Vaisala reports good net sales and a strong order book
Vaisala Corporation, a Finland-based manufacturer of instruments for controlled environments, meteorology and weather critical operations, reported net sales of €120.8m, an increase of 16%, in the first half of 2011.
The operating result dropped by 11.1% to €2.3m and forward bookings fell by 15.2% to €111.8m.
Sales of equipment for controlled environments, including life science cleanrooms, reported a good performance as sales rose by 31% to €35.5m and the operating result by 2.1% to €6m.
Vaisala Group president and chief executive Kjell Forsén said: "During the first half of the year Vaisala enjoyed growth in both net sales and profitability.”
He added that organic growth in the controlled environment business area was up 25% compared with last year, and profitability was at a high level.
“The industrial market remains active and the roll-out of our life science portfolio is progressing as planned,” he said.
In spite of a slower than expected order intake and increased uncertainty in the markets, Vaisala said its order book remains strong and its guidance for the full year is unchanged.
Net sales and operating profit for 2011 are expected to grow moderately.
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