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2020-07-21

Vaisala Corporation Half Year Financial Report January–June 2020

Vaisala Corporation         Half Year Financial Report                                           July 21, 2020 at 12.00 p.m. (EEST)

 

Vaisala Corporation Half Year Financial Report January–June 2020

Operating result improved despite decrease in net sales and orders received

Second quarter 2020 highlights

  • Orders received EUR 95.9 (98.0) million, decrease 2%
  • Order book at the end of the period EUR 145.3 (151.7) million, decrease 4%
  • Net sales EUR 91.4 (96.1) million, decrease 5%
  • Operating result (EBIT) EUR 7.9 (7.2) million, 8.7 (7.5) % 0f net sales
  • Earnings per share EUR 0.16 (0.14)
  • Cash flow from operating activities EUR -1.1 (-6.2) million

January–June 2020 highlights

  • Orders received EUR 185.6 (211.0) million, decrease 12%
  • Net sales EUR 178.6 (180.3) million, decrease 1%
  • Operating result (EBIT) EUR 13.1 (7.2) million, 7.3 (4.0) % 0f net sales
  • Earnings per share EUR 0.27 (0.15)
  • Cash flow from operating activities EUR 4.2 (1.7) million
  • Cash and cash equivalents at the end of the period EUR 62.2 (Dec 31, 2019: 56.4) million, increase 10%

On June 3, 2020, Vaisala’s Board of Directors appointed Kai Öistämö, b. 1964, as President and CEO. Öistämö starts at Vaisala latest on October 1, 2020.

Business outlook for 2020

Vaisala reiterates the business outlook that was published on April 21, 2020.
Vaisala estimates that its full-year 2020 net sales will be in the range of EUR 370–405 million and its operating result (EBIT) will be in the range of EUR 34–46 million.



Key figures              
MEUR 4-6/
2020
4-6/
2019
Change 1-6/
2020
1-6/
2019
Change 1-12/
2019
Orders received 95.9 98.0 -2% 185.6 211.0 -12% 419.4
Order book 145.3 151.7 -4% 145.3 151.7 -4% 139.0
Net sales 91.4 96.1 -5% 178.6 180.3 -1% 403.6
Gross profit 49.8 52.1 -4% 99.0 96.9 2% 221.2
Gross margin, % 54.5 54.2  55.4 53.7  54.8
Operating expenses 40.6 44.7 -9% 84.6 87.7 -4% 177.3
Operating result 7.9 7.2  13.1 7.2  41.1
Operating result, % 8.7 7.5  7.3 4.0  10.2
Result before taxes 7.0 6.5  11.9 6.7   40.2
Result for the ...
Författare Vaisala Group

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