Jan-June 2005: Uponor posts steady financial performance

8/4/2005, 9:43 AM (Source: GlobeNewswire)
Uponor Corporation Stock Exchange Release 4 August 2005 10:30

- Net sales and results strengthened in the second quarter
- Net sales (Jan-June) EUR 493.7m(EUR 509.6m); a like-for-like change
of +4.1%
- Operating profit (Jan-June) EUR 50.0m(EUR 46.5m); a like-for-like
change of +6.8%
- Cash flow before financing EUR 10.7m (EUR 5.4m)
- Earnings per share unchanged at EUR 0.46 (EUR 0.46)
- Return on investment at 22.8% (19.4%), solvency ratio at 55.3%
(46.5%)

Comparable figures have been adjusted for company and business
divestments, restructuring expenses and exchange rate fluctuations.
However, some of the company and business divestments completed in
2005 are included in the figures for continuing operations (IFRS 5).
The figures in brackets are IFRS-compatible figures for Q2/2004.

President and CEO Jan Lång comments on the performance for the
period:

- Uponor's net sales took an upward turn in the second quarter in all
of our main markets, excluding Germany, and our financial performance
improved markedly from the first quarter. In Germany, our results
also remained at a healthy level despite the sluggish market
situation.

- We managed to halt the decline in gross margins that adversely
affected our results in early 2005, our margins recovering rapidly
during the second quarter.

- Uponor is pursuing its integration strategy in a determined manner.
During the report period we announced the harmonisation of our brand
structure, which has been welcomed by both employees and customers.


Presentation material and teleconference:

Following the release of this report, the presentation material for
the interim report will be available at
http://www.uponor.com/investors, under IR material.

Uponor will hold a teleconference in English for equity analysts
today, at 5:00 p.m. Finnish time (London 3:00 p.m. and New York 10:00
a.m.) and those who would like to participate should call (using a
DTMF telephone) +358 (0)9 8248 5254, pin code 4562. The conference
presentation can be viewed at http://teleconference.elisa.fi, code
82485254, password 4562. We kindly request all callers to introduce
themselves before asking questions.


Uponor Corporation

Jan Lång
President and CEO



DISTRIBUTION:
Helsinki Stock Exchange
Media
www.uponor.com


Appendix: Interim release, tables
View document
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.