Vaisala Corporation Interim Report October 28, 2022 at 9:00 am (EEST)
Vaisala Corporation Provisionally report yesrecently-September 2022
Excellent performance in the third quarter, business outlook for 2022 was upgraded on October 14th
third quarter 2022 highlights
- Order intake EUR 137.2 (109.9) million, increase of 25%
- Order backlog at the end of the period EUR 187.7 (164.8) million, up 14%
- Net sales EUR 133.3 (111.5) million, up 20%
- Operating result (EBIT) EUR 22.0 (19.2) million, 16.5 (17.3) % of net sales
- Earnings per share EUR 0.44 (0.44).
- Cash flow from operating activities EUR 7.3 (19.6) million
January-September Highlights 2022
- Order intake EUR 394.1 (336.2) million, increase of 17%
- Net sales EUR 372.6 (312.9) million, up 19%
- Operating result (EBIT) EUR 49.9 (38.3) million, 13.4 (12.2) % of net sales
- Earnings per share EUR 1.00 (0.87)
- Cash flow from operating activities EUR 7.1 (48.9) million
- Vaisala acquired the US company AerisWeather for a purchase price of 23 million euros
market development and business Ooutlook for 2022
The markets for high-end industrial instruments, life science, power industry and liquid metering are expected to continue to grow.
The markets for meteorology and ground transportation are expected to be stable. The aviation market is expected to recover to pre-pandemic levels. The renewable energy market is expected to continue growing.
The war in Ukraine and the sanctions against Russia are not expected to have a direct, material impact on Vaisala’s business, financial condition or cash flows. Uncertainty in the business environment remains high due to the weakening economic outlook and rising inflation. The global shortage of components is expected to continue in the fourth quarter of 2022, causing additional material costs.
Vaisala reiterates the business outlook published on October 14, 2022:
Vaisala estimates that its full year 2022 net sales will be in the…
