade | Buy | ||
| Share | VAIAS | ||
| Amount | 1 728 | Shares | |
| Average price/ share | 46,4962 | EUR | |
| Total cost | 80 345,43 | EUR | |
| Vaisala Corporation now holds a total of 127 710 shares | |||
| including the shares repurchased on 6.5.2025 | |||
| On behalf of Vaisala Corporation | |||
| Nordea Bank Oyj | |||
| Janne Sarvikivi | Sami Huttunen | ||
More information:
Niina Ala-Luopa
+358 400 728 957, 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 close to 2,500 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange. www.vaisala.com
Attachment
Vaisala Corporation
Managers’ Transactions
May 2, 2025, at 2:15 p.m. (EEST)
Vaisala Corporation: Managers’ Transactions – Hänninen, Samuli
____________________________________________
Person subject to the notification requirement
Name: Hänninen, Samuli
Position: Other senior manager
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873
Notification type: INITIAL NOTIFICATION
Reference number: 743700RNDD7KU11HW873_20250502101316_74
____________________________________________
Transaction date: 2025-04-30
Venue not applicable
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 2560 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 2560 Volume weighted average price: 0.00 EUR
More information:
Niina Ala-Luopa
+358 400 728 957, 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 close to 2,500 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.
Vaisala Corporation
Managers’ Transactions
May 2, 2025, at 2:00 p.m. (EEST)
Vaisala Corporation: Managers’ Transactions – Bresky, Annica
____________________________________________
Person subject to the notification requirement
Name: Bresky, Annica
Position: Member of the Board/Deputy member
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873
Notification type: INITIAL NOTIFICATION
Reference number: 743700RNDD7KU11HW873_20250429172840_67
____________________________________________
Transaction date: 2025-04-29
Venue: XHEL
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 426 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 426 Volume weighted average price: 0.00 EUR
More information:
Niina Ala-Luopa
+358 400 728 957, 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 close to 2,500 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.
Vaisala Corporation
Managers’ Transactions
May 2, 2025, at 2:00 p.m. (EEST)
Vaisala Corporation: Managers’ Transactions – Rosenberg, Lotte
____________________________________________
Person subject to the notification requirement
Name: Rosenberg, Lotte
Position: Member of the Board/Deputy member
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873
Notification type: INITIAL NOTIFICATION
Reference number: 743700RNDD7KU11HW873_20250429172841_69
____________________________________________
Transaction date: 2025-04-29
Venue: XHEL
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 426 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 426 Volume weighted average price: 0.00 EUR
More information:
Niina Ala-Luopa
+358 400 728 957, 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 close to 2,500 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.
Vaisala Corporation
Managers’ Transactions
May 2, 2025, at 2:00 p.m. (EEST)
Vaisala Corporation: Managers’ Transactions – Ståhlberg, Kaarina
____________________________________________
Person subject to the notification requirement
Name: Ståhlberg, Kaarina
Position: Member of the Board/Deputy member
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873
Notification type: INITIAL NOTIFICATION
Reference number: 743700RNDD7KU11HW873_20250429172841_70
____________________________________________
Transaction date: 2025-04-29
Venue: XHEL
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 426 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 426 Volume weighted average price: 0.00 EUR
More information:
Niina Ala-Luopa
+358 400 728 957, 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 close to 2,500 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.
Vaisala Corporation
Managers’ Transactions
May 2, 2025, at 2:00 p.m. (EEST)
Vaisala Corporation: Managers’ Transactions – Voipio, Ville
____________________________________________
Person subject to the notification requirement
Name: Voipio, Ville
Position: Member of the Board/Deputy member
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873
Notification type: INITIAL NOTIFICATION
Reference number: 743700RNDD7KU11HW873_20250429172841_73
____________________________________________
Transaction date: 2025-04-29
Venue: XHEL
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 640 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 640 Volume weighted average price: 0.00 EUR
More information:
Niina Ala-Luopa
+358 400 728 957, 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 close to 2,500 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.
Vaisala Corporation
Managers’ Transactions
May 2, 2025, at 2:00 p.m. (EEST)
Vaisala Corporation: Managers’ Transactions – Syrjänen, Tuomas
____________________________________________
Person subject to the notification requirement
Name: Syrjänen, Tuomas
Position: Member of the Board/Deputy member
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873
Notification type: INITIAL NOTIFICATION
Reference number: 743700RNDD7KU11HW873_20250429172841_71
____________________________________________
Transaction date: 2025-04-29
Venue: XHEL
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 426 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 426 Volume weighted average price: 0.00 EUR
More information:
Niina Ala-Luopa
+358 400 728 957, 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 close to 2,500 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.
Vaisala Corporation
Managers’ Transactions
May 2, 2025, at 2:00 p.m. (EEST)
Vaisala Corporation: Managers’ Transactions – Jääskeläinen, Antti
____________________________________________
Person subject to the notification requirement
Name: Jääskeläinen, Antti
Position: Member of the Board/Deputy member
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873
Notification type: INITIAL NOTIFICATION
Reference number: 743700RNDD7KU11HW873_20250429172841_68
____________________________________________
Transaction date: 2025-04-29
Venue: XHEL
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 426 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 426 Volume weighted average price: 0.00 EUR
More information:
Niina Ala-Luopa
+358 400 728 957, 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 close to 2,500 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.
Vaisala Corporation
Managers’ Transactions
May 2, 2025, at 2:00 p.m. (EEST)
Vaisala Corporation: Managers’ Transactions – Voipio, Raimo
____________________________________________
Person subject to the notification requirement
Name: Voipio, Raimo
Position: Member of the Board/Deputy member
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873
Notification type: INITIAL NOTIFICATION
Reference number: 743700RNDD7KU11HW873_20250429172841_72
____________________________________________
Transaction date: 2025-04-29
Venue: XHEL
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 426 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 426 Volume weighted average price: 0.00 EUR
More information:
Niina Ala-Luopa
+358 400 728 957, 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 close to 2,500 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.
Vaisala Corporation
Managers’ Transactions
April 29, 2025, at 3:00 p.m. (EEST)
Vaisala Corporation: Managers’ Transactions – Syrjänen, Tuomas
____________________________________________
Person subject to the notification requirement
Name: Tuomas Syrjänen
Position: Member of the Board/Deputy member
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873
Notification type: INITIAL NOTIFICATION
Reference number: 105667/5/4
____________________________________________
Transaction date: 2025-04-28
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009900682
Nature of transaction: DISPOSAL
(X) Executed under portfolio or asset management
Transaction details
(1): Volume: 800 Unit price: 47.15 EUR
Aggregated transactions (1):
Volume: 800 Volume weighted average price: 47.15 EUR
More information:
Niina Ala-Luopa
+358 400 728 957, 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 close to 2,500 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.
Vaisala Corporation
Stock exchange release
April 29, 2025, at 9.00 a.m. (EEST)
Vaisala starts repurchasing own shares for its incentive plans
Vaisala’s Board of Directors has decided to exercise the authorization of the 2025 Annual General Meeting to repurchase own series A shares. Purchased shares will be used as a part of the company’s incentive plans. The maximum number of series A shares to be repurchased is 65,000 shares, corresponding to approximately 0.195% of the total number of the company’s series A shares. The shares will be repurchased in public trading on Nasdaq Helsinki Ltd. in one or several instalments at the market price prevailing at the time of purchase. The repurchases will start on May 6, 2025, at the earliest and end on September 30, 2025, at the latest.
The Annual General Meeting held on March 25, 2025, authorized the Board of Directors to decide on the repurchase of a maximum of 800,000 of the company's own shares with assets from the company's unrestricted equity.
The total number of shares in Vaisala is 36,436,728 of which 33,343,600 are series A shares and 3,093,128 series K shares. Currently Vaisala has 125 982 series A treasury shares.
Additional information
Niina Ala-Luopa
+358 400 728 957, 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 close to 2,500 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 Interim Report April 24, 2025, at 9:00 a.m. (EEST)
Vaisala Corporation Interim Report January–March 2025
Strong start of the year amid increasing market uncertainty
First quarter 2025 highlights
- Orders received EUR 121.4 (123.2) million, decrease 1%
- Order book at the end of the period EUR 212.5 (190.4) million, increase 12%
- Net sales EUR 135.6 (112.1) million, increase 21%
- EBITA EUR 20.5 (8.8) million, 15.1 (7.9) % of net sales
- Operating result (EBIT) EUR 17.9 (7.1) million, 13.2 (6.4) % of net sales
- Earnings per share EUR 0.33 (0.14)
- Cash flow from operating activities EUR 18.7 (17.1) million
- Vaisala was selected to deliver seven weather radars and a lightning detection network to Greece.
Business outlook for 2025
Vaisala estimates, excluding potential significant changes in market conditions, that its full-year 2025 net sales will be in the range of EUR 590–620 million and its EBITA will be in the range of EUR 90–105 million.
As of 2025, in its outlook, Vaisala has changed EBIT to EBITA to align with its long-term financial targets.
Market outlook for 2025
Markets for industrial and life science market segments grew during the first quarter. Similar development is expected during the rest of the year. Power market segment is expected to grow. However, the market environment remains uncertain, affecting the predictability of these segments' development.
Markets for the more mature markets, meteorology, aviation, and roads, are expected to be stable. Market for renewable energy is expected to decline during this year.
Key figures
| MEUR | 1-3/2025 | 1-3/2024 | Change | 1-12/2024 |
| Orders received | 121.4 | 123.2 | -1% | 565.6 |
| Order book | 212.5 | 190.4 | 12% | 215.0 |
| Net sales | 135.6 | 112.1 | 21% | 564.6 |
| Gross profit | 77.8 | 60.7 | 28% | 318.1 |
| Gross margin, % | 57.3 | 54.2 | 56.3 | |
| Operating expenses | 59.9 | 53.7 | 12% | 235.8 |
| EBITA | 20.5 | 8.8 | 90.3 | |
| % of net sales | 15.1 | 7.9 | 16.0 | |
| Operating result (EBIT) | 17.9 | 7.1 | 82.9 | |
| % of net sales | 13.2 | 6.4 | 14.7 | |
| Result before taxes | 15.1 | 6.6 | 80.8 | |
| Result for the period | 11.9 | 5.2 | 63.7 | |
| Earnings per share | 0.33 | 0.14 | 130% | 1.76 |
| Return on equity, % | 16.0 | 8.0 | 22.1 | |
| Research and development costs | 16.9 | 16.4 | 3% | 68.6 |
| Capital expenditure* | 4.9 | 2.0 | 147% | 19.1 |
| Depreciation, amortization and impairment | 7.0 | 5.7 | 22% | 24.3 |
| Cash flow from operating activities | 18.7 | 17.1 | 9% | 78.9 |
| Cash conversion | 1.0 | 2.4 | 1.0 | |
| Cash and cash equivalents | 100.8 | 105.0 | -4% | 88.8 |
| Interest-bearing liabilities | 128.7 | 61.4 | 110% | 129.5 |
| Gearing, % | 9.7 | -17.8 | 13.2 |
* Excluding impact of acquired businesses
President and CEO Kai Öistämö
“We had a strong start of the year 2025 despite the uncertainty in the market environment. Both our net sales and profitability improved from the previous year, with particularly strong performance in the Industrial Measurements business area. We also saw significantly accelerated growth in our Xweather business, fueled by the recent acquisitions of WeatherDesk and Speedwell Climate.
Vaisala’s first quarter order intake was on the same level as in the previous year. Our organic net sales grew by 17%, excluding the acquisitions closed during Q4/2024. We were able to mitigate the impacts of industrial actions in Finland without them affecting our net sales. Our operating result margin improved to 13.2% followed by increased net sales. We closed the quarter with a strong EUR 212.5 million order book.
In the Industrial Measurements business area, the demand continued to develop favorably, and we had a strong quarter in orders received as well as in net sales. Positive development was seen across all regions and segments. It was especially positive to see the life science market continue to grow after a challenging last year.
In the Weather and Environment business area, we had a good quarter in net sales in meteorology and aviation market segments. We continued to deliver on our strong order book. One of the highlights of the quarter was winning a delivery of seven weather radars and a lightning detection network to Greece. However, in the renewable energy market segment, the first quarter was disappointing. New renewable energy investments slowed down, impacting negatively both net sales and orders received in our renewable energy business. Subscription sales increased by 63%, boosted by our recently acquired new businesses and double-digit organic growth.
We also started the year with a renewed Leadership Team with Anne Jalkala and Jarkko Sairanen in their new roles and Lorenzo Gulli and Samuli Hänninen as new members in the Leadership Team.
Looking ahead to the rest of this year, we continue to deliver our strategy as a global leader in measurement instruments and intelligence for climate action. The first quarter gave us a strong start for the year. Nevertheless, we expect the market uncertainty to continue as a result of geopolitical tensions and the risk of trade war escalation. We monitor the situation and prepare for different scenarios to mitigate the possible impacts to our business.
We continue to estimate, excluding potential significant changes in market conditions, that our full-year 2025 net sales will be in the range of EUR 590–620 and EBITA will be in the range of EUR 90–105 million.”
Audiocast and teleconference
An audiocast and a conference call for analysts, investors and media will be held in English on Thursday, April 24, 2025, starting at 1:00 p.m. (Finnish time).
You can participate in the live audiocast via following link: https://vaisala.events.inderes.com/q1-2025
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=50051621
A recording will be available at vaisala.com/investors later the same day.
Further information
Niina Ala-Luopa
+358 400 728 957, 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 close to 2,500 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
Press release
April 9, 2025, at 10:00 a.m. (EEST)
Vaisala's Interim Report January–March 2025 to be published on April 24, 2025
Vaisala Corporation will publish its Interim Report January–March 2025 on Thursday, April 24, 2025, 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.events.inderes.com/q1-2025
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=50051621
A recording will be available at vaisala.com/investors later the same day.
More information
Niina Ala-Luopa
+358 400 728 957, 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 close to 2,500 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
March 25, 2025, at 4:30 p.m. (EET)
Resolutions by Vaisala Corporation Annual General Meeting and the Board of Directors
Vaisala Corporation’s Annual General Meeting was held on March 25, 2025. The meeting approved the financial statements and discharged the members of the Board of Directors and the President and CEO from liability for the financial period January 1–December 31, 2024.
Dividend
The Annual General Meeting resolved a dividend of EUR 0.85 per share. The record date for the dividend payment is March 27, 2025, and the payment date is April 3, 2025.
Board of Directors
The Annual General Meeting confirmed that the number of Board members is seven. Annica Bresky, Antti Jääskeläinen, Lotte Rosenberg, Kaarina Ståhlberg, Tuomas Syrjänen, Raimo Voipio and Ville Voipio will continue as members of the Board of Directors.
The Annual General Meeting confirmed that the annual remuneration payable to the Chair of the Board of Directors is EUR 75,000 and each Board member EUR 50,000 per year. Approximately 40% of the annual remuneration will be paid in Vaisala Corporation’s series A shares acquired from the market and the rest in cash. In addition, the Annual General Meeting confirmed that the meeting fee for the Chair of the Audit Committee will be EUR 2,000 per attended meeting, EUR 1,500 for the Chair of People and Sustainability Committee, the Nomination Committee and any other committee established by the Board of Directors, and EUR 1,200 for each member of a committee for each attended meeting. In addition, members of the Board residing outside of Finland will be paid a meeting fee of EUR 1,000 per physical meeting attended, however, if two or more meetings are held during a day, the maximum fee is EUR 1,000. The attendance fees are paid in cash.
Possible travel expenses are reimbursed according to the travel policy of the company.
Auditor
The Annual General Meeting elected PricewaterhouseCoopers Oy as the auditor of the company and APA Ylva Eriksson will act as the auditor with the principal responsibility. The Auditor is reimbursed according to invoice presented to the company.
Sustainability reporting assurer
The Annual General Meeting elected PricewaterhouseCoopers Oy as the sustainability reporting assurer of the company and Ylva Eriksson, Authorized Sustainability Auditor (KRT), as the assurer with principal authority. The assurer is reimbursed according to invoice presented to the company.
Authorization for the directed repurchase of own series A shares
The Annual General Meeting authorized the Board of Directors to resolve on the directed repurchase of a maximum of 800,000 of the company's own series A shares in one or more instalments by using company's unrestricted equity. The authorization is valid until the closing of the next Annual General Meeting, however, no longer than September 25, 2026.
Authorization on the issuance of the company's own series A shares
The Annual General Meeting authorized the Board of Directors to resolve on the issuance of the shares, transfer of treasury shares and issuance of special rights entitling to shares. The authorization concerns only series A shares. The Board may issue either new shares or transfer treasury shares held by the company to a maximum of 3,000,000 shares. The authorization can also be used as part of the company’s incentive plans for up to 1,000,000 shares. The shares can be issued or transferred for consideration or without consideration. Shares or special rights entitling to shares can be issued in deviation from the shareholders’ pre-emptive rights by way of a directed issue if there is a weighty financial reason from company’s point of view, such as using the shares as a consideration in potential mergers or acquisitions, to finance investments, or as a part of the company’s incentive plans. The subscription price of the shares can instead of cash also be paid in full or in part as contribution in kind. The authorization is valid until September 25, 2026. The authorization for the company's incentive program shall however be valid until March 25, 2030.
THE ORGANIZING MEETING OF THE BOARD OF DIRECTORS
At its organizing meeting held after the Annual General Meeting the Board elected Ville Voipio as the Chair of the Board of Directors and Raimo Voipio as the Vice Chair.
The composition of the Board committees was decided to be as follows:
Kaarina Ståhlberg was elected as the Chair and Lotte Rosenberg, and Raimo Voipio as members of the Audit Committee. The majority of the Audit Committee members are independent both of the company and of significant shareholders.
Antti Jääskeläinen was elected as the Chair and Annica Bresky, Tuomas Syrjänen, and Ville Voipio as members of the People and Sustainability Committee. The majority of the members of the People and Sustainability Committee are independent both of the company and of significant shareholders.
Ville Voipio was elected as the Chair and Annica Bresky, Tuomas Syrjänen, and Raimo Voipio as members of the Nomination Committee. The majority of the members of the Nomination Committee are independent both of the company and of significant shareholders.
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 close to 2,500 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.
| Shareholders | Date | % of Shares | % of Votes |
|---|---|---|---|
| Investor | 31.12.2024 | 9.3% | 24.5% |
| Cevian Capital | 31.12.2024 | 4.6% | 2.7% |
| BlackRock Institutional Trust Company | 31.12.2024 | 4.1% | 2.4% |
| Fidelity International | 31.12.2024 | 4% | 3.6% |
| Hotchkis and Wiley Capital Management, LLC | 31.12.2024 | 3.5% | 2% |
| Vanguard Group | 31.12.2024 | 3.1% | 2% |
| AMF Pensionsförsäkring AB | 31.12.2024 | 3% | 5% |
| Swedbank Robur Fonder AB | 31.12.2024 | 2.8% | 1.6% |
| AB Industrivärden | 31.12.2024 | 2.6% | 15.1% |
| AFA Försäkring AB | 31.12.2024 | 0.4% | 2.1% |
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Company Facts
Guidance
Vaisala estimates, excluding potential significant changes in market conditions, that its full-year 2025 net sales will be in the range of EUR 590–620 (2024: 565) million and its EBITA will be in the range of EUR 90–105 (2024: 90) million.
Financial targets
Average sales growth 7%
Systematically improving EBITA %
Maintain strong cash conversion over time
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