Brief: Vaisala Decreases Its Operating Result Estimate For 2023

Vaisala Oyj

17/07/2023 07:06

July 17 (Reuters) - Vaisala Oyj  VAIAS.HE :
    * ADJUSTS ITS NET SALES ESTIMATE AND DECREASES ITS OPERATING
RESULT ESTIMATE FOR 2023
    * PUBLISHES PRELIMINARY ORDERS RECEIVED, NET SALES, GROSS
MARGIN,
AND OPERATING RESULT FOR Q2 2023
    * NOW ESTIMATES ITS FULL-YEAR 2023 NET SALES TO BE IN RANGE
OF EUR
530-560 MILLION
    * NOW ESTIMATES ITS FULL-YEAR 2023  OPERATING RESULT (EBIT)
TO BE
IN RANGE OF EUR 65-75 MILLION
    * UNCERTAINTY IN BUSINESS ENVIRONMENT ORIGINATING FROM WEAK
ECONOMIC OUTLOOK AND HIGH INFLATION HAS SLOWED DOWN INDUSTRIAL
ACTIVITY
    * Q2 DEMAND FOR PRODUCTS AND SERVICES AS WELL AS NET SALES
FOR
INDUSTRIAL MEASUREMENTS BUSINESS AREA WERE LOWER THAN EXPECTED
    * CUSTOMERS POSTPONING THEIR INVESTMENT DECISIONS
    * PRICE COMPETITION WAS MORE INTENSE THAN EXPECTED
ESPECIALLY IN
CHINA, WHICH BURDENED INDUSTRIAL MEASUREMENTS

Source text for Eikon:  ID:nGNE9wDZ53 
Further company coverage:  VAIAS.HE 

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