Vaisala Oy

Latest Results (18.01.2026):

Vaisala Oy — Q1 2025: Vaisala reported a strong start to 2025 with net sales of EUR 135.6 million (up 21% y/y), EBITA of EUR 20.5 million (15.1% margin) and EBIT of EUR 17.9 million (13.2% margin). Orders received were EUR 121.4 million (down 1% y/y) while the order book rose to EUR 212.5 million (+12% y/y). Earnings per share were EUR 0.33 and operating cash flow was EUR 18.7 million. Management reiterated full‑year 2025 guidance of net sales EUR 590–620 million and EBITA EUR 90–105 million, while flagging continued market uncertainty.

Orders and backlog

Orders received in Q1/2025 were EUR 121.4m (‑1% vs Q1/2024). The order book strengthened to EUR 212.5m (+12% vs Mar‑31‑2024), with EUR 144.2m scheduled for delivery in 2025. Notable award: seven weather radars and a lightning detection network for Greece.

Sales growth and revenue mix

Net sales were EUR 135.6m (+21% y/y; +19% at comparable FX). Organic net sales (ex‑Q4/2024 acquisitions) rose ~17%. Product, project, service and subscription lines all contributed—subscription sales surged 63% (partly from acquired businesses; organic subscription growth ~12%). Renewable energy sales declined materially.

Profitability

EBITA improved to EUR 20.5m (15.1% of sales) vs EUR 8.8m a year earlier; operating result (EBIT) was EUR 17.9m (13.2%). Gross margin rose to 57.3% (from 54.2%) driven by higher volumes and favorable mix. Q1 EPS was EUR 0.33 (EUR 0.14).

Business‑area performance

Industrial Measurements: strong quarter—orders EUR 60.4m (+17%), net sales EUR 59.7m (+24%) and EBIT margin ~21.3%. Weather & Environment: mixed—orders down 15% to EUR 61.1m, net sales up 18% to EUR 75.9m; EBIT margin ~6.9%. Aviation and meteorology were strong; renewable energy and roads weakened.

Cash, debt and balance sheet

Cash and equivalents EUR 100.8m; reported net debt EUR 27.8m. Interest‑bearing term loans outstanding: EUR 35m due 2026 and EUR 70m due 2027; EUR 50m RCF undrawn. Operating cash flow was EUR 18.7m in Q1. Dividend liability after the AGM: EUR 30.9m (dividend EUR 0.85/share).

Capital expenditure, R&D and people

Q1 capex EUR 4.9m (includes production, R&D and facilities); Vaisala is progressing a ~EUR 10m automated logistics center in Vantaa due by end‑2025. R&D spend was EUR 16.9m. Employees at end‑March: 2,464 (up from 2,313 a year earlier).

Acquisitions and strategic moves

Acquisitions closed in Q4/2024 (WeatherDesk, Speedwell Climate, Nevis Technology) boosted subscription revenue and contributed ~EUR 5m to Q1 sales. Leadership team changes were implemented from Jan 1, 2025.

Guidance and outlook

Vaisala reiterated 2025 guidance (assuming no major market shocks): net sales EUR 590–620m and EBITA EUR 90–105m. Management cautioned on market uncertainty (geopolitical tensions, trade policy risks) and expects uneven segment development (industrial & life science growth; renewable energy decline).

Key near‑term risks

Main risks highlighted: potential escalation of trade measures and tariffs, supply‑chain or component disruptions, cyber incidents, and customer budget/finance constraints that could delay large Weather & Environment projects.