Q1 2026 Vaisala Oyj Earnings Call Transcript
Key Points
- Vaisala Oyj (FRA:VAYA) reported a 7% growth in net sales in constant currency, indicating strong performance despite currency fluctuations.
- The company's order book ended at a higher level than the previous year, driven by a 10% growth in orders received in constant currency.
- Xweather segment continued its double-digit growth with a 12% increase in constant currencies, showcasing its expanding market presence.
- The introduction of new products like the Origo family and DMT-153 measurement probe highlights Vaisala Oyj's commitment to innovation and technological advancement.
- The company maintained a strong EBITDA margin of 15.1%, reflecting effective cost management and operational efficiency.
- Reported net sales growth was only 1% due to significant currency exchange rate impacts, highlighting vulnerability to currency fluctuations.
- The renewable energy segment, particularly wind, remained at a low level with no immediate signs of recovery, affecting overall growth potential.
- The EBITDA for the Xweather segment was slightly lower compared to the previous year due to high comparison figures from the first quarter of 2025.
- There were no significant changes in the business and market outlook, indicating potential stagnation in certain segments like meteorology and aviation.
- The company faces ongoing geopolitical risks and potential tariff changes, which could impact future financial performance and operational costs.
Hello and welcome to Vaisalast's first quarter audiocast and conference call. I'm Niina Alalopa from Vaisalast Investor Relations and today here with me are President and CEO Kai Uisteme and CFO Heli Lindfors.
First, Kai and Heli will present Vaisalast's first quarter key highlights and financials and then we will continue with Q&A.
So let's start. Kai.
Thank you, Nina, and welcome everybody from my side. This is Kai Ustemer.
So when we look at the first quarter for Vaisala, I would characterize it this way, that it was a very good, strong start of the year, especially driven by industrial measurements driving the results.
So if we start from net sales.
In constant currency, the net sales growth for the company was 7%.
In reported currency, that converts to 1%. And orders received similarly, if we take the constant currency first, it's 10% growth year on year, and in reported currency, 5%.
When you interpret the
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