Vaisala Corporation Interim Report January–September 2025: Strong sales and profitability in the third quarter

Core Insights - Vaisala Corporation reported strong sales and profitability in the third quarter of 2025, despite a decline in order intake [11][12] - The company anticipates full-year 2025 net sales to be between EUR 590–605 million and EBITA between EUR 90–100 million, reflecting a strategic shift from EBIT to EBITA in its financial outlook [4][17] Third Quarter 2025 Performance - Orders received amounted to EUR 119.6 million, a decrease of 21% year-on-year, while the order book stood at EUR 180.4 million, down 18% [7][9] - Net sales reached EUR 154.0 million, representing a 13% increase compared to the same period last year, with a 16% growth in constant currencies [9][12] - EBITA was reported at EUR 28.0 million, with a margin of 18.2% of net sales, while the operating result (EBIT) was EUR 25.7 million, accounting for 16.7% of net sales [9][10] January–September 2025 Overview - Total orders received for the first nine months were EUR 365.2 million, down 13% from the previous year, while net sales increased by 9% to EUR 434.6 million [9][10] - EBITA for the period was EUR 68.0 million, representing 15.7% of net sales, and the operating result (EBIT) was EUR 60.5 million, or 13.9% of net sales [9][10] Market Outlook - The industrial, life science, and power markets showed growth in the first three quarters, with expectations for continued development, although uncertainty remains [5][17] - Mature market segments such as meteorology and aviation are projected to decline, while the renewable energy market is expected to face challenges due to a slowdown in new projects [6][17] Business Segment Performance - The Industrial Measurements segment reported a 9% increase in orders received, with strong growth in the EMEA and APAC regions [13] - The Weather and Environment segment experienced an 18% increase in net sales, driven by large project deliveries and subscription sales, despite facing weak demand in the renewable energy market [14][16] Strategic Developments - The company acquired Quanterra Systems to enhance its capabilities in atmospheric monitoring of CO2 fluxes [15] - Subscription sales in the Xweather business grew by 57% in the third quarter, contributing positively to profitability [16]