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.
Annual financials
Quarterly financials
Assets
Equity and liabilities
Cashflow
Environment
Social
Governance
Videos
Annual and sustainability reports
- Annual report 2024
- Annual report 2023
- Annual report 2022
- Annual report 2021
- Annual report 2020
- Annual report 2019
- Annual report 2018
Company news
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.
Vaisala Corporation
Managers’ Transactions
March 6, 2025, at 4:00 p.m. (EET)
Vaisala Corporation: Managers’ Transactions – Sairanen, Jarkko
____________________________________________
Person subject to the notification requirement
Name: Sairanen, Jarkko
Position: Other senior manager
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873
Notification type: INITIAL NOTIFICATION
Reference number: 743700RNDD7KU11HW873_20250306120301_61
____________________________________________
Transaction date: 2025-03-05
Venue not applicable
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 1838 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 1838 Volume weighted average price: 0.00 EUR
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
March 6, 2025, at 4:00 p.m. (EET)
Vaisala Corporation: Managers’ Transactions – Vainio, Katriina
____________________________________________
Person subject to the notification requirement
Name: Vainio, Katriina
Position: Other senior manager
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873
Notification type: INITIAL NOTIFICATION
Reference number: 743700RNDD7KU11HW873_20250306120301_62
____________________________________________
Transaction date: 2025-03-05
Venue not applicable
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 707 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 707 Volume weighted average price: 0.00 EUR
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
March 6, 2025, at 4:00 p.m. (EET)
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_20250306120301_58
____________________________________________
Transaction date: 2025-03-05
Venue not applicable
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 424 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 424 Volume weighted average price: 0.00 EUR
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
March 6, 2025, at 4:00 p.m. (EET)
Vaisala Corporation: Managers’ Transactions – Pylvänäinen, Vesa
____________________________________________
Person subject to the notification requirement
Name: Pylvänäinen, Vesa
Position: Other senior manager
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873
Notification type: INITIAL NOTIFICATION
Reference number: 743700RNDD7KU11HW873_20250306120301_60
____________________________________________
Transaction date: 2025-03-05
Venue not applicable
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 1131 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 1131 Volume weighted average price: 0.00 EUR
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
March 6, 2025, at 4:00 p.m. (EET)
Vaisala Corporation: Managers’ Transactions – Öistämö, Kai
____________________________________________
Person subject to the notification requirement
Name: Öistämö, Kai
Position: Chief Executive Officer
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873
Notification type: INITIAL NOTIFICATION
Reference number: 743700RNDD7KU11HW873_20250306120301_63
____________________________________________
Transaction date: 2025-03-05
Venue not applicable
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 2828 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 2828 Volume weighted average price: 0.00 EUR
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
March 6, 2025, at 4:00 p.m. (EET)
Vaisala Corporation: Managers’ Transactions – Leskinen, Timo
____________________________________________
Person subject to the notification requirement
Name: Leskinen, Timo
Position: Other senior manager
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873
Notification type: INITIAL NOTIFICATION
Reference number: 743700RNDD7KU11HW873_20250306120301_59
____________________________________________
Transaction date: 2025-03-05
Venue not applicable
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 990 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 990 Volume weighted average price: 0.00 EUR
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
March 5, 2025, at 3:00 p.m. (EET)
Vaisala Corporation’s conveyance of treasury shares in accordance with share-based incentive plan
A total of 26,167 of Vaisala Corporation's treasury shares have been conveyed without consideration to the 47 key employees participating in the Performance Share Plans 2022–2024, 2023–2025, and 2024–2026 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 26, 2024.
Following this directed share issue, the number of series A treasury shares is 125,982.
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.
Vaisala Corporation
Stock exchange release
March 3, 2025, at 10:00 a.m. (EET)
Vaisala has published Annual Report 2024
Vaisala Corporation has today published its Annual Report 2024. Vaisala’s Annual Report 2024 consists of two separate reports: Business Review as well as Governance and Financial Review.
Governance and Financial Review includes Board of Directors' Report, Consolidated and Parent Company Financial Statements and Auditor’s Report, and Remuneration Report. Board of Directors’ Report includes Corporate Governance Statement and Sustainability statement. The Sustainability statement has been prepared in accordance with the European Sustainability Reporting Standards (ESRS) and Chapter 7 of the Finnish Accounting Act.
The documents related to the Annual Report 2024 are available on the company’s website at vaisala.com/annualreport. The Corporate Governance Statement and the Remuneration Report included in the Governance and Financial Review are also available as separate documents on the company’s website at vaisala.com/investors.
Vaisala has published its financial statements in European Single Electronic Format (ESEF). The primary Financial Statements have been labelled with XBRL tags and the Notes to Financial Statements with XBRL block tags in accordance with the ESEF requirements. The ESEF report is available on the company’s website at vaisala.com/investors and as an attachment to this release. The audit firm PricewaterhouseCoopers Oy has provided an independent auditor’s reasonable assurance report on Vaisala Corporation’s ESEF financial statements in accordance with ISAE 3000.
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.com
Attachments
- Vaisala-Business-Review-2024
- Vaisala-Governance-and-Financial-Review-2024-EN
- 743700RNDD7KU11HW873-2024-12-31--EN
Vaisala Corporation
Stock exchange release
February 28, 2025 at 11:45 a.m. (EET)
Vaisala Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (February 26, 2025)
Vaisala Corporation has on February 26, 2025, received a notification pursuant to Chapter 9, Section 10 of the Finnish Securities Markets Act from Mandatum Oyj.
According to the notification, on February 26, 2025, Mandatum Oyj’s votes in Vaisala Corporation, including holding through financial instruments, fell below the threshold of five (5) percent of shares. Vaisala Corporation’s series K shares were partly converted to series A shares. As a result, Mandatum Oyj’s share of votes fell below five percent.
According to the notification of Mandatum Oyj:
| % 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 reached | 1.14% of shares 0.44% of votes | 1.14% of shares 0.44% of votes | 36,436,728 shares 95,206,160 votes | |
| Position of previous notification (if applicable) | 2.38 % of shares 5.76 % of votes | 2.38 % of shares 5.76 % 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) | |
| Vaisala Oyj A FI0009900682 | 416,109 shares 416,109 votes | 1.14% of shares 0.44% of votes | ||
| SUBTOTAL A | 416,109 shares 416,109 votes | 1.14% of shares 0.44% of votes | ||
| X Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity: | |||
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| Mandatum Oyj | 0 | 0 | 0 |
| Mandatum Life Insurance Company | below 5% | 0 | below 5% |
| Mandatum Asset Management Oy | 0 | 0 | 0 |
| Mandatum Fund Management S.A. | 0 | 0 | 0 |
| Mandatum SICAV-UCITS Mandatum Nordic Active Ownership Equity Fund | below 5% | 0 | below 5% |
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 3,093,128 are series K shares and 33,343,600 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 91.51% of the total number of shares and 35,02% of the total votes. The series K shares represented 8.49% of the total number of shares and 64.98% of the total votes. The total amount of votes attached to all shares is 95,206,160. The total number of series A treasury shares is 152,149.
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.com
Vaisala Corporation
Managers’ Transactions
February 26, 2025, at 12:15 p.m. (EET)
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: 97746/7/16
____________________________________________
Transaction date: 2025-02-25
Venue: XTXE
Instrument type: SHARE
ISIN: FI0009900682
Nature of transaction: DISPOSAL
(X) Executed under portfolio or asset management
Transaction details
(1): Volume: 534 Unit price: 49.025 EUR
Aggregated transactions (1):
Volume: 534 Volume weighted average price: 49.025 EUR
____________________________________________
Transaction date: 2025-02-25
Venue: GSEI
Instrument type: SHARE
ISIN: FI0009900682
Nature of transaction: DISPOSAL
(X) Executed under portfolio or asset management
Transaction details
(1): Volume: 244 Unit price: 49 EUR
(2): Volume: 51 Unit price: 49.1 EUR
(3): Volume: 51 Unit price: 49.1 EUR
(4): Volume: 98 Unit price: 49.025 EUR
(5): Volume: 52 Unit price: 48.975 EUR
Aggregated transactions (5):
Volume: 496 Volume weighted average price: 49.02288 EUR
____________________________________________
Transaction date: 2025-02-25
Venue: SGMV
Instrument type: SHARE
ISIN: FI0009900682
Nature of transaction: DISPOSAL
(X) Executed under portfolio or asset management
Transaction details
(1): Volume: 105 Unit price: 49.025 EUR
Aggregated transactions (1):
Volume: 105 Volume weighted average price: 49.025 EUR
____________________________________________
Transaction date: 2025-02-25
Venue: EUCC
Instrument type: SHARE
ISIN: FI0009900682
Nature of transaction: DISPOSAL
(X) Executed under portfolio or asset management
Transaction details
(1): Volume: 26 Unit price: 48.95 EUR
Aggregated transactions (1):
Volume: 26 Volume weighted average price: 48.95 EUR
____________________________________________
Transaction date: 2025-02-25
Venue: BEUP
Instrument type: SHARE
ISIN: FI0009900682
Nature of transaction: DISPOSAL
(X) Executed under portfolio or asset management
Transaction details
(1): Volume: 27 Unit price: 48.975 EUR
(2): Volume: 17 Unit price: 49.05 EUR
(3): Volume: 17 Unit price: 49.05 EUR
(4): Volume: 16 Unit price: 49.05 EUR
(5): Volume: 16 Unit price: 49.05 EUR
(6): Volume: 11 Unit price: 49.05 EUR
(7): Volume: 7 Unit price: 49.05 EUR
(8): Volume: 4 Unit price: 49.05 EUR
(9): Volume: 19 Unit price: 49.05 EUR
(10): Volume: 18 Unit price: 49.05 EUR
(11): Volume: 18 Unit price: 49.05 EUR
(12): Volume: 18 Unit price: 49.05 EUR
(13): Volume: 17 Unit price: 49.05 EUR
(14): Volume: 17 Unit price: 49.05 EUR
(15): Volume: 17 Unit price: 49.05 EUR
Aggregated transactions (15):
Volume: 239 Volume weighted average price: 49.04153 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
February 26, 2025, at 11:45 a.m. EET
Change in Vaisala Corporation’s number of series A and K shares
Vaisala Corporation’s Board of Directors decided in its meeting on February 17, 2025, that 533,725 series K shares will be converted into series A shares. This conversion was registered into the Trade Register today, on February 26, 2025. Consequently, Vaisala has 36,436,728 shares, of which 3,093,128 are series K shares and 33,343,600 are series A shares. Total votes attached to all shares is 95,206,160. Vaisala holds a total of 152,149 company’s series A shares, which represent 0.46% of series A shares and 0.42% of all shares.
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.com
Vaisala Corporation
Managers’ Transactions
February 21, 2025, at 4:00 p.m. (EET)
Vaisala Corporation: Managers’ Transactions – Castrén, Petri
____________________________________________
Person subject to the notification requirement
Name: Castrén, Petri
Position: Member of the Board/Deputy member
Issuer: Vaisala Oyj
LEI: 743700RNDD7KU11HW873
Notification type: INITIAL NOTIFICATION
Reference number: 97301/5/4
____________________________________________
Transaction date: 2025-02-20
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009900682
Nature of the transaction: DISPOSAL
Transaction details
(1): Volume: 216 Unit price: 52 EUR
(2): Volume: 284 Unit price: 52 EUR
(3): Volume: 935 Unit price: 51.4 EUR
(4): Volume: 2 Unit price: 51.4 EUR
(5): Volume: 63 Unit price: 51.4 EUR
Aggregated transactions
(5): Volume: 1500 Volume weighted average price: 51.6 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.
| 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
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
Schedule analyst call
For professional investors wishing to discuss the case, please book a complimentary analyst call
Book a call