Vaisala will fall short of its outlook for 2013 operating profit
Stock Exchange Release
January 20, 2014 at 9:55 a.m.
Based on the preliminary financial information regarding Vaisala's financial
statements for 2013, Vaisala estimates that for the full year 2013 its operating
profit will be EUR 17-19 million and its net sales EUR 270-275 million.
According to business outlook from October 10, 2013 Vaisala estimated its full
year net sales to be in the range of EUR 270-286 million and the operating
profit (EBIT) in the range of EUR 20-30 million.
As previously communicated Vaisala's net sales will decrease as compared to
2012 and thus have a negative impact on the operating profit. In addition,
Vaisala will recognize a one-time impairment charge of EUR 4.3 million to
Controlled Environment business area's operating profit. The related goodwill
and intangible assets originated from the acquisitions of Veriteq Instruments
Inc. in 2010. This impairment charge is mainly due to delayed Life Science
business growth as markets in all geographic areas have not developed according
to expectations. After the impairment charge, the carrying amount of goodwill
and intangible assets for Controlled Environment business area is EUR 0.00.
Updated business outlook for 2013
Vaisala estimates its net sales to be in the range of EUR 270-275 million. The
operating profit (EBIT) is expected to be in the range of EUR 17-19 million.
Previous business outlook from October 10, 2013
Vaisala estimates its net sales to be in the range of EUR 270-286 million. The
operating profit (EBIT) is expected to be in the range of EUR 20-30 million.
The company will publish its Financial Statements bulletin for the accounting
period January 1, 2013-December 31, 2013 on Monday, February 10, 2014.
Kaarina Muurinen, CFO
Tel +358 40 577 5066
NASDAQ OMX Helsinki
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 1,400 professionals
worldwide and is listed on the NASDAQ OMX Helsinki stock exchange.
www.vaisala.com Â Â Â www.twitter.com/VaisalaGroup
Vaisala will fall short of its outlook for 2013 operating profit :
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