Vaisala updates strategy and raises long-term funds
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September 21, 2021 at 9:00 a.m. (EEST)
Vaisala Updates Strategy and Raises Long-Term Financial Goals
Vaisala’s board of directors has approved company strategy and updated long-term financial goals for the next three years.
Vaisala’s strategy focuses on sustainable growth and global leadership in meteorological, environmental and industrial measurements. Through its products and technologies, Vaisala enables its customers to make decisions and perform critical operations. Thus, the company makes a strong contribution to solving global challenges related to climate change, resource efficiency, well-being and health.
Vaisala aims to be the market leader in the markets in which it operates. The company has identified four factors for a successful implementation of the strategy:
- Leadership in products and technologies, from sensors to digital solutions
- In-depth customer understanding and application know-how
- Scalability in high mix, low volume businesses
- Committed and talented people
Long-term financial goals
Based on the revised strategic goals with high growth ambition and a focus on operational excellence, Vaisala updates its long-term financial goals. Vaisala’s long-term goal is to achieve an average annual net sales growth of 7% and an operating profit margin (EBIT) of 15% over the strategy period.
Previously, Vaisala’s goal was profitable growth with average annual growth above 5% and an operating profit margin (EBIT) above 12%.
Vaisala does not view long-term financial goals as market direction for any given year.
Capital Markets Day
Vaisala is hosting a Capital Markets Day for analysts and investors on Tuesday, September 21, 2021 to provide more detailed information on the company’s strategy and updated long-term financial goals.
The Capital Markets Day webcast will begin at 2:00 p.m. EST and will be broadcast live. For virtual participation, please register in advance at https://vaisala.videosync.fi/cmd-2021/register to receive the participation link. Written questions can be asked through the webcast platform. Recordings of the presentations and presentation materials will be available on the Vaisala website after the event. The event and the material are in English.
Kaarina Muurinen, Chief Financial Officer
Phone. +358 40 577 5066, [email protected]
Vaisala is a world leader in environmental and industrial measurement. Drawing on over 85 years of experience, Vaisala provides insights for a better world. We are a reliable partner for customers around the world, offering a full range of innovative observation and measurement products and services. Based in Finland, Vaisala employs over 1,900 professionals worldwide and is listed on the Nasdaq Helsinki Stock Exchange. Vaisala.com twitter.com/VaisalaGroup