Half Year 2026 Vaisala Oyj Earnings Call Transcript
Key Points
- Vaisala Oyj (VAIAF) reported a strong 11% increase in order intake, driven by extraordinary demand in industrial measurements.
- The X-Weather segment achieved a 15% year-on-year growth in constant currency, showcasing robust performance.
- The acquisition of AI weather company Atmo Inc. is expected to enhance Vaisala's capabilities in weather forecasting using AI.
- The launch of the innovative Presicap product, which offers advanced rain measurement capabilities, highlights Vaisala's commitment to innovation.
- The company's EBITDA improved to 14.6 percentage points, supported by increased sales and a favorable sales mix.
- The weather, energy, and environment segment experienced a muted quarter with a slight decline in orders received.
- Despite the growth in orders, the net sales increase was only 4% or 6% in constant currency, indicating potential challenges in converting orders to sales.
- Operating expenses increased by 8 percentage points, driven by investments in sales, marketing, and R&D, which could impact short-term profitability.
- The acquisition of Atmo Inc. involved a significant financial commitment, raising concerns about the long-term payback period.
- The ARR for X-Weather did not grow quarter-on-quarter, affected by seasonality and exchange rate fluctuations.
Hello, and welcome to Vaisala's second quarter and January-June 2026 results call. I'm Nina Alaluopa from Investor Relations and today with me in this call are President and CEO Kai Oostamer and CFO Helly Lindfors.
Like always, first Kai and Helly present the results and then we proceed to Q&A.
Kai, you may start now.
So sorry about this. So I heard that there have been some audio problems. So maybe I'll restart and so that everybody can hear what I say and hopefully the technical challenges are overcome in a second. So as I was saying, a very strong orders received in the quarter.
We continued to perform across the company very well, and really the order intake was really driven by extraordinary demand in terms of industrial measurements, and that drove the company's order intake to increase 11% compared to the year before.
X-Weather continued on
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