Vaisala lowers sales and operating profit outlook for 2013
Weak market conditions have reduced sales in Europe in its Controlled Environment business
Vaisala, a market leader in environmental and industrial measurement, has revised its business outlook for 2013, after a number of events have had an impact on its sales and operating profit.
The company now estimates that its net sales will be in the range of €270–286m. Operating profit (EBIT) is expected to be between €20–30m.
In July, the Finnish firm forecast sales in the range of €280-310m, and an operating profit of €25–35m.
Vaisala said net sales and order intake for its Controlled Environment business has not developed in Japan nor in the US as previously estimated. Weak market conditions in Europe have also had an impact on the volumes delivered to customers in the region.
Unfavourable currency exchange rates in Japan and the US have in addition had a negative impact of approximately €5m so far on Vaisala's net sales and operating profit.
The firm also blamed a fall in sales and order placement in its Weather business on 'budget sequestration' in the US and 'strained governmental finances' in Europe throughout 2013.
The federal government shutdown in the US will have additional implications on order intake and delivery schedules, the firm said.