A Finnish company got in on the hot business – “Growth continues”

On Friday morning, its interim report made public measurement technology company Vaisala received new orders at comparable exchange rates at the beginning of the year, no less than ten percent more than a year ago.

“Industrial measuring devices in particular grew very strongly. At comparable exchange rates, the increase in orders for industrial measuring devices was 17 percent”, CEO of Vaisala Kai Öistämö told Kauppalehti live Economic morning on Friday.

According to Öistämö, the largest customer groups in the segment in question include health technology, i.e. for example the globally growing pharmaceutical industry. According to him, the orders were also increased especially by things related to artificial intelligence.

“We do a lot of things directly to data centers around the world. In addition, we have a very strong position in microchip and memory manufacturers and in connection with the transmission of electricity or actually transformers that the data centers also drive”, Öistämö answered the question about where the increase in orders comes from more precisely.

Vaisala kept its guidance unchanged, and for this year growth is expected in both net sales and ebita operating result. According to Öistämö, growth is driven by the mentioned megatrends, i.e. data centers and health technology.

“We believe that the growth will continue,” Öistämö said.

The Iran war that flared up at the end of February has shaken the markets and increased uncertainty. However, according to Öistämö, the crisis in the Middle East does not have a direct impact on Vaisala, at least for now. According to him, there have been no indirect effects either.

“We are often quite post-cyclical in our own operations. On the other hand, I would say that if we look at health technology, data centers or electricity grid investments, they may not be the first to be affected by such shocks,” Öistämö said.

“Of course, if this continues for a long time, then it will have unpredictable consequences,” he added.

The economic morning was hosted by a journalist Heidi Huotilainen.

S‑Pank’s portfolio manager Jyrki Nyberg, reviewing the results reports, and Janne Salakka, public relations manager of Kiinteistöliitto, also visited the broadcast of the day, opening up about the effects of the support measures for renovations, which were lined up in the frame rush, on housing companies. You can watch Friday’s Economic Morning in its entirety below.