Vaisala Corporation Interim Report January–March 2025

Core Insights - Vaisala Corporation reported a strong start to 2025, with improved net sales and profitability despite market uncertainties [7][12] - The company anticipates full-year 2025 net sales between EUR 590–620 million and EBITA between EUR 90–105 million [2][13] Financial Performance - Orders received in Q1 2025 were EUR 121.4 million, a decrease of 1% from EUR 123.2 million in Q1 2024 [4][6] - The order book at the end of Q1 2025 was EUR 212.5 million, an increase of 12% from EUR 190.4 million in Q1 2024 [4][6] - Net sales for Q1 2025 reached EUR 135.6 million, a 21% increase from EUR 112.1 million in Q1 2024 [4][6] - EBITA for Q1 2025 was EUR 20.5 million, representing 15.1% of net sales, compared to EUR 8.8 million (7.9%) in Q1 2024 [4][6] - Earnings per share increased by 130% to EUR 0.33 from EUR 0.14 in the previous year [4][6] Market Segments - The industrial and life science market segments experienced growth in Q1 2025, with expectations for continued development throughout the year [3][9] - The power market segment is also expected to grow, while the renewable energy market is projected to decline [3][10] - The meteorology and aviation market segments showed good performance, highlighted by a contract to deliver weather radars and a lightning detection network to Greece [10] Strategic Developments - The company has seen accelerated growth in its Xweather business, driven by recent acquisitions [7][10] - Subscription sales increased by 63%, supported by new acquisitions and organic growth [10] - A renewed Leadership Team has been established to drive the company's strategy forward [11]