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Vaisala

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.
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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 - 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 |
Vaisala - Man standing at a white table with texture pattern on the wall in black and white.
Vaisala logo
Vaisala - W&E remains in the driver’s seat

Vaisala’s Q4 EBIT missed our estimates mainly due to weaker than expected gross margin development. With the strong order book, W&E is expected to continue to perform in 2024 while IM waits for the market to pick up in H2.

Company update |
Vaisala - Man standing at a white table with texture pattern on the wall in black and white.
Vaisala logo
Vaisala - Solid growth and orders, soft profitability

Vaisala’s Q4 EBIT missed our estimates at EUR 16.3m (EUR 17.5m Evli). On the other hand, W&E growth and orders were strong.

Earnings Flash |
Vaisala - Man standing at a white table with texture pattern on the wall in black and white.
Vaisala logo
Vaisala - Decent quarter expected in a soft market

Vaisala will report Q4 earnings on February 14th. We expect solid performance in W&E while IM continues to face challenges due to weak demand in some key verticals.

Preview |
Vaisala - Man standing at a white table with texture pattern on the wall in black and white.
Vaisala logo
Vaisala - Navigating through the tougher market

Vaisala delivered strong profitability amid a difficult market for Q3. Net sales fell short of our estimates, yet EBIT was robust. After minor estimate revisions, we adjust our TP to EUR 37.0 (prev. EUR 39.0) with BUY rating intact.

Company update |
Vaisala - Man standing at a white table with texture pattern on the wall in black and white.
Vaisala logo
Vaisala - Profitability improved above estimates

Vaisala posted Q3 results with net sales slightly below our expectations, yet EBIT was very strong and above our estimates driven by even stronger gross margin improvement than expected.

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

Vaisala reports its Q3 earnings on 27th of October. Low industrial activity slowed down IM’s growth during Q2 which we estimate to have continued during Q3. We continue to see the valuation attractive despite the temporary market pressure.

Preview |
Vaisala - Man standing at a white table with texture pattern on the wall in black and white.
Vaisala logo
Vaisala - Soft market opens a spot to BUY

Vaisala had a two-folded quarter with W&E delivering solid 18% growth while IM saw a decline due to a soft market. The outlook remains strong for W&E, but IM’s markets remain uncertain which impacts the BU’s growth prospects in H2.

Company update |

Annual financials

Assets

Equity and liabilities

Cashflow

Environment

Social

Governance

Videos

Vaisala - Company presentation
Company presentation |

Annual and sustainability reports

Company news



VAISALA CORPORATIONSTOCK EXCHANGE RELEASE 12.7.2024
   
   
Vaisala Corporation: Share Repurchase 12.7.2024
   
In the Helsinki Stock Exchange  
   
Trade date12.7.2024 
Bourse tradeBuy 
ShareVAIAS 
Amount300Shares
Average price/ share40.0000EUR
Total cost12,000.00EUR
   
   
Vaisala Corporation now holds a total of 147 199 shares
including the shares repurchased on 12.7.2024 
   
   
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  







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 11.7.2024
   
   
Vaisala Corporation: Share Repurchase 11.7.2024 
   
In the Helsinki Stock Exchange  
   
Trade date          11.7.2024 
Bourse trade        Buy 
Share                 VAIAS 
Amount            412Shares
Average price/ share   39,8796EUR
Total cost           16 430,40EUR
   
   
Vaisala Corporation now holds a total of 146 899 shares
including the shares repurchased on 11.7.2024 
   
   
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 10.7.2024
   
   
Vaisala Corporation: Share Repurchase 10.7.2024
   
In the Helsinki Stock Exchange  
   
Trade date10.7.2024 
Bourse tradeBuy 
ShareVAIAS 
Amount1,561Shares
Average price/ share39.7929EUR
Total cost62,116.72EUR
   
   
Vaisala Corporation now holds a total of 146 487 shares
including the shares repurchased on 10.7.2024 
   
   
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


Vaisala Corporation
Press release
July 10, 2024, at 11:15 a.m. (EEST)

Vaisala's Half Year Financial Report January–June 2024 to be published on July 25, 2024

Vaisala Corporation will publish its Half Year Financial Report January–June 2024 on Thursday, July 25, 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 1:30 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 1:30 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.

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 CORPORATIONSTOCK EXCHANGE RELEASE 9.7.2024
   
   
Vaisala Corporation: Share Repurchase 9.7.2024 
   
In the Helsinki Stock Exchange  
   
Trade date          9.7.2024 
Bourse trade        Buy 
Share                 VAIAS 
Amount            1 500Shares
Average price/ share   39,8867EUR
Total cost           59 830,05EUR
   
   
Vaisala Corporation now holds a total of 144 926 shares
including the shares repurchased on 9.7.2024 
   
   
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 8.7.2024
   
   
Vaisala Corporation: Share Repurchase 8.7.2024 
   
In the Helsinki Stock Exchange  
   
Trade date          8.7.2024 
Bourse trade        Buy 
Share                 VAIAS 
Amount            1 000Shares
Average price/ share   39,9550EUR
Total cost           39 955,00EUR
   
   
Vaisala Corporation now holds a total of 143 426 shares
including the shares repurchased on 8.7.2024 
   
   
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 1.7.2024
   
   
Vaisala Corporation: Share Repurchase 1.7.2024 
   
In the Helsinki Stock Exchange  
   
Trade date          1.7.2024 
Bourse trade        Buy 
Share                 VAIAS 
Amount            300Shares
Average price/ share   40,0000EUR
Total cost           12 000,00EUR
   
   
Vaisala Corporation now holds a total of 142 426 shares
including the shares repurchased on 1.7.2024 
   
   
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 28.6.2024
   
   
Vaisala Corporation: Share Repurchase 28.6.2024
   
In the Helsinki Stock Exchange  
   
Trade date28.6.2024 
Bourse tradeBuy 
ShareVAIAS 
Amount594Shares
Average price/ share39.9753EUR
Total cost23,745.33EUR
   
   
Vaisala Corporation now holds a total of 142 126 shares
including the shares repurchased on 28.6.2024 
   
   
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  







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 26.6.2024
   
   
Vaisala Corporation: Share Repurchase 26.6.2024 
   
In the Helsinki Stock Exchange  
   
Trade date          26.6.2024 
Bourse trade        Buy 
Share                 VAIAS 
Amount            500Shares
Average price/ share   40,0000EUR
Total cost           20 000,00EUR
   
   
Vaisala Corporation now holds a total of 141 532 shares
including the shares repurchased on 26.6.2024 
   
   
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 19.6.2024
   
   
Vaisala Corporation: Share Repurchase 19.6.2024 
   
In the Helsinki Stock Exchange  
   
Trade date          19.6.2024 
Bourse trade        Buy 
Share                 VAIAS 
Amount            299Shares
Average price/ share   39,9669EUR
Total cost           11 950,10EUR
   
   
Vaisala Corporation now holds a total of 141 032 shares
including the shares repurchased on 19.6.2024 
   
   
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 17.6.2024
   
   
Vaisala Corporation: Share Repurchase 17.6.2024 
   
In the Helsinki Stock Exchange  
   
Trade date          17.6.2024 
Bourse trade        Buy 
Share                 VAIAS 
Amount            300Shares
Average price/ share   39,8500EUR
Total cost           11 955,00EUR
   
   
Vaisala Corporation now holds a total of 140 733 shares
including the shares repurchased on 17.6.2024 
   
   
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 14.6.2024
   
   
Vaisala Corporation: Share Repurchase 14.6.2024
   
In the Helsinki Stock Exchange  
   
Trade date14.6.2024 
Bourse tradeBuy 
ShareVAIAS 
Amount600Shares
Average price/ share39.9750EUR
Total cost23,985.00EUR
   
   
Vaisala Corporation now holds a total of 140 433 shares
including the shares repurchased on 14.6.2024 
   
   
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  







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 11.6.2024
   
   
Vaisala Corporation: Share Repurchase 11.6.2024 
   
In the Helsinki Stock Exchange  
   
Trade date          11.6.2024 
Bourse trade        Buy 
Share                 VAIAS 
Amount            500Shares
Average price/ share   40,0000EUR
Total cost           20 000,00EUR
   
   
Vaisala Corporation now holds a total of 139 833 shares
including the shares repurchased on 11.6.2024 
   
   
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 10.6.2024
   
   
Vaisala Corporation: Share Repurchase 10.6.2024 
   
In the Helsinki Stock Exchange  
   
Trade date          10.6.2024 
Bourse trade        Buy 
Share                 VAIAS 
Amount            755Shares
Average price/ share   39,8589EUR
Total cost           30 093,47EUR
   
   
Vaisala Corporation now holds a total of 139 333 shares
including the shares repurchased on 10.6.2024 
   
   
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 7.6.2024
   
   
Vaisala Corporation: Share Repurchase 7.6.2024 
   
In the Helsinki Stock Exchange  
   
Trade date          7.6.2024 
Bourse trade        Buy 
Share                 VAIAS 
Amount            300Shares
Average price/ share   40,0000EUR
Total cost           12 000,00EUR
   
   
Vaisala Corporation now holds a total of 138 578 shares
including the shares repurchased on 7.6.2024 
   
   
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


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%

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Company Facts

CEO Kai Öistämö
CFO Heli Lindfors
IR Paula Liimatta
Market cap (EURm) 1462
Industry Electronic Equipment & Instruments
Ticker VAIAS

Guidance

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

Financial targets

For 2021-2024: Average annual growth of 7% and an EBIT-margin of 15%.

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