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Väisälä

		Stagnant demand, low public sector investment and strong euro necessitated continuous efforts to improve efficiency. Read the CEO's review

		Vaisala actively partners with customers, universities and research institutes to complement its core competencies. Read more about the Vaisala Group

Vaisala launched a further education program and developed its innovation management processes together with partners.

Read more about Vaisala's personnel

Avainluvut 2004

Net sales	M€	180.6
Operating profit	M€	23.8
Result before extraordinary items, provisions and taxes	M€	24.1
Return on eguity (ROE)	%	12.4
Return on investment (ROI)	%	17.6
R&D expenditure	M€	22.3
Orders received	M€	173
Order book	M€	53
Average personnel		1 092
Earnings/share (EPS)	€	0.97
Cash flow from business operations/share	€	2.06
Dividend/share (* = proposal by the Board)	€	*0.75
Financial Statements for 2004

Väisälän tuotteet maailmalla

No significant change is expected: slight improvement in net sales and profitability is possible.

Board of Directors' report

Yhtiökokous 22.3.2005

The Annual General Meeting of Vaisala Oyj will be held on Tuesday March 22, 2005, at 5 p.m. at the company's head office in Vantaa, Finland.

Information for shareholders

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