Market development

Sky, clouds and a city below (aerial view)

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

Markets for meteorology and ground transportation are expected to be stable. Aviation market is expected to recover towards pre-pandemic level. Renewable energy market is expected to continue to grow.

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. Inflation, weakening of economic development, as well as continuation of the pandemic and related shut down measures especially in China create uncertainty in economic environment. Weak visibility to component availability and component supply constraints are expected to continue throughout 2022, thus, additional material costs related to spot purchases are expected to remain at high level during the second half of 2022.

Half Year Financial Report January-June 2022, July 22, 2022