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Provider: Reuters Investment Profile

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Vaisala Oyj Lowers Net Sales and Operating Profit Outlook for FY 2013

Thursday, 10 Oct 2013 08:37am EDT 

Dow Jones reported that Vaisala Oyj changed its business outlook for fiscal year 2013 and lowered the outlook for both net sales and operating profit. The Company estimates its net sales to be in the range of EUR 270-286 million. The operating profit (EBIT) is expected to be in the range of EUR 20-30 million. The previous estimate read net sales estimated to be in the range of EUR 280-310 million and operating profit (EBIT) expected to be in the range of EUR 25-35 million at comparable exchange rates as compared to fiscal year 2012. Weather Business Area's net sales and order intake have been impacted by the realized budget sequestration in the USA and strained governmental finances in Europe throughout 2013. The federal government shutdown in the USA will have additional implications to order intake and delivery schedules resulting from the lack of necessary funding, government resources and infrastructure, and thus delaying the net sales generation. Controlled Environment Business Area's net sales and order intake have not developed in Japan nor in the USA as previously estimated. Also the weak market conditions in Europe have impacted the volumes delivered to European customers. The unfavorable currency exchange rate development of JPY and USD has in addition impacted negatively Vaisala's net sales and operating profit. 

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0.29 +1.12%
27 Mar 2015