Source: Uponor Oyj

Illustrative financial information about Uponor’s business without Uponor Infra’s divested North American business

Uponor Corporation     Stock exchange release     20 September 2018     15:00 EET

Illustrative financial information about Uponor’s business without Uponor Infra’s divested North American business

On 31 August 2018, Uponor announced that Uponor Infra divests its North American business. Since the foundation of the joint venture with KWH Group, Uponor Infra’s strategic focus has been in Europe, where there are customer, channel and operational synergies to be found with Uponor’s Building Solutions – Europe segment. During the past few years, Uponor Infra has concentrated on streamlining its operations and improving efficiency. These actions have improved profitability in North America, where the business has also benefitted from the good momentum in the markets. 

Uponor publishes illustrative financial information for years 2017 and 2018, reflecting the business without Uponor Infra’s divested North American business. The figures below are un-audited.

Net sales 1-6 2018 4-6 2018 1-3 2018 1-12 2017 10-12 2017 7-9 2017 4-6 2017 1-3 2017
Building solutions - Europe 263.9 138.7 125.2 521.7 125.5 136.3 135.6 124.3
Building solutions - North America 161.1 83.5 77.6 328.2 79.5 91.2 79.3 78.2
Uponor Infra, excl. Uponor Infra North America 131.7 78.1 53.6 243.7 57.3 65.9 71.7 48.8
Eliminations -2.6 -1.4 -1.2 -2.9 -1.0 -0.6 -0.8 -0.5
Uponor Group, excl. Uponor Infra North America 554.1 298.9 255.2 1,090.7 261.3 292.8 285.8 250.8

Operating profit 1-6 2018 4-6 2018 1-3 2018 1-12 2017 10-12 2017 7-9 2017 4-6 2017 1-3 2017
Building solutions - Europe 17.0 11.0 6.0 40.0 10.2 14.4 9.1 6.3
Building solutions - North America 19.0 8.8 10.2 49.7 9.6 19.0 10.5 10.6
Uponor Infra, excl. Uponor Infra North America 4.2 5.2 -1.0 0.1 -3.2 2.7 2.8 -2.2
Others -2.3 -1.3 -1.0 -4.2 -2.5 0.2 -1.0 -0.9
Eliminations -2.1 -0.6 -1.5 -1.6 -1.1 -0.6 -0.4 0.5
Uponor Group, excl. Uponor Infra North America 35.8 23.1 12.7 84.0 13.0 35.7 21.0 14.3

Comparable operating profit 1-6 2018 4-6 2018 1-3 2018 1-12 2017 10-12 2017 7-9 2017 4-6 2017 1-3 2017
Building solutions - Europe 17.0 11.0 6.0 42.8 10.2 14.4 11.5 6.7
Building solutions - North America 19.0 8.8 10.2 49.7 9.6 19.0 10.5 10.6
Uponor Infra, excl. Uponor Infra North America 4.2 5.2 -1.0 -1.4 -3.2 2.7 1.3 -2.2
Others -2.3 -1.3 -1.0 -4.2 -2.5 0.2 -1.0 -0.9
Eliminations -2.1 -0.6 -1.5 -1.6 -1.1 -0.6 -0.4 0.5
Uponor Group, excl. Uponor Infra North America 35.8 23.1 12.7 85.3 13.0 35.7 21.9 14.7

Uponor Corporation

Susanna Inkinen
Vice President, Communications and Corporate Responsibility
Tel. +358 20 129 2081

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www.uponor.com
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Uponor in brief

The year 2018 marks Uponor's 100-year anniversary. Our success is built on strong partnerships with our customers and stakeholders in the past, present and future.

Uponor is a leading international systems and solutions provider for safe drinking water delivery, energy-efficient radiant heating and cooling and reliable infrastructure. The company serves a variety of building markets including residential, commercial, industrial and civil engineering. Uponor employs about 4,000 employees in 30 countries, mainly in Europe and North America. In 2017, Uponor's net sales totalled nearly €1.2 billion. Uponor is based in Finland and listed on Nasdaq Helsinki. Uponor builds on you - www.uponor.com