Vaisala Reports Lower First Quarter Net Sales Despite Challenges; Committed to Its Mission for Climate Action

On April 11, 2024, at 9:00 a.m. (EEST), Vaisala Group published preliminary net sales figures for the first quarter of 2024. The company reported EUR 112 million in net sales, down from EUR 132 million in the same period last year. Despite this decline, Vaisala reaffirmed its full-year 2024 business outlook, predicting net sales in the range of EUR 530–570 million and an operating result (EBIT) in the range of EUR 63–78 million.

Market activity during the first quarter was expected to be similar to the second half of 2023, but industrial actions in Finland and the implementation of a new ERP system had a negative impact on Vaisala’s net sales for the quarter. As a result, the operating result (EBIT) for the first quarter is predicted to be significantly lower than the previous year. However, despite these challenges, Vaisala remains committed to its mission of equipping customers with devices and data to improve resource efficiency, drive energy transition, and ensure the safety and well-being of people worldwide.

Vaisala has been innovating for almost 90 years and has built expertise in measurement instruments and intelligence for climate action. With over 2,300 experts dedicated to taking measures for the planet, Vaisala’s series A shares are listed on the Nasdaq Helsinki stock exchange. The company plans to release its January-March 2024 Interim Report on May 3, 2024.