Vaisala - Interim report (Q1 and Q3)

Vaisala Group January-June 2012 Financial Statement Bulletin

Vaisala Corporation     Stock Exchange Release     August 2, 2012 at 9.00 a.m.


April-June net sales increased by 22%.Operating result EUR 11.4 million. Profit
guidance upgraded.


April-June highlights

- Orders received EUR 68.6 (54.8) million, increase 25%
- Order book EUR 124.5 (120.0) million, increase 4%
- Net sales EUR 75.3 (61.9) million, increase 22%
- Operating result EUR 11.4 (3.2) million
- Earnings per share EUR 0.51 (0.10)
- Cash flow from business operations EUR 13.0 (-1.5) million
- Liquid funds EUR 48.4 (29.8) million

January-June highlights

- Orders received EUR 124.3 (111.8) million, increase 11%
- Net sales EUR 134.1 (120.8) million, increase 11%
- Operating result EUR 12.4 (2.3) million
- Earnings per share EUR 0.50 (-0.03)
- Cash flow from business operations EUR 17.6 (12.7) million

Comments on April-June

In April-June 2012, net sales were EUR 75.3 million and showed an increase of
22% from previous year. Weather Business Area net sales were EUR 56.8 million
and increased by 26% year-on-year. Controlled Environment Business Area net
sales were EUR 18.5 million and increased by 9% year-on-year.

In April-June 2012, net sales in EMEA increased by 48%, in Americas by 7% and in
APAC by 16% year-on-year.

Orders received were EUR 68.6 million in April-June 2012 and increased by 25%
year-on-year. The order book remains strong and it was EUR 124.5 million, 4%
higher than at the end of June 2011.

The operating result for April-June 2012 was EUR 11.4 million and increased by
EUR 8.2 million or by 261% from previous year's EUR 3.2 million. Weather
Business Area operating result was EUR 9.9 million and increased by 355%
compared to EUR 2.2 million in previous year, due to higher sales as well as
favorable product mix. Controlled Environment Business Area operating result was
EUR 2.0 million, at the same level as in previous year.

Key Figures (unaudited)



                              4-6   4-6   Change 1-6   1-6   Change 1-12

                              2012  2011  %      2012  2011  %      2011

                              MEUR  MEUR         MEUR  MEUR         MEUR
-------------------------------------------------------------------------
 Net sales, Group             75.3  61.9  22     134.1 120.8 11     273.6

      Weather                 56.8  44.9  26     97.8  85.3  15     201.8

      Controlled Environment  18.5  16.9  9      36.2  35.5  2      71.7

 Orders received              68.6  54.8  25     124.3 111.8 11     278.8

 Order book                   124.5 120.0 4      124.5 120.0 4      134.3

 Operating result, Group      11.4  3.2   261    12.4  2.3   446    16.1

      Weather                 9.9   2.2   355    7.7   -2.6  399    5.9

      Controlled Environment  2.0   2.0   0      5.3   6.0   -12    10.5

      Eliminations and other  -0.4  -1.1  62     -0.6  -1.2  48     -0.3

 Result before taxes          12.6  2.6   380    12.6  0.0   52,491 16.1

 Net result for review period 9.2   1.8   412    9.1   -0.5  1,852  10.4

 % of Net sales

      Operating result, Group 15.1% 5.1%         9.2%  1.9%         5.9%

      Result before taxes     16.7% 4.2%         9.4%  0.0%         5.9%

      Net result for
      review period           12.2% 2.9%         6.8%  -0.4%        3.8%

 Earnings per share           0.51  0.10  414    0.50  -0.03 1,855  0.57

 Return on equity             10.0% -0.6%        10.0% -0.6%        5.7%

 Cash flow from
 business operations          13.0  -1.5  986    17.6  12.7  38     37.6

 Liquid funds at
 end of period                48.4  29.8  63     48.4  29.8  63     45.5



President and CEO Kjell Forsén on Vaisala's result:"Vaisala's second quarter was a strong one. Of our businesses, especially
Weather Business Area performed well and of the regions, EMEA displayed the
highest growth. This is quite an achievement considering the market sentiment
and a clear sign that our long term development programs and renewed strategy
start to pay off as planned.

Sales growth for the second quarter was 22% and the operating result improved
from EUR 3.2 million to EUR 11.4 million. Orders received grew by 25%, and the
order book increased by 4%. Considering the global spread of our business and
the varying conditions where the projects are carried out, these figures would
not have been possible without a very well working end-to-end delivery
organization. I want to thank all our people who made this positive development
possible.

Vaisala's Weather Business Area was favored not only by improved execution but
also by favorable product mix during the quarter. Sales growth was 26%, and the
operating result improved from EUR 2.2 million to EUR 9.9 million. Orders
received increased by 31%.

Our Controlled Environment Business Area benefited from changes in exchange
rates, and its net sales grew by 9%, whereas the orders received increased by
11%. The operating result remained at EUR 2.0 million. Our Life Science Business
spearheading our growth ambitions continued to do well.

We are now upgrading the full year profit guidance. However, increasing
uncertainty in the market is affecting both our governmental and industrial
customers."

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 upgrades its profit guidance for 2012.

Vaisala expects its net sales in 2012 to stay at the same level as in the
preceding year and 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 updated 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.

Previous 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 moderately. Net
sales in 2011 were EUR 273.6 million and operating result was EUR 16.1 million.

Vaisala's long-term business outlook remains unchanged.

Disclosure procedure

This is a summary of Vaisala's January-June 2012 Interim Report. The complete
report is attached as a .pdf file to this release and is 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 held in Hotel Kämp's Paavo Nurmi meeting
room (Pohjoisesplanadi, Helsinki) starting at 12.00 noon. Please register by
email to sanna.nystrom@vaisala.com.

The presentation of Kjell Forsén, President and CEO of Vaisala, will be
audiocasted live at www.vaisala.com/investors starting at 12:00 noon (GMT +3). A
recording will be published at the same address by 2:00 p.m. (GMT +3) on the
same day.

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#1631328]

Attachments:

Interim Report January-June 2012.pdf