Vaisala Oyj (0GEG) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.599 Hello and welcome to Vaisala's first quarter 2025 results call. 00:00:05.599 -- 00:00:10.506 I'm Niina Alaluopa from Vaisala's Investor Relations and today with me in this call are 00:00:10.506 -- 00:00:15.072 President and CEO Kai Östömö and CFO Heli Lindfors. 00:00:15.072 -- 00:00:19.899 So Kai Östömö will now present the first quarter results and after the presentation we 00:00:19.899 -- 00:00:22.540 have time for questions. 00:00:22.543 -- 00:00:26.806 So hello everybody and thanks for joining. 00:00:27.610 -- 00:00:32.036 As the headline says, We had a strong start of the year. 00:00:32.036 -- 00:00:37.043 And at the same time, obviously, when we kind of living through the 00:00:37.043 -- 00:00:39.826 first quarter, it was an 00:00:39.826 -- 00:00:43.551 increasing market uncertainty. 00:00:43.551 -- 00:00:48.778 There was almost like a no day without either a rumor 00:00:48.778 -- 00:00:54.243 or a change or a tweet in terms of what would be the anticipated 00:00:55.820 -- 00:01:02.051 import duties and so on, which then in the end were not implemented 00:01:02.051 -- 00:01:06.199 between our relevant geographies 00:01:06.199 -- 00:01:11.488 during the first quarter. Actually, the actual implementation dates only happened in 00:01:11.488 -- 00:01:16.949 April. So despite all the uncertainty and everything else, 00:01:16.949 -- 00:01:21.855 direct impact from tariffs were not visible during the first quarter. 00:01:21.855 -- 00:01:25.078 Obviously then the uncertainty, 00:01:25.078 -- 00:01:31.563 I'm sure, impacted our customers and investment 00:01:32.185 -- 00:01:38.031 decisions somewhat. Despite all that, we had, 00:01:38.031 -- 00:01:41.433 like I said, on all accounts, 00:01:41.720 -- 00:01:46.745 a strong start of the ...