Vaisala Oyj (0GEG) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

So more than half of this decrease is explained by changes in the currency exchange rates. Strong growth, but more interestingly, what's happening underlying on the top-level numbers is the strong growth in industrial measurements and in subscription sales, and at the same time, weak demand in renewable energy, which then impacted the net sales significantly on that side of the business as well. The gross margin on a good level, albeit a slight decline compared to kind of second quarter last year, and the gas conversion continued strong, and I'll show you a slide on that as well. Industrial measurements, a very good quarter. Growth continued in all geographic areas and all market segments. It's great to see. It has not been the case for quite some time in industrial measurements that I can actually say say that the growth really comes from all geographic areas and all market segments. In terms of orders received, increased compared to a very strong comparable year-on-year by 10%, and net sales correspondingly increased by the same 10%. The growth in America has continued strong, but it's clear growth also in Europe and in Asia, as well as in all market segments that we serve. slight decline in gross margin compared to exceptionally high level kind of same time last year, but well in the range that I can say that it was – I can be very happy about the gross margin as well as on the EBITDA level on industrial measurement side. Mixed inside of weather environment, weak market demand in renewable energy. So orders received decreased, as said, significantly when compared to strong comparison point, albeit a strong comparison point last year, 32%. and the order broke, consequently, 7% down compared to the end of last year. And then net sales decreased by 10% compared to th...