Vaisala Oy

Latest Results (07.07.2026):

Vaisala Oy's Fourth quarter 2025 results: Q4 orders received rose to EUR 152.0m (▲5% YoY; ▲10% in constant currencies) while Q4 net sales were EUR 162.3m (▼3% YoY; 0% in constant currencies). Q4 EBITA was EUR 26.1m (16.1% margin) and earnings per share EUR 0.50. For the full year January–December 2025, Vaisala Oy reported net sales EUR 596.9m (▲6%), EBITA EUR 94.2m (15.8%) and cash flow from operations EUR 90.4m; the Board proposes a dividend of EUR 0.86 per share.

Orders and order book

Q4/2025 orders received: EUR 152.0m (+5% YoY; +10% cc). Full-year orders: EUR 517.2m (▼9% YoY; ▼7% cc). Order book at Dec‑31/2025: EUR 185.8m (▼14% vs. year‑end 2024), with ~76% scheduled for delivery in the current year.

Revenue and profitability

Q4/2025 net sales: EUR 162.3m (▼3% YoY; flat in cc). Q4 EBITA: EUR 26.1m (16.1% margin); Q4 operating result (EBIT) EUR 24.5m (15.1%). FY 2025 net sales: EUR 596.9m (▲6%); FY EBITA: EUR 94.2m (15.8%). Margins were modestly pressured by FX, US tariffs and a decline in high‑margin renewable‑energy sales.

Cash, leverage and cash flow

Cash and cash equivalents at Dec‑31/2025: EUR 92.8m. Net debt EUR 14.3m (improved vs. prior year). Cash flow from operating activities: Q4 EUR 31.5m; FY EUR 90.4m. Interest‑bearing borrowings totaled EUR 85.0m; covenants were met at year‑end.

Industrial Measurements — strong momentum

Industrial Measurements delivered a strong quarter: Q4 orders EUR 71.3m (+13% YoY; +21% cc) and Q4 net sales EUR 65.5m (flat reported; +7% cc). FY orders +12% and FY net sales +9% — high margins (EBITA ~21% for FY) and broad growth across industrial, life‑science and power segments.

Weather & Environment — mixed, subscriptions growing

Q4 Weather & Environment orders roughly flat (EUR 80.8m) but Q4 net sales down to EUR 96.9m (▼6%). Full‑year orders in the segment fell sharply (▼23%) driven by weak renewable‑energy demand and normalization in meteorology/aviation, while subscription sales grew strongly (+50% FY) and supported revenue.

Subscriptions and acquisitions

Subscription sales: Q4 EUR 15.5m (+31% YoY) and FY EUR 58.4m (+50% YoY); organic subscription growth was positive (single‑ to low‑double digits in cc). Acquisitions (WeatherDesk, Speedwell, Nevis, Quanterra) contributed ~EUR 18.6m to FY net sales and expanded Xweather and greenhouse‑gas capabilities.

Dividend and 2026 outlook

The Board proposes a dividend of EUR 0.86 per share (proposed vs. EUR 0.85 paid in 2025). Guidance for FY 2026: net sales EUR 600–630m and EBITA EUR 95–110m (Vaisala Oy expects continued Industrial Measurements growth and subscription expansion; traditional meteorology/aviation markets to remain stable).

Main near‑term risks

Key risks highlighted: FX depreciation (USD, CNY), potential trade/tariff escalation (US tariffs already impacted results), continuing weakness in renewable‑energy project demand, order timing volatility in Weather & Environment, supply‑chain or component shortages, and execution risks for acquisitions and restructurings.