Latest guidance

27 September 2011 (repeated on 26 October 2011)

Uponor estimates that, against earlier guidance, its net sales growth will tail off to such an extent that the gap in operating profit, generated in the first half of 2011, cannot be met during the latter half of the year. Forecasting the results of the net working capital improvement programme is exceptionally challenging; hence, Uponor will not issue a guidance on full-year cash flow for 2011.

Based on the above, Uponor is altering its full-year guidance:

Uponor's net sales is expected to improve on the 2010 level, but operating profit should fall somewhat short of the previous year's reported result. The Group's fixed-asset investments are not expected to exceed depreciation.

To read the complete press release, please see Uponor warns that full-year results will fall short of earlier guidance.

Previous guidances

10 February 2011 (repeated on 28 April and 10 August 2011)

Organic growth in Uponor's net sales in 2011 is expected to accelerate from the 2010 level, and operating profit is expected to improve on last year's reported operating profit. The Group's fixed-asset investments are not expected to exceed depreciation, and efficient net working capital management measures will help to retain a good cash flow level for the Group.