Revenue Growth Above Long-Term Target (Constant Currencies)
Net sales grew 7.4% year-on-year in constant currencies for 2025, exceeding the company's long-term target of 7% average growth and showing resilience despite headwinds.
Industrial Measurements: Record Orders and Strong Growth
Industrial Measurements reported record-high orders received for 2025, with orders up 13% year-on-year (21% in constant currencies). Net sales for the segment rose 1% in reported currencies and 7% in constant currencies, driven by Americas (notably U.S.), data centers, semiconductors and power markets.
Q4 Order Intake Recovery and Order Book
Orders received improved in Q4: +5% in reported currencies and +10% in constant currencies, bringing the order book to EUR 185.8 million and reversing a weaker intra-year trend.
Xweather and Subscription Sales Expansion
Subscription sales (Xweather) grew 50% year-on-year, boosted by WeatherDesk and Speedwell Climate acquisitions; when excluding these acquisitions, organic growth was described as well into double digits. Management targets continued double-digit growth for Xweather.
Strong Cash Generation and Solid Financial Position
Operating cash flow increased by over EUR 10 million year-on-year; cash conversion was 1.1. EBITDA remained close to 15% for 2025. The Board proposed a dividend of EUR 0.86, and management highlighted low leverage and a strong balance sheet.
Operational Improvements and Safety Milestones
Completed and put into full use an automated logistics center in Finland. Health & safety performance improved materially with a TRIR of 1.15, positioning the company as top-tier among industrial peers.
Cost Actions and Weather Segment Stabilization
Cost adjustment measures in Weather & Environment were largely implemented (one-offs recorded in Q3) and Q4 showed visible improvements; orders in meteorology and aviation improved to prior-year levels.