Vaisala Oyj (0GEG) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to Vaisala's fourth quarter and full year 2025 audio cast and results call. I am Niina Alaluopa from Vaisala's Investor Relations, and today in this call with me are President and CEO Kai Öystämä, CFO Heli Lindfors, and Chair of the Board Ville Voipio. We have today published our financial statement release, and Kai will first go through the results, and then we have time for questions. Thank you, Nina, and welcome for everybody from my side as well. So, as the headline says, strong performance in 2025, and on a highlight in the fourth quarter really being the orders received improving, and If we look at the actual what happened in the year, in the quarter, maybe I'll start with just if we were to teleport ourselves into beginning of 2025, just to remind you what kind of a year we were thinking that we would face and what was the reality. So we had a plan as a company to grow on the renewable energy on the back of many years of good success, building on that, and the outlook, albeit a little bit more muted growth on renewable energy investments, but nevertheless continuing the growth. when US elections have happened, but the speculations on trade wars, import duties, things of that nature, were on the scenarios, but not the most likely ones, still in early January. And then there was really I think not really much of a speculation which is hard to have the speculation on how volatile the currency exchange rates became during the year. And what a rollercoaster ride in 2025. First thing is, what happened was that the renewable energy market for us really plummeted quite a bit, creating a big hole from the get-go in the year, remembering that this had been one of the growth drivers for the company and a very profitable one as well. So that kind of wen...