Vaisala - Interim report (Q1 and Q3)

Vaisala Group Financial Statement Bulletin January-September 2012

Vaisala Corporation     Stock Exchange Release     November 1, 2012 at 2.00 p.m.


July-September performance continues on good level. Financial guidance
unchanged.

July-September highlights
   - Orders received EUR 74.3 (79.5) million, decrease 7%
   - Order book EUR 129.2 (136.9) million, decrease 6%
   - Net sales EUR 69.5 (62.6) million, increase 11%
   - Operating result EUR 5.3 (0.9) million
   - Earnings per share EUR 0.16 (0.11)
   - Cash flow from business operations EUR 9.1 (6.8) million
   - Liquid funds EUR 55.8 (30.7) million

January-September highlights
   - Orders received EUR 198.6 (191.3) million, increase 4%
   - Net sales EUR 203.6 (183.3) million, increase 11%
   - Operating result EUR 17.7 (3.1) million
   - Earnings per share EUR 0.66 (0.08)
   - Cash flow from business operations EUR 26.7 (19.5) million

Comments on July-September

In July-September 2012, net sales were EUR 69.5 million and showed an increase
of 11% from previous year. Weather Business Area net sales were EUR 48.9 million
and increased by 9% year-on-year. Controlled Environment Business Area net sales
were EUR 20.8 million and increased by 16% year-on-year.

In July-September 2012, net sales in EMEA increased by 10%, in Americas by 9%
and in APAC by 15% year-on-year.

Orders received were EUR 74.3 million in July-September 2012 and decreased by
7% year-on-year. The order book was EUR 129.2 million, 6% lower than at the end
of September 2011.

The operating result for July-September 2012 was EUR 5.3 million and increased
by EUR 4.4 million or by 517% from previous year's EUR 0.9 million. The increase
in the profit was driven by higher sales as well as favorable product mix. Also
the ongoing efficiency and process improvement programs together with the
development of delivery project management are improving profitability. Weather
Business Area operating result was EUR 3.0 million and increased by EUR 4.5
million from EUR -1.5 million in previous year, due to higher sales as well as
favorable product mix. Controlled Environment Business Area operating result was
EUR 3.0 million and increased by 15% from previous year's EUR 2.6 million.

Key Figures (unaudited)

                                      7-9   7-9 Change   1-9   1-9 Change  1-12

                                     2012  2011      %  2012  2011      %  2011

                                     MEUR  MEUR         MEUR  MEUR         MEUR
-------------------------------------------------------------------------------
 Net sales, Group                    69.5  62.6     11 203.6 183.3     11 273.6

 Weather                             48.9  44.7      9 146.7 130.0     13 201.8

 Controlled
 Environment                         20.8  17.8     16  56.9  53.3      7  71.7

 Orders received                     74.3  79.5     -7 198.6 191.3      4 278.8

 Order book                         129.2 136.9     -6 129.2 136.9     -6 134.3

 Operating result, Group              5.3   0.9    517  17.7   3.1    466  16.1

 Weather                              3.0  -1.5    307  10.8  -4.1    361   5.9

 Controlled
 Environment                          3.0   2.6     15   8.3   8.7     -4  10.5

 Eliminations and
 other                               -0.7  -0.3   -153  -1.4  -1.5      6  -0.3

 Result before taxes                  4.9   2.2    118  17.5   2.2    687  16.1

 Net result for review period         2.8   2.0     44  11.9   1.4    724  10.4

 % of Net sales

 Operating result,
 Group                               7.7%  1.4%         8.7%  1.7%         5.9%

 Result before taxes                 7.1%  3.6%         8.6%  1.2%         5.9%

 Net result for review
 period                              4.1%  3.1%         5.8%  0.8%         3.8%

 Earnings per share                  0.16  0.11     46  0.66  0.08    728  0.57

 Return on equity                    8.7%  1.1%         8.7%  1.1%         5.7%

 Cash flow from business operations   9.1   6.8     34  26.7  19.5     37  37.6

 Liquid funds at end of period       55.8  30.7     82  55.8  30.7     82  45.5




President and CEO Kjell Forsén on Vaisala's result:"Vaisala's good development continued in the third quarter with net sales growth
amounting to 11% and operating result increasing from EUR 0.9 million to EUR
5.3 million. Orders received went down by 7%, and the order book decreased,
still, however, remaining at a good level.

Both of Vaisala's businesses did well. Their net sales growth was further
boosted by currency effects, and the operating result was positively impacted by
favorable product mix and strong execution by Vaisala's highly committed
employees.

Net sales increased in all regions on a year-on-year basis and growth was
strongest in the APAC region. In our Weather business we saw the biggest growth
in Meteorology and New Weather Markets customer groups. Meteorology made
specific progress in China where we have been able to enter into the
meteorological weather station market together with our local partners.

Of our Controlled Environment customer groups Life Science continued to lead the
growth with solid performance in North America but also with promising openings
in Asia and Europe.

Vaisala's cash flow strengthened by 34% to EUR 9.1 million, and liquid funds
increased to EUR 55.8 million, which implies a strong and solid position for the
Company.

Going forward, both the weather and industrial markets remain volatile and are
subject to uncertainty. So far, the seasonality of net sales has been different
this year in comparison with previous years. Our guidance for the full year
2012 remains unchanged."

Market outlook

Uncertainty in the global economy and financial crises are expected to affect
Vaisala's business. Based on the structure of Vaisala's customer base and the
orders rece­ived, the Company's market situation is expected to remain
materially unchanged in 2012.

Financial guidance

Vaisala expects its net sales in 2012 to stay at the same level as in the
preceding year. The operating result is expected to improve. Net sales in 2011
were EUR 273.6 million and operating result was EUR 16.1 million.

Achieving the guidance is subject to sales mix, project progress and
completions, fluctuation in foreign exchange rates as well as the development of
the world economy and financial markets.

Vaisala's long-term business outlook remains unchanged.

Disclosure procedure

This is a summary of Vaisala's January-September 2012 Interim Report. The
complete report is attached to this release as a .pdf file and also available at
Vaisala website at www.vaisala.com/investors. (Re. Standard 5.2b published by
the Finnish Financial Supervision Authority.)

Briefing and webcast

Briefing for analysts and media will be arranged in Tapahtumatalo Bank,
Unioninkatu 20 in Helsinki starting at 4 p.m today. Please register to the
briefing by e-mail to helena.marjaranta@vaisala.com.

The presentation of Kjell Forsén, President and CEO, at the briefing will be
audiocast live at www.vaisala.com/investors starting at 4 p.m. A recording of
the audiocast will be published at the same address at 6 p.m.


Further information:
Kaarina Muurinen, CFO
Tel +358 9 8949 2215, mobile +358 40 577 5066

Vaisala is a global leader in environmental and industrial measurement. Building
on 75 years of experience, Vaisala contributes to a better quality of life by
providing a comprehensive range of innovative observation and measurement
products and services for chosen weather-related and industrial markets.
Headquartered in Finland, Vaisala employs approximately 1400 professionals
worldwide and is listed on the NASDAQ OMX Helsinki stock exchange.
www.vaisala.com  www.twitter.com/VaisalaGroup

Distribution:
NASDAQ OMX Helsinki
Key media
www.vaisala.com


[HUG#1654406]

Attachments:

Vaisala Interim Report Q3 2012.pdf