INTERIM REPORT JANUARY – MARCH 2017:
Uponor’s net sales grows in all segments
Uponor’s consolidated net sales reached €265.1 million, organic growth 7.4%. Uponor’s comparable operating profit came to €15.0 million, a change of 0.8%.
“We made broad-based progress in several key markets across all segments in the first quarter, which had more business days this year than in 2016. The first quarter is an off-season quarter and performance trends may change further in the year. One such factor that may impact business going forward is an upward trend in the prices of key raw materials which we have seen in recent months. We have issued and are prepared to issue further price increases to compensate for higher input costs,” says Uponor’s President and CEO, Jyri Luomakoski.
He also commented development in other segments:
“Building Solutions – Europe’s net sales growth was strong in several of its key markets, but business operations experienced headwinds in the largest national market, Germany, in particular. Performance was negatively affected mainly as a result of intensifying competition in plumbing solutions, along with higher marketing costs related to the biennial ISH trade show.”
“The building solutions business in North America is progressing in a satisfactory manner and demand in the key market segments remains healthy, although not quite as lively as in the very strong comparison period.”
“Uponor Infra reported an improvement both in its top line and bottom line development, but reported an operating loss which is typical for the season. Faced with margin pressures due to emerging input cost risks, the segment continues to implement its strategy of focussing on designed solutions sales that is less dependent on raw material price movements.”
The comprehensive financial statements bulletin is available on the company’s investor website.
Uponor is no. 1 ranked for underfloor heating in Germany
Every second year the information service "markt intern" carries out the ‚mi‘-survey on radiant heating companies.
More than 20,000 skilled tradesmen have the opportunity to express their opinion on how satisfied they are with the products and services of the manufacturers.
The winner of the surface heating is: Uponor.
In a total of nine evaluated categories, Uponor has been able to pick up the top position for radiant heating manufacturers for the first time with a total score of 2.13. The best grades were given by installers, especially in the subcategories of assembly-friendliness/technology as well as complaints behavior / spare parts supply.
Uponor appreciates the motivating feedback and the trust by the participants!
Our promise to our customers: We will continue to do our utmost to be the strong partner you can rely on in all your needs.
BIM data for building products
Uponor now provides extensive Building Information Modelling (BIM) files library.
This offers opportunities for improving project efficiency.
Request the BIM library for MEP designers and engineers.