Vaisala
Overview
Financial overview
Equity research
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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
Annual financials
Assets
Equity and liabilities
Cashflow
Environment
Social
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Annual and sustainability reports
Company news
| VAISALA CORPORATION | STOCK 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 | 300 | Shares |
| Average price/ share | 40,0000 | EUR |
| Total cost | 12 000,00 | EUR |
| 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 CORPORATION | STOCK EXCHANGE RELEASE 28.6.2024 | |
| Vaisala Corporation: Share Repurchase 28.6.2024 | ||
| In the Helsinki Stock Exchange | ||
| Trade date | 28.6.2024 | |
| Bourse trade | Buy | |
| Share | VAIAS | |
| Amount | 594 | Shares |
| Average price/ share | 39.9753 | EUR |
| Total cost | 23,745.33 | EUR |
| 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 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 CORPORATION | STOCK 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 | 500 | Shares |
| Average price/ share | 40,0000 | EUR |
| Total cost | 20 000,00 | EUR |
| 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 CORPORATION | STOCK 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 | 299 | Shares |
| Average price/ share | 39,9669 | EUR |
| Total cost | 11 950,10 | EUR |
| 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 CORPORATION | STOCK 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 | 300 | Shares |
| Average price/ share | 39,8500 | EUR |
| Total cost | 11 955,00 | EUR |
| 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 CORPORATION | STOCK EXCHANGE RELEASE 14.6.2024 | |
| Vaisala Corporation: Share Repurchase 14.6.2024 | ||
| In the Helsinki Stock Exchange | ||
| Trade date | 14.6.2024 | |
| Bourse trade | Buy | |
| Share | VAIAS | |
| Amount | 600 | Shares |
| Average price/ share | 39.9750 | EUR |
| Total cost | 23,985.00 | EUR |
| 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 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 CORPORATION | STOCK 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 | 500 | Shares |
| Average price/ share | 40,0000 | EUR |
| Total cost | 20 000,00 | EUR |
| 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 CORPORATION | STOCK 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 | 755 | Shares |
| Average price/ share | 39,8589 | EUR |
| Total cost | 30 093,47 | EUR |
| 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 CORPORATION | STOCK 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 | 300 | Shares |
| Average price/ share | 40,0000 | EUR |
| Total cost | 12 000,00 | EUR |
| 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
| VAISALA CORPORATION | STOCK EXCHANGE RELEASE 3.6.2024 | |
| Vaisala Corporation: Share Repurchase 3.6.2024 | ||
| In the Helsinki Stock Exchange | ||
| Trade date | 3.6.2024 | |
| Bourse trade | Buy | |
| Share | VAIAS | |
| Amount | 900 | Shares |
| Average price/ share | 39,9167 | EUR |
| Total cost | 35 925,03 | EUR |
| Vaisala Corporation now holds a total of 138 278 shares | ||
| including the shares repurchased on 3.6.2024 | ||
| 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 Corporation
Managers’ Transactions
June 3, 2024, at 4:30 p.m. (EEST)
Vaisala Corporation: Managers’ Transactions – Lindfors, Heli
____________________________________________
Person subject to the notification requirement
Name: Lindfors, Heli
Position: Chief Financial Officer
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873
Notification type: INITIAL NOTIFICATION
Reference number: 743700RNDD7KU11HW873_20240603141119_54
____________________________________________
Transaction date: 2024-06-03
Venue not applicable
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 1000 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 1000 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
June 3, 2024, at 3:00 p.m. (EEST)
Vaisala Corporation’s conveyance of treasury shares in accordance with share-based incentive plan
A total of 1,750 of Vaisala Corporation's treasury shares have been conveyed without consideration to persons 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 137,378.
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 | STOCK EXCHANGE RELEASE 31.5.2024 | |
| Vaisala Corporation: Share Repurchase 31.5.2024 | ||
| In the Helsinki Stock Exchange | ||
| Trade date | 31.5.2024 | |
| Bourse trade | Buy | |
| Share | VAIAS | |
| Amount | 300 | Shares |
| Average price/ share | 40,0000 | EUR |
| Total cost | 12 000,00 | EUR |
| Vaisala Corporation now holds a total of 139 128 shares | ||
| including the shares repurchased on 31.5.2024 | ||
| 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 CORPORATION | STOCK EXCHANGE RELEASE 29.5.2024 | |
| Vaisala Corporation: Share Repurchase 29.5.2024 | ||
| In the Helsinki Stock Exchange | ||
| Trade date | 29.5.2024 | |
| Bourse trade | Buy | |
| Share | VAIAS | |
| Amount | 500 | Shares |
| Average price/ share | 39,9700 | EUR |
| Total cost | 19 985,00 | EUR |
| Vaisala Corporation now holds a total of 138 828 shares | ||
| including the shares repurchased on 29.5.2024 | ||
| 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 CORPORATION | STOCK EXCHANGE RELEASE 28.5.2024 | |
| Vaisala Corporation: Share Repurchase 28.5.2024 | ||
| In the Helsinki Stock Exchange | ||
| Trade date | 28.5.2024 | |
| Bourse trade | Buy | |
| Share | VAIAS | |
| Amount | 1,000 | Shares |
| Average price/ share | 40.0000 | EUR |
| Total cost | 40,000.00 | EUR |
| Vaisala Corporation now holds a total of 138 328 shares | ||
| including the shares repurchased on 28.5.2024 | ||
| 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 | ||
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
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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