Vaisala - Company Announcement

Vaisala Corporation Financial Statement Bulletin January-June 2013

Vaisala Corporation         Stock Exchange Release       July 24, 2013 at 2 p.m.


April-June  2013 net  sales  and  operating  profit  decreased. Business outlook
unchanged.

April-June 2013 highlights
  * Orders received EUR 65.6 (68.6) million, decrease 4%
  * Order book EUR 99.0 (124.5) million, decrease 20%
  * Net sales EUR 65.2 (75.3) million, decrease 13%
  * Operating profit EUR 5.1 (11.4) million, decrease 55%
  * Earnings per share EUR 0.20 (0.51)
  * Cash flow from operating activities EUR 10.2 (13.0) million
  * Cash and cash equivalents EUR 61.5 (48.4) million


January-June 2013 highlights
  * Orders received EUR 124.2 (124.3) million, decrease 0%
  * Net sales EUR 130.9 (134.1) million, decrease 2%
  * Operating profit EUR 10.2 (12.4) million, decrease 18%
  * One-time gain from product line divestment EUR 1.5 million
  * Earnings per share EUR 0.36 (0.50)
  * Cash flow from operating activities EUR 5.3 (17.6) million


In April-June 2013, net sales were EUR 65.2 (75.3) million and decreased by 13%
year-on-year.  Net sales decreased in all geographical areas and in all business
types i.e. product, delivery projects and services.

Weather Business Area net sales were EUR 47.1 (56.8) million in April-June 2013
and decreased by 17% year-on-year. The decline was mainly due to lower volume in
delivery  projects. Net  sales decreased  in all  other Weather  customer groups
except in Airports.

Controlled  Environment Business Area net sales  were EUR 18.1 (18.5) million in
April-June  2013 and decreased by 2% year-on-year. Net sales decreased in Europe
and  Japan whereas net sales in North  America and China were growing. Net sales
increased in Life Science customer group.

In April-June 2013, net sales in APAC were EUR 18.7 (21.8) million and decreased
by  14% year-on-year, in Americas  EUR 24.7 (26.3) million  and decreased by 6%
year-on-year,  and in EMEA EUR 21.8 (27.2) million and decreased by 20% year-on-
year.

Orders received were EUR 65.6 (68.6) million in April-June 2013 and decreased by
4% year-on-year.  The order book was EUR 99.0 (124.5) million, 20% lower than at
the  end of June 2012. The decrease in order book was mostly due to the realized
budget sequestration in North America, business challenges and delayed orders in
Europe as well as continued trend towards shorter purchase cycles.

The  operating profit for  April-June 2013 was EUR  5.1 million and decreased by
EUR 6.3 million or by 55% from previous year's EUR 11.4 million due to decreased
sales   volumes,   lower   profitability   of   delivery  projects  whereas  the
profitability of product business was improving and operating expenses stayed on
the same level as in previous year.

Weather  Business Area operating profit was EUR 3.2 million and decreased by EUR
6.7 million  or by  67% previous year's  EUR 9.9 million  due to lower volume in
delivery   projects   and   the  decline  in  their  profitability  whereas  the
profitability of product business was improving.

Controlled  Environment Business Area  operating profit was  EUR 2.2 million and
increased EUR 0.2  million or by 9% from previous year's EUR 2.0 million despite
lower  volumes. Increased  operating profit  was mainly  due to  lower operating
expenses.


 Key Figures (unaudited)



 EUR Million                      4-6/2013 4-6/2012 1-6/2013 1-6/2012 1-12/2012
-------------------------------------------------------------------------------
 Net sales                            65.2     75.3    130.9    134.1     293.3

 Weather                              47.1     56.8     94.7     97.8     218.0

 Controlled Environment               18.1     18.5     36.2     36.2      75.3



 Orders received                      65.6     68.6    124.2    124.3     264.7

 Order book                           99.0    124.5     99.0    124.5     105.6



 Operating Profit                      5.1     11.4     10.2     12.4      30.2

 Weather                               3.2      9.9      5.2      7.7      22.6

 Controlled Environment                2.2      2.0      3.9      5.3       9.4

 Eliminations and other               -0.3     -0.4      1.0     -0.6      -1.9



 Profit (loss) before taxes            4.7     12.6      9.9     12.6      29.1

 Profit (loss) for the period          3.6      9.2      6.5      9.1      21.7



 % of Net sales

 Operating Profit                     7.8%    15.1%     7.8%     9.2%     10.3%

 Profit (loss) before taxes           7.2%    16.7%     7.6%     9.4%      9.9%

 Profit (loss) for the period         5.5%    12.2%     5.0%     6.8%      7.4%



 Earnings per share                   0.20     0.51     0.36     0.50      1.19

 Return on equity                     7.1%    10.0%     7.1%    10.0%     11.7%



 Cash flow from business
 operations                           10.2     13.0      5.3     17.6      48.2

 Cash and cash equivalents            61.5     48.4     61.5     48.4      74.8




Kjell Forsén, President and CEO:"Vaisala's  deliveries and net sales continued on  the same good level as during
the  first quarter  of this  year. The  second quarter  last year was strong and
accordingly  the  net  sales  of  EUR  65.2 million  this year were 13% lower in
comparison.  The decline in net  sales was mainly due  to decreased net sales in
the  Weather  Business  Area,  the  reason  being  that  no  large projects were
delivered during the second quarter this year.

Second  quarter orders received decreased by  4% year-on-year and the order book
was  20% lower than in  the previous year.  This was due  to the realized budget
sequestration in North America, strained governmental finances in Europe as well
as  customers' shorter purchase  cycles. However, the  situation in Asia Pacific
(APAC) is better than in other geographical regions.

Americas  was the biggest  region with 38% share  of net sales  and growing from
this  year's  first  quarter  level  but  still  declining  EUR 1.6 million from
previous  year's second quarter. Also APAC net sales were growing from the first
quarter  level albeit declining year-on-year  by EUR 3.1 million. Europe, Middle
East  and Africa (EMEA) had 33% share of  net sales but the level was decreasing
from  this year's  first quarter  and EUR  5.4 million lower  than in the second
quarter of last year.

Controlled  Environment Business Area net sales  both in China and North America
were growing from previous year's level.

From  the  Weather  Business  Area's  customer  groups  especially  Airports and
Meteorology performed well during the first half of the year.

Vaisala's  operating profit reached EUR 5.1 million  which is 7.8% of net sales.
We were able to continue the improved performance in product businesses but when
compared  to the strong second quarter in  last year the performance in delivery
project  businesses was weaker. Operating expenses were on previous year's level
and supported the result.

Our business outlook for the whole year remains unchanged. The order book is
lower than last year but some orders have been delayed and customers are placing
smaller orders for shorter time periods. We believe that the good order intake
for Weather Business Area in APAC will continue but the uncertainty has
increased in North America. "


Market Outlook

The  global  economic  uncertainty  continues  to  impact Vaisala's business and
constrain  growth opportunities. In  North America the  budget sequestration may
limit  Weather Business  Area's order  intake whereas  the demand for Controlled
Environment  Business Area's products is expected to continue growing. In Europe
order  intake has slowed  down and might  impact delivery volumes. Stable market
demand  is expected to  continue in China  and APAC for  Weather Business Area's
products  and for Controlled Environment Business  Area's products the demand is
expected to grow.


Business Outlook for 2013 Unchanged

Vaisala's  outlook for the year 2013 remains unchanged from the one published on
February 6, 2013.

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 profit (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 profit  was EUR 30.2
million.


Disclosure Procedure

This is a summary of Vaisala's January-June 2013 Interim Report. The complete
report is attached to this release as a .pdf file and also available at
Vaisala's website at www.vaisala.com/investors. (Re. Standard 5.2b published by
the Finnish Financial Supervision Authority.)

Briefing and Audiocast

Briefing for analysts and media will be arranged in Hotel Kämp, Paavo Nurmi
meeting room, Pohjoisesplanadi 29, Helsinki starting at 4 p.m. (EEST) 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
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 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#1718311]

Attachments:

Vaisala Interim Report Q2-2013.pdf