Core Insights - Vaisala Corporation reported mixed results for the second quarter of 2025, with growth in the Industrial Measurements segment but a decline in the renewable energy business [1][11][12] Financial Performance - In Q2 2025, orders received decreased by 16% to EUR 124.1 million compared to EUR 147.2 million in Q2 2024 [8][9] - The order book at the end of Q2 2025 was EUR 200.9 million, an increase of 2% from EUR 196.9 million in Q2 2024 [8][9] - Net sales for Q2 2025 were EUR 145.0 million, down 2% from EUR 148.4 million in Q2 2024 [8][9] - EBITA for Q2 2025 was EUR 19.6 million, representing a margin of 13.5% of net sales, compared to EUR 25.4 million and 17.1% in Q2 2024 [8][9][10] - Cash flow from operating activities increased significantly to EUR 14.4 million from EUR 7.7 million in Q2 2024 [10] Business Segments - The Industrial Measurements segment showed strong performance with a 10% increase in net sales, driven primarily by growth in the Americas region [11][13] - The Weather and Environment segment faced challenges due to weak demand in the renewable energy market, leading to decreased order intake and net sales [12][14] - Subscription sales in the Xweather business increased by 53% in Q2 2025, bolstered by acquisitions and organic growth [15] Market Outlook - The overall market for industrial, life science, and power sectors is expected to continue growing, while more mature segments like meteorology and aviation are anticipated to decline [6][7] - The renewable energy market is projected to decline due to a slowdown in new wind energy projects, with full-year net sales expected to be about EUR 15 million below the previous year [16][17] - Vaisala has adjusted its full-year 2025 net sales estimate to a range of EUR 590–605 million and EBITA to EUR 90–100 million, reflecting market uncertainties [4][18]