Slide 1: Net sales growth 4% and improved operating result, updated market outlook
Net sales growth 4% and improved operating result, updated market outlook due to coronavirus situation Interim Report January–March 2020 President and CEO Kjell Forsén
Slide 2: First quarter 2020 highlights
First quarter 2020 highlights Orders received EUR 89.7 (113.0) million, -21% Order book EUR 141.6 (150.9) million, -6% Net sales EUR 87.2 (84.2) million, +4% Gross margin 56.4 (53.2) % Operating result EUR 5.2 (-0.0) million, 6.0 (-0.0) % of net sales Earnings per share EUR 0.11 (0.01)
Slide 3: Vaisala Q1 orders received decreased by 21%
Vaisala Q1 orders received decreased by 21% MEUR 120 113.0 105.1 103.3 98.0 -22% 100 with comparable 36.8 89.7 34.5 rates 37.1 80 34.8 37.5 60 40 76.2 Comparison 70.7 66.2 63.2 period included 52.2 20 two large orders 0 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Weather and Environment Industrial Measurements 3
Slide 4: Vaisala Q1 order book decreased by 6% Y/Y
Vaisala Q1 order book decreased by 6% Y/Y MEUR 160 150.9 151.7 154.4 16.2 139.0 141.6 18.2 17.4 19.1 +2% Q/Q 16.8 Book-to-bill 1.0 120 80 132.8 134.3 138.3 122.3 122.5 Excluding Ethiopia project 40 order 0 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Weather and Environment Industrial Measurements 4 28-Apr-20 Inte
Slide 5: Vaisala Q1 net sales increased by 4%
Vaisala Q1 net sales increased by 4% MEUR 118.1 Net sales by region 120 105.2 14.9 96.1 +2% 100 12.0 87.2 with comparable 84.2 12.0 23.2 rates 80 21.7 13.7 13.0 16.9 39% 37% 11.5 14.6 (39) 60 (32) Growth in EMEA 40 80.0 26% 67.3 71.5 59.7 58.9 24% 20 (29) 0 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Americas APA
Slide 6: Vaisala Q1 operating result strong
Vaisala Q1 operating result strong MEUR 60 20.0 1.7 MEUR 48.9 amortization 50 15.5% of intangible 44.7 44.0 16.0 43.0 15.0% assets 40.7 40 12.0 Gross margin 30 improved by 3 pp. 7.5% 8.0 20 16.3 17.7 6.0% 4.0 10 7.2 5.2 -0.0 -0.0% 0 0.0 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Operating result Operating expens
Slide 7: Increase in capital expenditure impacted Q1 cash flow
Increase in capital expenditure impacted Q1 cash flow MEUR 10.0 8.1 Cash and cash equivalents 8.0 End Q1/2020: 52.9 MEUR 6.0 End Q4/2019: 56.4 MEUR 4.0 End Q1/2019: 75.6 MEUR 4.0 2.7 2.2 2.6 2.3 2.0 0.2 0.0 -0.5 -0.2 -0.8 -1.2 -2.0 -4.0 -3.2 -2.9 -3.2 -4.4 -6.0 -8.0 -7.7 -10.0 Result for the Non-cas
Slide 8: Strong financial position
Strong financial position MEUR 1-3/ 2020 1-3/2019 2019 Equity per share 5.55 4.52 5.52 Return on equity % 8.1 0.4 17.7 Solvency ratio % 56.5 48.1 55.7 Capital expenditure 7.8 4.4 26.8 Cash and cash equivalents 52.9 75.6 56.4 Interest-bearing liabilities 52.0 50.7 51.5 Gearing % -0.5 -15.3 -2.4 8 28-
Slide 9: Business areas
Business areas
Slide 10: Weather and Environment Q1 – good gross margin
Weather and Environment Q1 – good gross margin Orders received decreased by 31% MEUR Q1/20 Q1/19 Change Order book flat Q/Q - Decrease with comparable FX rates 32% Book-to-bill 1.0 Orders received 52.2 76.2 -31% - Comparison period included two large project Order book 122.5 132.8 -8% orders, tota
Slide 11: Industrial Measurements Q1 – operating result margin strong 21.4%
Industrial Measurements Q1 – operating result margin strong 21.4% Orders received increased by 2% Order intake not impacted by MEUR Q1/20 Q1/19 Change - Flat with comparable FX rates corona Orders received 37.5 36.8 2% Order book increased by 5% Order book 19.1 18.2 5% - EUR 17.1 (16.5) million
Slide 12: Market outlook and business outlook
Market outlook and business outlook
Slide 13: Market outlook 2020
Market outlook 2020 Market outlook is affected by the coronavirus pandemic and related economic slow-down. Weather and Environment Industrial Measurements Climate change and severe weather events drive need for In industrial measurements, increasing focus on energy and continued replacement and
Slide 14: Business outlook 2020
Business outlook 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. MEUR Net sales MEUR Operating result 450 50 40 400 403.6 40.9 38.9 41.1 32.8* 30 29.6 350 348.8 332.6 20
Slide 15: Questions welcome!
Questions welcome!
Slide 16: VAISALA
VAISALA