Inside information: Vaisala adjusts its net sales estimate and decreases its operating result estimate for 2023 and publishes preliminary orders received, net sales, gross margin, and operating result for Q2 2023
17 Luglio 2023 - 8:00AM
Inside information: Vaisala adjusts its net sales estimate and
decreases its operating result estimate for 2023 and publishes
preliminary orders received, net sales, gross margin, and operating
result for Q2 2023
Vaisala CorporationInside informationJuly 17, 2023, at 9:00 a.m.
(EEST)
Inside information: Vaisala adjusts its net sales
estimate and decreases its operating result estimate for 2023 and
publishes preliminary orders received, net sales, gross margin, and
operating result for Q2 2023
Vaisala Corporation adjusts its net sales estimate and decreases
its operating result estimate for 2023. Vaisala now estimates its
full-year 2023 net sales to be in the range of EUR 530–560 million
and operating result (EBIT) to be in the range of EUR 65–75
million.
Uncertainty in the business environment originating from weak
economic outlook and high inflation has slowed down industrial
activity especially in the US and China. Consequently, second
quarter demand for products and services as well as net sales for
Industrial Measurements business area were lower than expected due
to customers postponing their investment decisions. Price
competition was more intense than expected especially in China,
which burdened Industrial Measurements business area’s gross margin
in addition to unfavorable product mix.
Demand for products and solutions for Weather and Environment
business area continued strong especially in roads and automotive
as well as in renewable energy market segments. Growth of
subscription sales also continued very strong. Higher share of more
profitable product business and growth of subscription sales
improved business area’s gross margin.
Investments in sales and marketing as well as in R&D and IT
system renewal continued in both business areas increasing
operating expenses even though more moderately than during previous
quarters. Negative impact of additional costs related to component
spot purchases decreased during the second quarter according to
expectations.
Vaisala’s second quarter 2023 and January–June 2023 preliminary
orders received, net sales, gross margin, and operating result
(EBIT) were:
Orders received
EUR million |
Q2/2023 |
Q2/2022 |
1-6/2023 |
1-6/2022 |
Industrial Measurements |
52.6 |
56.2 |
112.6 |
111.0 |
Weather and Environment |
76.6 |
67.2 |
148.7 |
131.2 |
Vaisala |
129.3 |
123.4 |
261.3 |
242.2 |
Net sales
EUR million |
Q2/2023 |
Q2/2022 |
1-6/2023 |
1-6/2022 |
Industrial Measurements |
52.8 |
54.7 |
115.8 |
107.8 |
Weather and Environment |
78.0 |
65.9 |
146.8 |
131.6 |
Vaisala |
130.8 |
120.5 |
262.6 |
239.3 |
Gross margin
% |
Q2/2023 |
Q2/2022 |
1-6/2023 |
1-6/2022 |
Industrial Measurements |
59.7 |
63.2 |
61.3 |
63.7 |
Weather and Environment |
51.9 |
48.8 |
51.1 |
49.2 |
Vaisala |
55.1 |
55.3 |
55.6 |
55.7 |
Operating result (EBIT)
EUR million |
Q2/2023 |
Q2/2022 |
1-6/2023 |
1-6/2022 |
Industrial Measurements |
6.8 |
11.5 |
21.8 |
26.1 |
Weather and Environment |
4.9 |
-1.1 |
3.2 |
1.8 |
Vaisala |
11.9 |
10.3 |
25.2 |
27.9 |
Vaisala’s previous business outlook for 2023 as published on May
5, 2023, was:Vaisala estimates its full-year 2032 net sales to be
in the range of EUR 530–570 million and its operating result (EBIT)
to be in the range of EUR 70–85 million.
Vaisala will publish its Half Year Financial Report January–June
2023 on Friday, July 28, 2023.
Additional informationPaula Liimatta+358 9 8949
2020, ir@vaisala.com
DistributionNasdaq HelsinkiKey
mediavaisala.com
Vaisala is a global leader in weather,
environmental, and industrial measurements. Building on over 85
years of experience, Vaisala provides observations for a better
world, with space-proof technology even exploring Mars and beyond.
We are a reliable partner for customers around the world, offering
a comprehensive range of innovative observation and measurement
products and services. Headquartered in Finland, Vaisala employs
over 2,000 professionals worldwide and is listed on the Nasdaq
Helsinki stock exchange. vaisala.com twitter.com/VaisalaGroup
linkedin.com/vaisala
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