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Nine Months 2023 Vaisala Oyj Earnings Call Transcript
Hello and welcome to Vaisala's third quarter earnings call. Please note, this conference is being recorded. (Operator Instructions)
I will now hand you over to your host, Kai Oistamo, to begin today's conference. Thank you.
Thank you and welcome also from my part to Vaisala's third quarter earnings call. I'm accompanied here with Ville Voipio, our Chairman of the Board; Heli Lindfors, our CFO; and Paula Liimatta, our Head of IR. My name is Kai Oistamo. I'm the President and CEO.
So our third quarter really was characterized by increasing profitability following improvement in gross margin. If we look at our net sales, a slight decrease of 2% compared to the year before. If we take constant currency, that would have been actually 2% increase. Order book ended at EUR 166 million. And as said, operating result improved year-on-year, ending up at a little bit over EUR 25 million. And the cash flow from operating activities returned to what I would characterize as a normal level, as we were
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