Market development

Sky, clouds and a city below (aerial view)

Markets for high-end industrial instruments and life science are expected to grow moderately. Markets for power and energy, and liquid measurements are expected to grow.

Markets for renewable energy as well as roads and automotive are expected to grow. Market for aviation is expected to be stable or to grow. Market for meteorology is expected to be stable.

Uncertainty in the business environment is high due to weak economic outlook, high inflation, and increasing interest rates. The war in Ukraine and sanctions against Russia are not expected to have direct material impact on Vaisala’s operations, financial position or cash flow. The additional costs related to component spot purchases are expected to be insignificant by the end of 2023.

Half Year Financial Report January-June 2023, July 28, 2023