Brief: Vaisala Q2 EBIT Rises To EUR 7.9 Million

Vaisala Oyj

21/07/2020 10:06

July 21 (Reuters) - Vaisala Oyj  VAIAS.HE :
    * REG-VAISALA CORPORATION HALF YEAR FINANCIAL REPORT
JANUARY–JUNE
2020
    * Q2 ORDERS RECEIVED EUR 95.9 (98.0) MILLION, DECREASE 2%
    * Q2 NET SALES EUR 91.4 (96.1) MILLION, DECREASE 5%
    * Q2 EBIT EUR 7.9 MILLION VERSUS EUR 7.2 MILLION YEAR AGO
    * VAISALA REITERATES BUSINESS OUTLOOK THAT WAS PUBLISHED ON
APRIL
21, 2020.
    * INDUSTRIAL MEASUREMENTS BUSINESS AREA'S FLAGSHIP MARKETS,
HIGH-END HUMIDITY AND HIGH-END CARBON DIOXIDE WERE MOST HIT BY
CONSEQUENCES OF COVID-19 PANDEMIC SUCH AS SUSPENSION OF
CUSTOMERS' OPERATIONS AND DELAYED DECISION MAKING, WHEREAS
SERVICE BUSINESS DEVELOPED POSITIVELY DURING FIRST HALF
    * DURING Q2 OF 2020, COVID-19 PANDEMIC PLAYED A MORE
SIGNIFICANT
ROLE RESULTING IN DECLINED CUSTOMER DEMAND FOR INDUSTRIAL
INSTRUMENTS IN INDUSTRIAL MEASUREMENTS BUSINESS AREA
    * VAISALA ESTIMATES THAT LOST ORDER INTAKE DURING FIRST HALF
OF
YEAR IS IN RANGE OF EUR 15-25 MILLION AND LOST NET SALES IN
RANGE OF EUR 5-15 MILLION

Source text for Eikon:  ID:nGNE6vvK3g 
Further company coverage:  VAIAS.HE 

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