Vaisala - Financial Statement Release

Vaisala Group Financial Report January-December 2012

Vaisala Corporation               Stock Exchange Release            February
6, 2013 at 2.30 p.m. (EET)


October-December solid performance but order book down. Full year net sales,
 operating profit and cash flow improved from previous year. Steady outlook for
2013.


October-December highlights
  * Orders received EUR 66.1 (87.6) million, decrease 25%
  * Order book EUR 105.6 (134.3) million, decrease 21%
  * Net sales EUR 89.7 (90.3) million, decrease 1%
  * Operating result EUR 12.4 (13.0) million, decrease 4%
  * Earnings per share EUR 0.54 (0.49)
  * Cash flow from business operations EUR 21.5 (18.1) million
  * Liquid funds EUR 74.8 (45.5) million

January-December highlights
  * Orders received EUR 264.7 (278.8) million, decrease 5%
  * Net sales EUR 293.3 (273.6) million, increase 7%
  * Operating result EUR 30.1 (16.1) million, increase 87%
  * Earnings per share EUR 1.20 (0.57)
  * Cash flow from business operations EUR 48.2 (37.6) million
  * Dividend of  EUR 0.90 (0.65) per share proposed
  * Return of capital of EUR 1.23 per share proposed

Comments on October-December

In October-December 2012, net sales were EUR 89.7 million and showed a decrease
of 1% year-on-year due to different quarterly seasonality compared with previous
years. Weather Business Area net sales were EUR 71.3 million and decreased by
1% year-on-year. Weather Business Area product sales were higher than previously
expected, whereas project deliveries were at the previously expected level.
Controlled Environment Business Area net sales were EUR 18.3 million and
decreased by 1% year-on-year.

In October-December 2012, net sales in EMEA increased by 7%, in APAC by 4% and
decreased in Americas by 12% year-on-year.

Orders received were EUR 66.1 million in October-December 2012 and decreased by
25% year-on-year.  Weather Business Area did not receive exceptionally large
orders in contrast to previous year. The order book was EUR 105.6 million, 21%
lower than at the end of December 2011.

The operating result for October-December 2012 was EUR 12.4 million and
decreased by EUR 0.6 million or by 4% from previous year's EUR 13.0 million due
to different quarterly seasonality compared with previous years. Weather
Business Area operating result was EUR 11.8 million and increased by EUR 1.9
million from EUR 9.9 million in previous year. This was mainly due to improved
gross margin in delivery projects. Weather Business Area operating result
improved more than previously expected due to higher than estimated product
sales as well as higher margins in delivery projects. Controlled Environment
Business Area operating result was EUR 1.1 million and decreased by 41% from
previous year's EUR 1.8 million. This was mainly due to increased investments in
Service function related to Life Science customer group and in R&D related to
new product development.


 Key Figures (audited)

                                     10-12  10-12 Change   1-12  1-12 Change

                                      2012   2011      %   2012  2011      %

                                      MEUR   MEUR          MEUR  MEUR
----------------------------------------------------------------------------
 Net sales, Group                     89.7   90.3     -1  293.3 273.6      7

 Weather                              71.3   71.8     -1  218.0 201.8      8

 Controlled Environment               18.3   18.4     -1   75.3  71.7      5

 Orders received                      66.1   87.6    -25  264.7 278.8     -5

 Order book                          105.6  134.3    -21  105.6 134.3    -21

 Operating result                     12.4   13.0     -4   30.1  16.1     87

 Weather                              11.8    9.9     19   22.5   5.9    279

 Controlled Environment                1.1    1.8    -41    9.4  10.5    -10

 Eliminations and other               -0.5    1.2   -139   -1.9  -0.3   -458

 Result before taxes                  11.6   13.9    -17   29.1  16.1     80

 Net result for review period          9.8    8.9     10   21.7  10.4    109

 % of Net sales

 Operating result                   13.8 % 14.4 %        10.3 % 5.9 %

 Result before taxes                12.9 % 15.4 %         9.9 % 5.9 %

 Net result for review period       10.9 %  9.9 %         7.4 % 3.8 %

 Earnings per share                   0.54   0.49     11   1.20  0.57    110

 Return on equity                   11.7 %  5.7 %        11.7 % 5.7 %

 Cash flow from business operations   21.5   18.1     19   48.2  37.6     28

 Liquid funds at end of period        74.8   45.5     64   74.8  45.5     64



President and CEO Kjell Forsén on Vaisala's result"Vaisala continued with solid performance in the last quarter of 2012. Net sales
reached EUR 89.7 million, down 1% from 2011. The clear difference in seasonality
between the years is evident in orders received that were down 25% during the
last quarter of 2012. This is due to the fact that no exceptionally large orders
were received in contrast to the previous year. Operating result remained on a
good level EUR 12.4 million, down 4%.

The full year development was strong. Net sales increased by 7% and operating
result reached EUR 30 million, up by 87%. Orders received were down 5% implying
a trend towards shorter frame agreements. Earnings per share doubled to EUR
1.20 from EUR 0.57. Cash flow from operations reached EUR 48 million resulting
in EUR 75 million liquid funds.

Net sales development was strongest in EMEA, up 19%, whereas APAC grew 6% and
Americas was down 1%. Americas continued as the biggest region for Vaisala. Life
Science was the fastest growing customer group in Vaisala. Growth was strong
also in our Weather related project business both in absolute and relative
terms. In the fourth quarter also our Weather product business exceeded
expectations.

The systematic work in Vaisala to implement our customer based strategy was
visibly paying off in 2012. Our several internal development programs to
increase our efficiency and competitiveness produced great results showing e.g.
in improved profitability in our project business.

None of the above would have been possible without a great performance from our
entire global workforce and its willingness to embrace change. My warmest thanks
to everyone involved.

The basis for our 2013 business outlook is that we see the current market
sentiment to continue  when it comes to the general economic outlook and our
customers' investment needs. Our position  as the global market leader as well
as the ongoing internal development programs will further improve our capability
to serve our customers."

Market outlook

The global economic uncertainty continues to impact Vaisala's business and
constrain growth opportunities. The market in North America is expected to
gradually recover. The cuts in governmental spending and uncertainty of new
project timings are expected to impact Weather Business Area sales. The market
for Controlled Environment products in Asia is expected to continue challenging.

Business outlook 2013

Vaisala has changed the presentation of its business outlook and will from this
results release onward estimate both net sales and operating result (EBIT) in a
range of euros instead of generic comparison with previous year.

Vaisala's net sales are estimated to be in the range of EUR 280-310 million at
comparable exchange rates as compared to 2012. The operating result (EBIT) is
expected to be in the range of EUR 25-35 million at comparable exchange rates as
compared to 2012.

Net sales in 2012 were EUR 293.3 million and operating result was EUR 30.1
million.

Disclosure procedure

This is a summary of Vaisala's January-December 2012 Financial 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 Hotel Kämp, Paavo Nurmi
meeting room, Pohjoisesplanadi 29, Helsinki starting at 4 p.m. (EET) today.
Please register to the briefing by e-mail to liisa.ahtiluoto@vaisala.com.

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

Further information:
Kaarina Muurinen, CFO
Tel +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#1675990]

Attachments:

Vaisala Financial Statement Bulletin 2012.pdf