Financial data

Year 2007 in brief

The Vaisala Group’s net sales grew by 1.5 percent from the previous year, and were 224.1 million euros. Net sales were slightly below expectations, due to a number of deliveries being postponed to 2008, ongoing development projects supporting the corporate strategy and the deterioration in the exchange rates.

Net sales increased particularly in the Asia-Pacific region, whereas sales in the USA were affected by the weakening of the U.S. dollar. Net sales performed favorably in the Vaisala Instruments and Vaisala Solutions business areas, while the net sales and profit of Vaisala Measurement Systems were less than expected.

A particularly positive achievement in 2007 was the launch of the Vaisala Weather Radar and the signing of the first delivery agreements. We were also able to work more efficiently thanks to the outsourcing of our radiosonde assembly in 2006, improvements in the efficiency of our procurements and utilization of common product platforms.

Many Group-wide changes were carried out in 2007. We defined a new strategy for Vaisala; one that focuses on the customer and aims for growth. We seek growth both organically and through selective company acquisitions. We will develop especially our service and solutions business and transform the instrument business model from a product-based concept into a customer segment-based one.

Vaisala maintained its strong market position in 2007, and aims to be the global market leader in its selected business areas also in the future. Thus, investment in the development of products and competitiveness will continue to be substantial. We expect the market situation to remain unchanged in 2008.

Investors

Financial data

Year 2007 in brief