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Value for Investors

Value for Investors

Vaisala is a stable, globally operating company based in Finland. The company’s series A shares have been quoted on Nasdaq Helsinki stock exchange since 1994. Vaisala’s target is to maintain high solvency and to pay a stable dividend which will increase in line with net profit development.

Why Invest in Vaisala?

1. Technology Leader and Strong Market PositionTechnology Leader and Strong Market Position

• Leading technologies in environmental and industrial sensing with most accurate and reliable instruments; core capability in in-house sensor design and manufacturing
• Clear market leadership position in key products, high customer satisfaction, estimated total market size over EUR 2 billion
• High continuous investments in R&D (2018: 45.4 MEUR or 13.0% of net sales)

2. Growth from Multiple DimensionsGrowth from Multiple Dimensions

• New technologies
• New products and applications by leveraging current technologies and platforms
• Geographical expansion

3. Well Diversified Sales MixWell Diversified Sales Mix

• Vaisala is a global player in its relevant markets with representatives in more than 100 countries
• 2018 geographical net sales split: 39% Americas | 29% EMEA | 31% APAC
• Several customer segments in governmental and private sectors

4. Asset-light Business ModelAsset-light Business Model

• High-mix–low-volume business model
• Sales growth does not require capex: related annual capex around EUR 10 million
• Potential for productivity improvement with volume growth

5. Strong Cash Generation and Financial PositionStrong Cash Generation and Financial Position

• Enable investing in growth and long-term business development
• Strong cash conversion rate (2018: 1.2)
• Solvency ratio 55.6% (2018)
• Gearing -17.6% (2018)

6. Solid Dividend PayerSolid Dividend Payer

• Aim to distribute a stable dividend which will increase in line with net profit development
• Dividend per share for the last five years paid at the average rate of 103% on earnings, and the average effective dividend yield of share 3.9%

7. Sustainable Technologies in a Responsible WaySustainable Technologies in a Responsible Way

• Reliable partner, whose corporate responsibility work has been recognized, for example, by CDP and RE100
• Member of several organizations that promote responsible business, such as Climate Leadership Coalition, Cleantech Finland, and the Caring for Climate initiative of the UN Global Compact
• Technologies and products that contribute to building better informed, safer and more resource efficient societies