Vaisala’s Second Quarter Shows Strong Growth and Impressive Results! 
Measurement device manufacturer Vaisala released its second-quarter earnings report, which exceeded market expectations and increased the company’s stock value by 13.7% on Thursday. The company’s order books grew significantly in the first half of the year, and Vaisala recorded a record-breaking order backlog of €197 million at the end of June.
In the second quarter, Vaisala’s revenue grew by 13% compared to the previous year, reaching €148 million. Growth was particularly strong in the weather and environmental business areas, with significant increases in sectors such as aviation and road traffic markets, as well as in the electric power and energy sectors.
Vaisala’s operating profit nearly doubled from the previous year, rising to €23.7 million. This exceeded analysts’ forecasts, which were €16.4 million. The improvement in results was mainly due to a strong gross margin and continued cost control.
CEO Kai Öistämö stated that the company had improved profitability and increased continuous order and service sales. The company expects market recovery in the second half of the year and estimates its 2024 revenue to be between €540–570 million. Evli expects Vaisala’s earnings per share to rise this year to €1.61 from €1.35 last year.