Vaisala Oyj (0GEG) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Vaisalas third quarter results call. I'm Niina Alaluopa from Vaisalas Investor Relations and today with me in this call are President and CEO Kai Östämä and CFO Heli Lindfors. And like always, first Kai will present the results and then we have time for questions. Hello and welcome everybody from my side as well. Vaisala had a good third quarter, strong sales and profitability as the headline says. So let's dive a little bit deeper. Where did it come from and what are the details behind? So first notion, the net sales growth was strong, 13% in reported currency, which can be characterized really as strong sales in a quarter. The orders received simultaneously declined by 21% and leading into a decline in the order book. Whilst when going back to the financial performance, we maintain a very solid profitability, 18.2% EBITDA margin. And if I exclude extraordinary items due to the restructuring and so on, actually the EBITDA margin was 20%, which I think is all time high for us in terms of an EBITDA margin, if I recall right. Really happy on industrial measurements on the demand picture and now clearly also broader than earlier and on demand and on the other hand, weather environment side. more challenging market environment. And I'll talk about both in detail in the coming slides. And really happy on the subscription sales growth continued to be very strong, 57% year on year, and also the underlying organic growth on a very healthy level. And as I said in the release already, it was great to see also subscription sales now contributing positively also to the profitability of the company. The market environment continued to be challenging. If you think about the entire third quarter, inside of the third quarter, it started with the tariff changes a...