Vaisala Oyj (0GEG) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.197 So more than half of this 00:00:03.197 -- 00:00:09.746 decrease is explained by changes in the currency exchange rates. 00:00:10.592 -- 00:00:15.762 Strong growth, but more interestingly, what's happening underlying 00:00:15.762 -- 00:00:21.328 on the top-level numbers is the strong growth in industrial measurements and 00:00:21.328 -- 00:00:27.177 in subscription sales, and at the same time, weak demand in 00:00:27.177 -- 00:00:31.403 renewable energy, which then impacted the 00:00:31.403 -- 00:00:35.148 net sales significantly on that side of the business as well. 00:00:35.148 -- 00:00:40.195 The gross margin on a good level, albeit a slight decline compared to kind of 00:00:40.195 -- 00:00:44.138 second quarter last year, and the gas conversion 00:00:44.441 -- 00:00:50.166 continued strong, and I'll show you a slide on that as well. 00:00:51.027 -- 00:00:55.315 Industrial measurements, a very good quarter. 00:00:55.315 -- 00:01:01.563 Growth continued in all geographic areas and all market segments. 00:01:01.908 -- 00:01:03.451 It's 00:01:03.451 -- 00:01:08.961 great to see. It has not been the case for quite some time in industrial measurements 00:01:08.961 -- 00:01:14.543 that I can actually say say that the growth really comes from all geographic 00:01:14.543 -- 00:01:19.691 areas and all market segments. In terms of orders received, increased 00:01:19.691 -- 00:01:24.399 compared to a very strong comparable year-on-year by 10%, 00:01:24.399 -- 00:01:28.264 and net sales correspondingly increased 00:01:28.264 -- 00:01:30.295 by the same 10%. 00:01:30.295 -- 00:01:35.706 The growth in America has continued strong, but it's 00:01:35.812 -- 00:01:41.169 clear growth also in Europe and in Asia, as well as in all market segments 0...