Vaisala (VAIAS) Q1 2026 earnings summary

Executive summary

• Net sales reached €137.0 million, up 1% year-over-year and 7% in constant currencies, driven by Industrial Measurements.

• Orders received increased 5% year-over-year (10% in constant currencies), with the order book up 6% from year-end 2025.

• Industrial Measurements segment delivered an excellent quarter, leading overall growth, while Xweather achieved double-digit growth in constant currencies.

• New product launches in modular indoor monitoring, ultra-dry process probes, and renewed weather services supported strategic growth.

• Geopolitical tensions and uncertainties are present but have had minimal impact so far.

Financial highlights

• Gross margin improved to 57.5% after three lower quarters, with EBITA margin stable at 15.1%.

• Earnings per share increased to €0.38, up 15% year-over-year, supported by lower financial expenses and reduced FX volatility.

• Cash flow from operating activities was €18.6 million, with free cash flow of €17 million and cash conversion at 1.0.

• Net cash position of €3.7 million, with gearing at -1.2% and solvency ratio at 53.4%.

• Cash and cash equivalents totaled €95.4 million at quarter-end.

Outlook and guidance

• Full-year 2026 net sales expected between €600–630 million (2025: €597 million), with EBITA projected at €95–110 million (2025: €94 million).

• Industrial, life science, and power markets expected to grow; meteorology and aviation to remain stable; renewable energy market softer.

• Xweather subscription sales markets expected to grow.

• Outlook excludes potential significant changes in market conditions.