-
Enriching people’s way of lifeQ3 2016 Roadshow presentationJyri Luomakoski, President and CEORiitta Palomäki, CFOOctober 2016
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© Uponor2
Uponor at a glanceUponor is a leading international provider of plastic based piping systems for buildings and infrastructure.
We provide safe drinking water delivery systems,energy-efficient radiant heating and cooling andreliable infrastructure solutions.
billion euroNet sales 2015
1.05 30countries with
Uponor operations
14production
sites worldwide
3,700worldwide
staff
FACTS & FIGURES
45%
25%
30%Plumbing Solutions
Infrastructure Solutions
Indoor Climate Solutions
October 2016 Q3 2016 Roadshow presentation
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© Uponor3
Our solutions enrich people’s way of life
Our visionThroughout the world, our solutions enrich people’s way of life.
Our missionPartnering with professionals to create better plumbing, indoor climate and infrastructure solutions.
October 2016 Q3 2016 Roadshow presentation
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© Uponor4
Our solutions enrich people’s way of life
Our peopleWe will build an exciting environment for growth and achievement both for the company and our employees
Our valuesConnect. Build. Inspire.
Our brand promiseLet’s build confidence!
October 2016 Q3 2016 Roadshow presentation
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© Uponor5
Uponor milestones
October 2016 Q3 2016 Roadshow presentation
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© Uponor6
Sustainability is a foundation of our business At Uponor, sustainability is linked to our vision and mission and demonstrated by actions throughout the organisation
Our sustainability pillars• Strongly integrating sustainability
into our corporate mindset• Driving down our environmental impact• Enriching life through our innovative solutions• Engaging external stakeholders
in our sustainability journey
• Reporting through CDP Climate Change Nordic programme since 2010, Uponor has consistently improved performance and reached level B in 2016
October 2016 Q3 2016 Roadshow presentation
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© Uponor7
Group structure
The chart shows the Executive Committee members’ responsibilities
October 2016 Q3 2016 Roadshow presentation
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© Uponor8
Business groups
Plumbing solutions45% *)
Infrastructure solutions30%
Indoor climate solutions25%
*) percentage of 2015 net sales by business groupOctober 2016 Q3 2016 Roadshow presentation
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© Uponor9
Uponor’s Plumbing offeringFor efficient and hygienic drinking water delivery
Flexible pipe systems Multilayer pipe systems Risers
Quick & Easy fittings Intelligent water and hygieneToolsRTM fittings
Press fittings
October 2016 Q3 2016 Roadshow presentation
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© Uponor10
Uponor’s Indoor Climate offeringThe basis for a comfortable and energy-efficient ambiance
Radiant heating and cooling Thermally active slabs Ceiling cooling
Controls
Geothermal energy stations
VentilationLocal heat distributionManifold stations
October 2016 Q3 2016 Roadshow presentation
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© Uponor11
Uponor’s infrastructure offeringTransporting water, air, electricity, telecommunications and data
Technology360° Project ServicesStandard Solutions
October 2016 Q3 2016 Roadshow presentation
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© Uponor12
Business gradually picking up after the global financial crisis
0
30
60
90
120
150
180
0
200
400
600
800
1 000
1 200
Net sales Operating profit (rhs)
M€
October 2016 Q3 2016 Roadshow presentation
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© Uponor13
Uponor has a strategy to generate sustainable growth in the shorter and longer term
Value
Time
We defend our strong position in the distribution business and the residential markets
We expand in commercial markets with an aim to significantly grow designed solution sales
We build options for future growth, e.g. sustainable hygienic solutions, digitalisation and new production technologies
October 2016 Q3 2016 Roadshow presentation
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© Uponor14
Long-term financial targetsSince 12 Feb 2013
• Help develop Uponor globally in a manner that secures faster than average industry growth and funding for future initiatives.
• Based on earlier criteria, now reflecting the ‘new normal’ business landscape.
• The emphasis is on growth, which is clearly influenced by the flat outlook of European building markets.
October 2016 Q3 2016 Roadshow presentation
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© Uponor15
Long-term financial targetsAnnounced in February 2013
Organic net sales growth to exceed
annual GDP growth* by
3 ppts
EBIT margin to exceed
10%
ROI to exceed
20%
Dividend pay-out to be at least
50% of annual earnings
(considering the gearing target)
Gearing to stay within
30 to 70 as an annual
average of the quarters
* GDP growth based on a weighted average growth in the top 10 countries
5.2%(target 4.8%)
7.2%w/o NRI
15.5% 86% 40.4
Actual 2015
October 2016 Q3 2016 Roadshow presentation
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© Uponor16
Major shareholders31 December 2015
Currently valid foreign notifications:15 September 2016: the holdings of Franklin Templeton Institutional, LLC, decreases below 10%
• 14,539 shareholders at the end of Dec 2015• Foreign shareholding was 31.5% at the end of Dec 2015, up from 28.3% in Dec 2014
22,6%
5,3%
4,1%2,7%
1,0%1,0%1,0%
30,6%
31,7%
Oras Invest Oy 22,6% Varma Mutual Pension Insurance Company 5,3% Nordea Nordic Small Cap Fund 4,1% Ilmarinen Mutual Pension Insurance Company 2,7% Nordea Fennia Fund 1,0% The State Pension Fund 1,0% Nordea Pro Finland Fund 1,0% Nominee registerations 30.6% Others 31.7%
October 2016 Q3 2016 Roadshow presentation
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© Uponor17
Financial results 1-9 2016
October 2016 Q3 2016 Roadshow presentation
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© Uponor18
Net sales• Building Solutions – Europe’s net sales grew by acquisition but organic net sales was flat, driven by weaker single-family residential market, softer
commercial market and tighter competition, mainly in Germany, the segment’s largest market• Building Solutions – North America’s growth decelerated in a stabilising U.S. housing market, faced with high volatility in residential volumes and
supply issues curbing fittings sales• Uponor Infra’s growth was driven by the favourable Nordic trends; other markets remained soft
Operating profit• Building Solutions – Europe’s operating profit improved driven by acquisitions and transformation-related savings• Building Solutions – North America’s operating profit margin high at 16.0% despite fittings supply and margin issues and manufacturing capacity ramp
up• A second quarter for Uponor Infra with clear comparable operating profit improvement despite persistent weak demand. Savings from the
transformation programme, favourable conversion cost and overhead trends supported
Q3/2016: Performance in Europe improved, supply issues impacted North American business
July - September, M€ 7-9/20157-9/
2016 ChangeOP
margin
Net sales 274.1 284.1 3.6%
Operating profit 23.6 25.1 6.0% 8.8%
Comparable operating profit 24.6 29.0 17.7% 10.2%
October 2016 Q3 2016 Roadshow presentation
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© Uponor19
Market overview: third quarter 2016
Nordic countriesConstruction activity has by and large continued to trend upward, led by Sweden’s residential boom and supported by slight improvements in Finland
Southern EuropeConstruction volumes in Spain and France have made some gains, while the Italian market remains challenging. Fallout from the UK’s EU referendum has been limited
Central EuropeIn Germany, increased demand for residential buildings is driving growth, while activity in the Netherlands has moderated
North AmericaConstruction markets remain largely healthy, but the substantial year-over-year gains witnessed during the quarters since the recovery began were not materialising in Q3
October 2016 Q3 2016 Roadshow presentation
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© Uponor20
Developments by segment: Building Solutions – Europe
• German building activity on a good level, top line affected by – Lower relative share of single-family business in contrast
to flats in the sales mix– Softer commercial building market – Increasing competition from private label offerings
• Weakening market in the Netherlands after the recent boom• Growth in other markets, such as Finland, the UK and
Russia
• The KaMo/Delta acquisitions in January 2016 contributed positively, with their offering ideally complementing Uponor systems in Germany and other countries
• The transformation programme initiated in Q4/2015 progresses well and final measures are scheduled for completion during Q1/2017– A total of 10 offices closed since the start of the year– Net reduction in personnel amounts to 143 persons
• New factory in Taicang, China progresses; production lines are being installed and employees are moving in
October 2016 Q3 2016 Roadshow presentation
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© Uponor21
Developments by segment: Building Solutions – North America
• Residential and non-residential construction remained healthy, but Q3 saw slowing down from the substantial y-o-y gains visible during recent quarters
• Demand also weakened in Canada• Manufacturing ramp-up in the new facility progresses
in plan
Engineered polymer (EP) resin supply issue• Many years of plumbing business growth resulted in a
shortage of EP resin for plastic fittings during H2/2015 • Uponor offered items in lead-free brass, which has a
higher cost and generates lower gross margins • During Q2/2016, Uponor qualified another EP resin with
a higher unit cost and reintroduced a full range of plastic fittings
• The changes caused incremental costs in the supply chain, which should stabilise during the fourth quarter of 2016
October 2016 Q3 2016 Roadshow presentation
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© Uponor22
Developments by segment: Uponor Infra• The Nordic markets were stable overall with demand in
Sweden and Norway improving somewhat • Central and eastern European markets remained
subdued, lacking EU funding • Infrastructure markets in Canada continued to suffer from
lack of oil exploration projects
• A second consecutive quarter with encouraging performance development, driven by transformational savings− Manufacturing streamlining continued by centralising
production in Finland and Denmark− 31 jobs were reduced as part of the transformation
programme during 2016
• A cost reduction and operational improvement programme also starting in Canada
October 2016 Q3 2016 Roadshow presentation
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© Uponor23
January – September 2016:Key figures
M€ 1-9 1-9 Change 1-122015 2016 Y/Y 2015
Net sales, continuing operations 788.8 830.5 +5.3% 1,050.8
Operating profit, continuing operations 57.4 63.5 +10.5% 71.4
Comparable operating profit 59.2 74.6 +25.9% 75.8
Comparable operating profit margin 7.5% 9.0% 1.5% pts 7.2%
Earnings per share (diluted), continuing operations, € 0.44 0.47 +6.8% 0.51
Return on equity, % (p.a.) 14.4% 15.3% 0.9% pts 12.1%
Return on investment, % (p.a.) 17.3% 16.9% -0.4% pts 15.5%
Net interest bearing liabilities 114.8 177.5 +54.6% 91.3
Gearing, % 37.9% 56.6% +18.7% pts 29.3%
Net working capital of Net sales, % (p.a.) 6.6% 12.0% +5.4% pts 8.1%
Number of employees, end of period, continuing operations 3,777 3,834 +1.5% 3,735October 2016 Q3 2016 Roadshow presentation
Top 10 countries YTD Q314
fmcluster_FIREXCustom1#IFRSScenario#ACTScenario#ACTScenario#ACT
View#YTDCustom3#[None]Year#2012Year#2013Year#201410 biggest COUNTRIES
Entity#8010Custom4#[None]Period#SepPeriod#SepPeriod#Sep
Value#EUR totalNET SALES - not including all countries
Account#N30699
ICP#[ICP None]Jan-Sep 2012Jan-Sep 2013Jan-Sep 2014Jan-Sep 2012Jan-Sep 2013Jan-Sep 2014Jan-Sep 2012Jan-Sep 2013Jan-Sep 2014of totalChange %
USAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
GermanyERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#FIERROR:#NAME?Finland ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XFinlandERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?FinlandERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#SEERROR:#NAME?Sweden ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XScandinaviaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?SwedenERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#NOERROR:#NAME?Norway ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XCanadaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#DKERROR:#NAME?Denmark ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XDenmarkERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#DEERROR:#NAME?Germany ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XGermanyERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?UKERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#UKERROR:#NAME?United KingdomERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XUK/IrelandERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?NorwayERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#IEERROR:#NAME?Ireland ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XNetherlandsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#FRERROR:#NAME?France ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XOther EUERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?RussiaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#BEERROR:#NAME?Belgium ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XOthersERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#NLERROR:#NAME?Netherlands ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XTotal GroupERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#ATERROR:#NAME?Austria ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
Custom2#CHERROR:#NAME?Switzerland ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#ITERROR:#NAME?Italy ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
Custom2#ESERROR:#NAME?Spain ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
Custom2#PTERROR:#NAME?Portugal ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
Custom2#PLERROR:#NAME?Poland ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XOther countriesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#HUERROR:#NAME?Hungary ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
Custom2#CZERROR:#NAME?Czech ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
Custom2#SKERROR:#NAME?Slovakia ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
Baltic countries ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
Custom2#RUERROR:#NAME?Russia ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#SIERROR:#NAME?SloveniaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
East Europe othersERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#USERROR:#NAME?USA ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?North AmericaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#CAERROR:#NAME?Canada ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
South America ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Middle East ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Far East ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Other countries ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#COUNTRIESERROR:#NAME?All countries ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?Tot checkERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
EU totalERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ICP#[ICP Top]ERROR:#NAME?check
ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?Custom3#PRODTOT
Custom2#EEERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äAccount#30699
Custom2#LTERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äCustom2#Functionsttl
Custom2#LVERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#AEERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#AMERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#ANERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#AUERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#BYERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#CNERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#CYERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#GRERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#HRERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#HKHong KongERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#INERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#IRERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#ISERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#JOERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#JPERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#LUERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#MTERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#MXERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äGrowth
Custom2#MYERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä% in EUR+24.0+0.2+15.9+12.0+60.8+28.4+34.7-3.1+8.1+10.0+10.8
Custom2#NZERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä% in Curr.+26.8+17.9+75.6+28.4+27.6+3.7+27.0
Custom2#PKPakistanERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#QAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äSales converted to local currency
Custom2#ROERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä2014201320142013Chg, %
Custom2#RSERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äAverage rates -Sep 2014Average rates - Sep 2013LCLC
Custom2#SAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äCAD1.4802CAD1.35486CanadaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#SGERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äCZK27.4954CZK25.753
Custom2#SYERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äCNY8.3325CNY8.12487
Custom2#TRERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äCHF1.2158CHF1.22867
Custom2#UAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äDKK7.4584DKK7.45722DenmarkERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#ZAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äGBP0.8088GBP0.85381UKERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#LBERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äHUF309.9089HUF298.01889
Custom2#IDERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äLTL3.4528LTL3.4528
Custom2#EGERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äLVL0.7019LVL0.7016
Custom2#KWERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äNOK8.2811NOK7.73444NorwayERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#KRERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äPLN4.1836PLN4.22474
Custom2#BAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äRON4.4372RON4.40377
Custom2#CLERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äRUB48.4057RUB41.90956RussiaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#LIERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äSEK9.0579SEK8.60644SwedenERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#BGERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äUSD1.3487USD1.31841USAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#GEERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äTHB43.7911THB40.18667
Custom2#MKERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äBe careful with the currency rate!
Custom2#OMERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#ETERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#NGERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#IQERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#GIERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#SRERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#ARERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#FOERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#MEERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#LYERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#AOERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#COERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#TNERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#GHERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#PHERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#BRERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#UGERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#GLERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#KZERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#THERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#ALERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#KHERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#MMERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#BDERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#AXERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#TZERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#MAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#YEERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#VNERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#LAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
HungaryNSCO515NSCO515NSCO5158318
CzechNSCO545NSCO545NSCO5455055
SlovakiaNSCO575NSCO575NSCO575686
Baltic countriesNSCO605NSCO605NSCO60511822
RussiaNSCO635NSCO635NSCO6357640
Other CIS countriesNSCO665NSCO665NSCO665633
Other European countr - ExternNSCO695NSCO695NSCO6959219
USANSCO725NSCO725NSCO725251979
CanadaNSCO755NSCO755NSCO75518707
South AmericaNSCO785NSCO785NSCO7853485
Middle EastNSCO815NSCO815NSCO81510868
Far EastNSCO845NSCO845NSCO8456185
Other countriesNSCO875NSCO875NSCO8754234
All countriesNSCO905NSCO905NSCO9051137202
&"Verdana,Regular"&8&F, &A&"Verdana,Regular"&8Printout on &D at &T
Scandinavia16,9%
Other countries4,9%
Jan-Sep 2012
USAGermanyFinlandSwedenCanadaDenmarkUKNorwayNetherlandsRussiaOthers00000000000Jan-Sep 2013
USAGermanyFinlandSwedenCanadaDenmarkUKNorwayNetherlandsRussiaOthers00000000000Jan-Sep 2014
USAGermanyFinlandSwedenCanadaDenmarkUKNorwayNetherlandsRussiaOthers00000000000
-9.1% in EUR-4.1% in NOK
- 9.3%
Key Data
M€1-91-9Change1-12Scenario#ActYear#2016Year#2015Year#2015
20152016Y/Y2015Period#SepPeriod#SepPeriod#Dec
Net sales, continuing operations788.8ERROR:#NAME?ERROR:#NAME?1,050.8
Operating profit, continuing operations57.4ERROR:#NAME?ERROR:#NAME?71.4
Comparable operating profit59.274.6+25.9%75.8View#YTD
Comparable operating profit margin7.5%9.0%1.5%pts7.2%
Earnings per share (diluted), continuing operations, €0.440.47+6.8%0.51fmcluster_FIREX
Return on equity, % (p.a.)14.4%15.3%0.9%pts12.1%ICP#[ICP Top]
Return on investment, % (p.a.)17.3%16.9%-0.4%pts15.5%Custom1#IFRS
Net interest bearing liabilities114.8177.5+54.6%91.3Custom2#FUNCTIONSTTL
Gearing, %37.9%56.6%+18.7%pts29.3%Custom3#PRODTOT
Net working capital of Net sales, % (p.a.)6.6%12.0%+5.4%pts8.1%Value#EUR Total
Number of employees, end of period, continuing operations3,7773,834+1.5%3,735Account#KF_NWC_NSERROR:#NAME?
Entity#1000SG
ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
MEUR1-91-6Muutos1-6
201620112011
Liikevaihto (jatkuvat toiminnot)ERROR:#NAME?395.8ERROR:#NAME?395.8
Liikevoitto (jatkuvat toiminnot)ERROR:#NAME?18.7ERROR:#NAME?18.7
Liikevoitto, % (jatkuvat toiminnot)7460.0%4.7%+0.0%4.7%
Laimennettu osakekohtainen tulos, EUR0.470.15+6.8%0.15
Oman pääoman tuotto, % (p.a.)15.3%8.8%+0.9%8.8%
Sijoitetun pääoman tuotto, % (p.a.)16.9%10.6%-0.4%10.6%
Korolliset nettovelat177.5150.9+54.6%150.9
Velkaantumisaste, %56.6%67.7%+18.7%67.7%
Henkilöstö keskimäärin, jatkuvat toiminnotERROR:#REF!3,281ERROR:#REF!3,281
Henkilöstö 31.12., jatkuvat toiminnot3,8343,400+1.5%3,400
Net Sales (p.a.)
Mika Wilen: Mika Wilen:Net Sales annualisoitava kvartaaleittain
Net Working capital
&"Univers,Bold"&12Uponor Group JL &d
&6&F.&APage &P of &N&6Printout at &D &T
ID YTD Q4
Last year
Connectionfmcluster_FIREX
ScenarioACT
ViewYTDScenario#ACT
ValueView#YTD
Entity8010EntityValue#
Year2016Year#2015Entity#1000sgEntity#8010Entity#9870
ICP[ICP Top]ICP#[ICP none]Year#2016Year#2015Year#2015Year#2016Year#2015
Custom1IFRSICP#[ICP Top]
Custom2c2topCustom1#IFRS
Custom3[None]Custom2#FUNCTIONSTTL
Custom4[None]Custom3#PRODTOT
AccountCustom4#[None]
PeriodSepPeriod#
Period#SepPeriod#SepPeriod#SepPeriod#JunPeriod#Jun
M€1-91-9Change1-12Full figures
20152016Y/Y201520162015201520162015
Continuing operations
30699Account#30699Net salesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?1,050.8ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Cost of goods soldERROR:#NAME?ERROR:#NAME?ERROR:#NAME?680.6ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
33399Account#33399Gross profitERROR:#NAME?ERROR:#NAME?ERROR:#NAME?370.2ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
% of net salesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?pts35.2%
44099Account#44099Other operating incomeERROR:#NAME?ERROR:#NAME?ERROR:#NAME?2.4ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
ExpensesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?301.2ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
49999Account#49999Operating profitERROR:#NAME?ERROR:#NAME?ERROR:#NAME?71.4ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
50999Account#50999 % of net salesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?pts6.8%
51899Account#51899Financial expenses, netERROR:#NAME?ERROR:#NAME?ERROR:#NAME?8.9ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
61000Account#61000Share of result in associated companiesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?0.3ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Profit before taxesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?62.8ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
89999Account#89999Profit for the periodERROR:#NAME?ERROR:#NAME?ERROR:#NAME?37.1ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
51999Account#51999EBITDAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?110.5ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
ERROR:#NAME?
Check with OPERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Depreciation27.131.631,60427,14827,14819,54818,312
MEUR1-9
2016
Jatkuvat toiminnot
LiikevaihtoERROR:#NAME?
Hankinnan ja valmistuksen kulutERROR:#NAME?
BruttokateERROR:#NAME?
- % liikevaihdostaERROR:#NAME?
Liiketoiminnan muut tuototERROR:#NAME?
KulutERROR:#NAME?
LiikevoittoERROR:#NAME?
- % liikevaihdostaERROR:#NAME?
Rahoituskulut, nettoERROR:#NAME?
Tulos ennen verojaERROR:#NAME?
Kauden tulosERROR:#NAME?
EBITDAERROR:#NAME?
Excluding OTC
MEUR1-12
2008
Continuing operations
Net sales949.2949,199
Cost of goods sold604.8604,797
-excluding expenses related to cost reduction programme2.72,652
-excluding scrapping of inventory47004700
Gross profit excluding one time costs344.4344,402
- % of net salesERROR:#DIV/0!
Other operating income1.41,450
Expenses 272.9272,878
- excluding US provision14.514,530
- excluding expenses related to cost reduction programme4.64,622
Operating profit excluding one time costs72.972,974
- % of net salesERROR:#DIV/0!
Operating profit51.251,170
- % of net salesERROR:#NAME?
Financial expenses, net10.210,202
Profit before taxes41.040,968
Profit for the period30.130,070
EBITDA0.051,170
&"Univers,Bold"&12Uponor Group JL &d
&6&F.&APage &P of &N&6Printout at &D &T
ID Q4
M€7-97-9ChangeQuarterly figures
20152016Y/Y20162015
Continuing operations
Net salesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Cost of goods soldERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Gross profitERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
% of net salesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?pts
Other operating incomeERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
ExpensesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Operating profitERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
% of net salesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?pts
Financial expenses, netERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Share of result in associated companiesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Profit before taxesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Profit for the periodERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
EBITDAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Depreciation19.512
MEUR7-9Muutos
2016
Jatkuvat toiminnot
LiikevaihtoERROR:#NAME?ERROR:#NAME?
Hankinnan ja valmistuksen kulutERROR:#NAME?ERROR:#NAME?
BruttokateERROR:#NAME?ERROR:#NAME?
- % liikevaihdostaERROR:#NAME?ERROR:#NAME?
Liiketoiminnan muut tuototERROR:#NAME?0.0%
KulutERROR:#NAME?ERROR:#NAME?
LiikevoittoERROR:#NAME?ERROR:#NAME?
- % liikevaihdostaERROR:#NAME?ERROR:#NAME?
Rahoituskulut, nettoERROR:#NAME?ERROR:#NAME?
Tulos ennen verojaERROR:#NAME?ERROR:#NAME?
Kauden tulosERROR:#NAME?ERROR:#NAME?
EBITDAERROR:#NAME?ERROR:#NAME?
Excluding OTC
MEUR10-12ChangeFull figures
2008Y/Y20082007
Continuing operations
Net salesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Cost of goods soldERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
-excluding expenses related to cost reduction programme2.12,071
Gross profit excluding one time costsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
- % of net salesERROR:#NAME?ERROR:#NAME?
Other operating incomeERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
ExpensesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
- excluding US provision14.514,530
- excluding expenses related to cost reduction programme2.02,000
Operating profit excluding one time costsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
- % of net salesERROR:#NAME?ERROR:#NAME?
Operating profitERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
- % of net salesERROR:#NAME?ERROR:#NAME?
Financial expenses, netERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Profit before taxesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Profit for the periodERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
EBITDAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#REF!
ERROR:#NAME?ERROR:#NAME?
ERROR:#NAME?ERROR:#REF!
ERROR:#REF!ERROR:#REF!
DepreciationERROR:#REF!ERROR:#REF!ERROR:#REF!
&"Univers,Bold"&12Uponor Group JL &d
&6&F.&APage &P of &N&6Printout at &D &T
NS & OP YTD
GRAPH DATA - Net salesGRAPH DATA - Operating profit
Building Solutions - EuropeBuilding Solutions - North AmericaUponor InfraBuilding Solutions - EuropeBuilding Solutions - North AmericaUponor Infra
1-9 2015352.8201.8237.01-9 201522.538.81.4
1-9 2016385.2228.4220.71-9 201630.838.18.4
Currency: M€
Net salesComparable operating profit
okok
ota snipping toolilla kalvoihin - ei tuu suttuista
&"Verdana,Regular"&8Printed on &D at &T
1-9 2015
Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra352.8201.82371-9 2016
Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra385.2228.4220.7
1-9 2015
Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra22.538.7999999999999971.40000000000000011-9 2016
Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra30.838.18.4
Balance Sheet
Last year
Connectionfmcluster_FIREX
ScenarioACT
ViewYTDScenario#ACT
ValueView#YTD
Entity8010EntityValue#
Year2016Year#Entity#1000sgEntity#8010Entity#9870
ICP[ICP Top]ICP#[ICP none]Year#2016Year#Year#2015Year#2015
Custom1IFRSICP#[ICP Top]
Custom2c2topCustom1#IFRS
Custom3[None]Custom2#FUNCTIONSTTL
Custom4[None]Custom3#PRODTOT
AccountCustom4#[None]
PeriodSepPeriod#
Period#Sep
66536.5654413593
M€30 Sep30 SepChange31 Dec
20152016Y/Y201520162015
11999Account#11999Property, plant and equipmentERROR:#NAME?ERROR:#NAME?ERROR:#NAME?221.4ERROR:#NAME?ERROR:#NAME?
10999Account#10999Intangible assetsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?94.7ERROR:#NAME?ERROR:#NAME?
12989Account#12989Securities and long-term investmentsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?21.0ERROR:#NAME?ERROR:#NAME?
13999Account#13999InventoriesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?112.4ERROR:#NAME?ERROR:#NAME?
17999Account#17999Restricted cash41.1--
17999Account#17999Cash and cash equivalentsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?49.2ERROR:#NAME?ERROR:#NAME?
Other current and non-current assetsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?209.1ERROR:#NAME?ERROR:#NAME?
21999Account#21999Total equityERROR:#NAME?ERROR:#NAME?ERROR:#NAME?311.7ERROR:#NAME?ERROR:#NAME?
2575025499Account#25499Account#25750Non-current interest-bearing liabilitiesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?91.2ERROR:#NAME?ERROR:#NAME?
2509927099Account#27099Account#25099ProvisionsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?25.0ERROR:#NAME?ERROR:#NAME?
Current non-interest-bearing liabilitiesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?231.6ERROR:#NAME?ERROR:#NAME?
274002799928779Account#28779Account#27400Account#27999Current interest-bearing liabilitiesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?48.3ERROR:#NAME?ERROR:#NAME?
29999Account#29999Balance sheet totalERROR:#NAME?ERROR:#NAME?ERROR:#NAME?707.8ERROR:#NAME?ERROR:#NAME?
Check - Net Interest Bearing LiabilitiesERROR:#NAME?ERROR:#NAME?96.9
MEUR30.9.30.9.Muutos31.12.
201620152015
Aineelliset käyttöomaisuushyödykkeetERROR:#NAME?ERROR:#NAME?ERROR:#NAME?221.4
Aineettomat hyödykkeetERROR:#NAME?ERROR:#NAME?ERROR:#NAME?94.7
Arvopaperit ja pitkäaikaiset sijoituksetERROR:#NAME?ERROR:#NAME?ERROR:#NAME?21.0
Vaihto-omaisuusERROR:#NAME?ERROR:#NAME?ERROR:#NAME?112.4
Rahat ja pankkisaamisetERROR:#NAME?ERROR:#NAME?ERROR:#NAME?49.2
Muut lyhyt- ja pitkäaikaiset varatERROR:#NAME?ERROR:#NAME?ERROR:#NAME?209.1
Oma pääomaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?311.7
Pitkäaikaiset korolliset velatERROR:#NAME?ERROR:#NAME?ERROR:#NAME?91.2
VarauksetERROR:#NAME?ERROR:#NAME?ERROR:#NAME?25.0
Korottomat velatERROR:#NAME?ERROR:#NAME?ERROR:#NAME?231.6
Lyhytaikaiset korolliset velatERROR:#NAME?ERROR:#NAME?ERROR:#NAME?48.3
Tase yhteensäERROR:#NAME?ERROR:#NAME?ERROR:#NAME?707.8
&"Univers,Bold"&12Uponor Group JL &d
&6&F.&APage &P of &N&6Printout at &D &T
Cash Flow YTD Q2
M€1-91-9Change1-12
20152016Y/Y2015
Net cash from operations+82.9+92.5+9.6+105.6
Change in NWC-41.4-45.9-4.5-15.0
Net payment of income tax and interest-24.5-24.6-0.1-32.4
Cash flow from operations+17.0+22.0+5.0+58.2
Cash flow from investments-24.3-71.8-47.5-41.7
Cash flow before financing-7.3-49.8-42.5+16.5
Dividends and buy backs-30.7-32.2-1.5-30.7
Other financing-1.3+56.2+57.5+2.3
Cash flow from financing-32.0+24.0+56.0-28.4
Conversion differences-0.2+0.0+0.2-0.1
Change in cash and cash equivalents-39.5-25.8+13.7-12.0
M€1-91-9Muutos
20162015
Tulorahoitus92.582.9+9.6
Käyttöpääoman muutos-45.9-41.4-4.5
Maksetut/saadut verot ja korot-24.6-24.5-0.1
Liiketoiminnan rahavirta22.017.0+5.0
Investointien rahavirta-71.8-24.3-47.5
Rahavirta ennen rahoitusta-49.8-7.3-42.5
Osingot ja omien osakkeiden osto-32.2-30.7-1.5
Muu rahoitus+56.2-1.3+57.5
Rahoituksen rahavirta24.0-32.0+56.0
Rahavarojen muutos-25.8-39.3+13.5
Net IB liabilities (2)
FIM
19953212
19962616
19972196
19982123
19992525
Korolliset nettovelat, MEUR (lhs)Gearing vuoden lopussa, % (rhs)
Net interest bearing liabilities, M€ (lhs)Gearing at year end, % (rhs)Avg gearing across quarters, % (rhs)
FAS1995540.2172%
FAS1996440.089%
FAS1997369.385%
FAS1998357.184%
FAS2000310.757%
FAS2001282.853%
FAS2002163.930%
FAS200384.018%
IFRS200433.69%
IFRS2005-26.9-6%
IFRS200621.76%5%
IFRS200784.525%44%
IFRS200860.620%46%
IFRS200964.625%45%
IFRS201066.827%46%
IFRS201183.939%56%
IFRS201294.145%65%
IFRS201396.934%58%
IFRS201482.028%46%
IFRS201591.329%40%
Omavaraisuusaste, % (rhs)
Solvency, % (rhs)
19950.329
19960.376
19970.401
19980.399
20000.483
20010.498
20020.589
20030.598
20040.577
20050.632
20060.536
20070.502
20080.514
20090.518
20100.508
20110.412
20120.415
20130.439
20140.439
20150.443
ROEROI
11.510.8
FAS199512.311.1
FAS199618.814.9
FAS199710.311.7
FAS199813.312.4
FAS199912.813.2
FAS20008.211.3
FAS200111.814.8
FAS20020.34.9
FAS200321.727.0
IFRS*) 200420.328.1
IFRS200525.335.8
IFRS200630.139.2
IFRS200722.722.2
IFRS**) 2008
Net interest bearing liabilities, M€ (lhs)200920102011201220132014201564.59999999999999466.883.994.196.98291.3Gearing at year end, % (rhs)20092010201120122013201420150.250.265000000000000010.393000000000000020.454000000000000010.337000000000000020.276000000000000020.29299999999999998Avg gearing across quarters, % (rhs)20092010201120122013201420150.450.460.557500000000000110.650.578999999999999960.458000000000000020.40400000000000003Solvency, % (rhs)20092010201120122013201420150.518000000000000020.508000000000000010.411999999999999980.414999999999999980.4390.4390.443
*) Including 24.6 MEUR profit from discontinued operations
**) Including 42.4 MEUR profit from discontinued operations
ROE*) 2004200520062007**) 200821.720.325.330.122.7ROI*) 2004200520062007**) 20082728.135.79999999999999739.20000000000000322.2
*) Sisältää 24,6 MEUR lopetettujen toimintojen voittoja**) Sisältää 42,4 MEUR lopetettujen toimintojen voittoja
ROE*) 2004200520062007**) 200821.720.325.330.122.7ROI*) 2004200520062007**) 20082728.135.79999999999999739.20000000000000322.2
Korolliset nettovelat, MEUR (lhs)20052006200720082009-26.921.784.560.664.599999999999994Gearing vuoden lopussa, % (rhs)20052006200720082009-6.4000000000000001E-26.3E-20.2540.198000000000000010.25Omavaraisuusaste, % (rhs)200520062007200820090.632000000000000010.536000000000000030.5020.514088096227306890.51800000000000002
Shareholders (2)
NOT UPDATED
Oras Invest Ltd22.7%Share capitalOras Invest Oy22.7%OsakepääomaOras Invest LtdOras Invest Oy1657178022.6
Varma Mutual Pension Insurance Company 7.1%146.4 MEURKeskinäinen työeläkevakuutusyhtiö Varma 7.1%146.4 MEURVarma Mutual Pension Insurance Company Keskinäinen työeläkevakuutusyhtiö Varma 51620727.1
Ilmarinen Mutual Pension Insurance Company3.7%Keskinäinen Eläkevakuutusyhtiö Ilmarinen3.7%Ilmarinen Mutual Pension Insurance CompanyKeskinäinen Eläkevakuutusyhtiö Ilmarinen27111421.8
Tapiola Mutual Pension Insurance Company1.9%Number of shares outstandingKeskinäinen Eläkevakuutusyhtiö Tapiola1.9%Ulkona olevien osakkeiden lukumääräTapiola Mutual Pension Insurance CompanyKeskinäinen Eläkevakuutusyhtiö Tapiola13565001.9
Sigrid Juselius Foundation1.1%Sigrid Juselius Stiftelse1.1%Sigrid Juselius FoundationSigrid Juselius Stiftelse7732001.1
State Pension Fund1.0%73,046,944Valtion eläkerahasto1.0%73,046,944State Pension FundValtion eläkerahasto7550001.3
Mandatum Life Insurance Company Limited0.8%Mandatum Henkivakuutusosakeyhtiö0.8%Mandatum Life Insurance Company LimitedMandatum Henkivakuutusosakeyhtiö5953102.2
Nominee registration18.8%Hallintarekisteröidyt18.8%13696989
Others42.9%Muut42.9%
100.0%100.0%
73066566
Paasikivi Jukka525,4630.7
Paasikivi Jari520,1140.7
Suomen kulttuurirahasto500,6700.7
Osinko, M€ (lhs)Osinko % osakekoht. tuloksesta (rhs)Paasikivi Pekka443,0960.6
Total dividend M€ (lhs)Payout as % of EPS (rhs)FIMNordea Henkivakuutus Suomi Oy410,5790.6
199611.971Muut42,588,98258
199717.825.2 %106Yhteensä73,066,56699.8
199822.753.8 %135
199925.942.3 %154EPSDividend/share
200030.646.0 %0.870.40
200129.972.1 %0.580.40
200255.587.2 %0.860.75
2003106.90.021.44
200452.058.8 %1.190.70
2005166.0202.7 %1.122.27
2006102.5106.1 %1.321.40
2007102.5100.7 %1.391.40
200862.185.9 %total0.990.85
200936.6312.5 %0.160.50
201040.2161.8 %0.340.55
201125.50.030.3532,149,28925,573,298
201227.884.4 %0.450.38to be updated
201327.8100.0 %0.380.38
201430.784.0 %0.50.42
201532.186.3 %0.510.44
Total dividend M€ (lhs)20102011201220132014201540.20000000000000325.527.7627.76529508000000130.6879577232.149289039999999Payout as % of EPS (rhs)2010201120122013201420151.61764705882352940.8444444444444444410.840.86274509803921573
n/m
AGM IS
Last year
Connectionfmcluster_FIREX
ScenarioACT
ViewYTDScenario#ACT
ValueView#YTD
Entity8010EntityValue#
Year2015Year#2014Entity#1000sgEntity#8010Entity#9870
ICP[ICP Top]ICP#[ICP none]Year#2015Year#2014Year#2014Year#2014Year#2013
Custom1IFRSICP#[ICP Top]
Custom2c2topCustom1#IFRS
Custom3[None]Custom2#FUNCTIONSTTL
Custom4[None]Custom3#PRODTOT
AccountCustom4#[None]
PerioddecERROR:#REF!
Period#decPeriod#DecPeriod#DecPeriod#SepPeriod#Sep
M€Full figures
20142015Muutos %20152014201420142013
30699Account#30699LiikevaihtoERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Hankinnan ja valmistuksen kulutERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
33399Account#33399BruttokateERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
44099Account#44099Liiketoiminnan muut tuototERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Kiinteät kulutERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
49999Account#49999LiikevoittoERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
50999Account#50999
51899Account#51899Rahoitustuotot ja -kulutERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
61000Account#61000Osuus osakkuusyritysten tuloksestaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
VerotERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
89999Account#89999Tilikauden voittoERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
51999Account#51999ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Check with OPERROR:#NAME?
Depreciation36.533.036,45832,96632,96626,95923,918
MEUR0
2015
Jatkuvat toiminnot
LiikevaihtoERROR:#NAME?
Hankinnan ja valmistuksen kulutERROR:#NAME?
BruttokateERROR:#NAME?
- % liikevaihdostaERROR:#REF!
Liiketoiminnan muut tuototERROR:#NAME?
KulutERROR:#NAME?
LiikevoittoERROR:#NAME?
- % liikevaihdostaERROR:#REF!
Rahoituskulut, nettoERROR:#NAME?
Tulos ennen verojaERROR:#REF!
Kauden tulosERROR:#NAME?
EBITDA0.0
Excluding OTC
MEUR1-12
2008
Continuing operations
Net sales949.2949,199
Cost of goods sold604.8604,797
-excluding expenses related to cost reduction programme2.72,652
-excluding scrapping of inventory47004700
Gross profit excluding one time costs344.4344,402
- % of net salesERROR:#DIV/0!
Other operating income1.41,450
Expenses 272.9272,878
- excluding US provision14.514,530
- excluding expenses related to cost reduction programme4.64,622
Operating profit excluding one time costs72.972,974
- % of net salesERROR:#DIV/0!
Operating profit51.251,170
- % of net salesERROR:#NAME?
Financial expenses, net10.210,202
Profit before taxes41.040,968
Profit for the period30.130,070
EBITDA0.051,170
&"Univers,Bold"&12Uponor Group JL &d
&6&F.&APage &P of &N&6Printout at &D &T
AGM Balance Sheet
Last year
Connectionfmcluster_FIREX
ScenarioACT
ViewYTDScenario#ACT
ValueView#YTD
Entity8010EntityValue#
Year2015Year#Entity#1000sgEntity#8010Entity#9870
ICP[ICP Top]ICP#[ICP none]Year#2015Year#Year#2014Year#2014
Custom1IFRSICP#[ICP Top]
Custom2c2topCustom1#IFRS
Custom3[None]Custom2#FUNCTIONSTTL
Custom4[None]Custom3#PRODTOT
AccountCustom4#[None]
PeriodDecPeriod#
Period#Dec
66536.5654413593
M€31 Dec
20142015Muutos %201320152014
12999Account#12999Pitkäaikaiset varatERROR:#NAME?ERROR:#NAME?ERROR:#NAME?201.8ERROR:#NAME?ERROR:#NAME?
19999Account#19999Lyhytaikaiset varatERROR:#NAME?ERROR:#NAME?ERROR:#NAME?102.8ERROR:#NAME?ERROR:#NAME?
19999Account#19999Varat yhteensäERROR:#NAME?ERROR:#NAME?ERROR:#NAME?10.8ERROR:#NAME?ERROR:#NAME?
20000Account#20000OsakepääomaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?53.7ERROR:#NAME?ERROR:#NAME?
Muu oma pääomaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?176.5ERROR:#NAME?ERROR:#NAME?
22000Account#22000Määräysvallattomien omistajien osuusERROR:#NAME?ERROR:#NAME?ERROR:#NAME?287.7ERROR:#NAME?ERROR:#NAME?
22099Account#22099Oma pääoma yhteensäERROR:#NAME?ERROR:#NAME?ERROR:#NAME?136.4ERROR:#NAME?ERROR:#NAME?
26999Account#26999Pitkäaikaiset velatERROR:#NAME?ERROR:#NAME?ERROR:#NAME?22.1ERROR:#NAME?ERROR:#NAME?
28999Account#28999Lyhytaikaiset velatERROR:#NAME?ERROR:#NAME?ERROR:#NAME?200.6ERROR:#NAME?ERROR:#NAME?
274002799928779Account#28779Account#27400Account#27999Velat yhteensäERROR:#NAME?ERROR:#NAME?ERROR:#NAME?14.2ERROR:#NAME?ERROR:#NAME?
29999Account#29999Oma pääoma ja velat yhteensäERROR:#NAME?ERROR:#NAME?ERROR:#NAME?661.0ERROR:#NAME?ERROR:#NAME?
Check - Net Interest Bearing LiabilitiesERROR:#NAME?ERROR:#NAME?96.9
MEUR30.9.30.9.Muutos31.12.
201520142013
Aineelliset käyttöomaisuushyödykkeetERROR:#NAME?ERROR:#NAME?ERROR:#NAME?201.8
Aineettomat hyödykkeetERROR:#NAME?ERROR:#NAME?ERROR:#NAME?102.8
Arvopaperit ja pitkäaikaiset sijoituksetERROR:#NAME?ERROR:#NAME?ERROR:#NAME?10.8
Vaihto-omaisuus0.00.0+0.00.0
Rahat ja pankkisaamisetERROR:#NAME?ERROR:#NAME?ERROR:#NAME?53.7
Muut lyhyt- ja pitkäaikaiset varatERROR:#NAME?ERROR:#NAME?ERROR:#NAME?176.5
Oma pääomaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?287.7
Pitkäaikaiset korolliset velatERROR:#NAME?ERROR:#NAME?ERROR:#NAME?136.4
VarauksetERROR:#NAME?ERROR:#NAME?ERROR:#NAME?22.1
Korottomat velatERROR:#NAME?ERROR:#NAME?ERROR:#NAME?200.6
Lyhytaikaiset korolliset velatERROR:#NAME?ERROR:#NAME?ERROR:#NAME?14.2
Tase yhteensäERROR:#NAME?ERROR:#NAME?ERROR:#NAME?661.0
&"Univers,Bold"&12Uponor Group JL &d
&6&F.&APage &P of &N&6Printout at &D &T
AGM NS ja OP kehitys
Connectionfmcluster_Firex
ScenarioActScenario#Act
ViewYTDView#YTD
ValueEURValue#EUR
Entity1000sgEntity#1000sg
Year2006200720082009201020112012201320142015
ICP[ICP Top]ICP#[ICP Top]#2006#2007Year#2008Year#2009Year#2010Year#2011Year#2012Year#2013Year#2014Year#2015
Custom1IFRSCustom1#IFRS
Custom2functionsttlCustom2#functionsttl
Custom3prodtotCustom3#prodtot
Custom4[None]Custom4#[None]
Account30699Account#30699
PeriodDecPeriod#Dec06070809101112131415
Account49999Account#49999Liikevaihto1003.71047.4949.2ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Liikevoitto (oik.)132.9135.7451.241.252.4ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
M€M€
28%
Liikevaihto060708091011121314151003.71047.4000000000001949.20000000Liikevoitto (oik.)132.9135.7451.241.252.400000
AGM OPO ja tuoton kehitys (2)
Connectionfmcluster_Firex
ScenarioActScenario#Act
ViewYTDView#YTD
ValueEURValue#EUR
Entity1000sgEntity#1000sg
Year2006200720082009201020112012201320142015
ICP[ICP Top]ICP#[ICP Top]#2006#2007Year#2008Year#2009Year#2010Year#2011Year#2012Year#2013Year#2014Year#2015
Custom1IFRSCustom1#IFRS
Custom2functionsttlCustom2#functionsttl
Custom3prodtotCustom3#prodtot
Custom4[None]Custom4#[None]
Account30699Account#30699
PeriodDecPeriod#Dec06070809101112131415
Account49999Account#49999Oma pääoma344.4333305.6258252.1209.2207.3219.7231.1248
ROE25.3030.1022.704.109.700.7015.7010.8012.3012.10
M€ %
* emoyhtiön omistajille kuuluva pääoma
28%
Oma pääoma06070809101112131415344.4333305.60000000000002258252.1209.2207.3219.7231.1248ROE25.330.09999999999999822.74.10000000000000059.70000000000000110.7000000000000000715.710.812.312.1
AGM Koroll net velk + velkaste)
06070809101112131415
Korolliset nettovelat21.784.560.664.666.883.994.196.98291.3
Velkaantumisaste6.325.419.82526.539.345.433.727.629.3
M€ %
28%
Korolliset nettovelat0607080910111213141521.784.560.664.59999999999999466.883.994.196.98291.3Velkaantumisaste6.325.419.82526.539.30000000000000445.433.70000000000000327.629.3
AGM Cash Flow YTD Q2 (2)
M€1-12
20142015Muutos %2013
Liiketoiminnan rahavirta+75.7+58.2-23.1+87.9+17.5
Investointien rahavirta-30.6-41.7+36.3
Rahavirta ennen rahoitusta+45.1+16.5-63.4
Rahoituksen rahavirta-37.7-28.4-24.7
Rahavarojen muutos+6.5-12.0-284.6
M€00Muutos
20142015
Tulorahoitus75.758.2-17.5
Käyttöpääoman muutos0.0+0.0+0.0
Maksetut/saadut verot ja korot0.00.0+0.0
Liiketoiminnan rahavirta75.758.2-17.5
Investointien rahavirta0.0+0.0+0.0
Rahavirta ennen rahoitusta75.758.2-17.5
Osingot ja omien osakkeiden osto0.00.0+0.0
Muu rahoitus+0.0+0.0+0.0
Rahoituksen rahavirta0.00.0+0.0
Rahavarojen muutos75.758.2-17.5
NS & OP Q
GRAPH DATA - Net salesGRAPH DATA - Operating profit
Building Solutions - EuropeBuilding Solutions - North AmericaUponor InfraBuilding Solutions - EuropeBuilding Solutions - North AmericaUponor Infra
Q4 2012121.638.131.4Q4 20129.43.5-2.7
Q4 2013112.043.683.7Q4 20130.35.8-9.0
Currency: M€
&"Verdana,Regular"&8Printed on &D at &T
Q4 2012Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra121.638.131.4Q4 2013Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra11243.683.7
Q4 2012Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra9.43.5-2.7Q4 2013Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra0.35.8-9
Net sales by b group (2)
Connectionfmcluster_Firex
ScenarioActScenario#Act
ViewYTDView#YTD
ValueEURValue#EUR
Entity1000sgEntity#1000sg
Year201220132014Year#2012Year#2013Year#2014
ICP[ICP Top]ICP#[ICP Top]ICCustom3#ICERROR:#NAME?ERROR:#NAME?ERROR:#NAME?Indoor Climate Solutions
ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom1IFRSCustom1#IFRSPLCustom3#PLERROR:#NAME?ERROR:#NAME?ERROR:#NAME?Plumbing Solutions
ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2[None]Custom2#[None]INFTOTCustom3#INFTOTERROR:#NAME?ERROR:#NAME?ERROR:#NAME?Infrastructure Solutions
ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom3OEMCustom3#OEMERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom4[None]Custom4#[None]PLACustom3#PLAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Account30699Account#30699ProdtotCustom3#ProdtotERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
PeriodDecPeriod#DecERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
M€
Indoor Climate Solutions
201220132014000Plumbing Solutions
201220132014000Infrastructure Solutions
201220132014000
28%
NS & OP Q (KWH historic)
Last yearCurrent period
Connectionfmcluster_FIREX
ScenarioACT
ViewYTDScenario#ACT
ValueView#YTD
Entity8010Value#
Year20142013Year#Entity#8010
ICP[ICP Top]Year#2014Year#2013
Custom1IFRSICP#[ICP Top]
Custom2c2topCustom1#IFRS
Custom3[None]Custom2#FUNCTIONSTTL
Custom4[None]Custom3#PRODTOT
Account30699Custom4#[None]
PerioddecdecPeriod#Account#30699ERROR:#NAME?
Account#49999ERROR:#NAME?
GRAPH DATA - Net salesGRAPH DATA - Operating profit
Uponor InfraUponor InfraNet sales
KWH Pipe Group (including only infra business) Q1 + Q2 Uponor InfraKWH Pipe Group (including only infra business) Q1 + Q2 Uponor InfraPeriod#decPeriod#decQ1
1-12 201397.8261.41-12 2013-0.5-2.32014ERROR:#NAME?Entity#9100ERROR:#NAME?ERROR:#NAME?
1-12 2014ERROR:#NAME?1-12 2014ERROR:#NAME?ERROR:#NAME?Entity#9150ERROR:#NAME?ERROR:#NAME?
2013ERROR:#NAME?Entity#9100ERROR:#NAME?ERROR:#NAME?
Currency: M€
Net salesOperating profitOP
Period#decPeriod#decQ1
2014ERROR:#NAME?Entity#9100ERROR:#NAME?ERROR:#NAME?
ERROR:#NAME?Entity#9150ERROR:#NAME?ERROR:#NAME?
2013ERROR:#NAME?Entity#9100ERROR:#NAME?ERROR:#NAME?
&"Verdana,Regular"&8Printed on &D at &T
Uponor Infra1-12 20131-12 2014261.399999999999980KWH Pipe Group (including only infra business) Q1 + Q2 1-12 20131-12 201497.8
1-12 20131-12 2014KWH Pipe Group (including only infra business) Q1 + Q2 1-12 20131-12 2014-0.5Uponor Infra1-12 20131-12 2014-2.29999999999999980
Uponor Infra1-12 20131-12 2014-2.29999999999999980KWH Pipe Group (including only infra business) Q1 + Q2 1-12 20131-12 2014-0.5
ROI and ROE
Q1/2000Q1/2001
ROI7.82%4.40%
ROE6.79%3.05%
&"Univers,Bold"&12Uponor Group JL &d
&6&F.&APage &P of &N&6Printout at &D &T
Solidity and Gearing
Q1/2000Q4/2000Q1/2001
Solidity36.90%48.30%44.80%
Gearing88.90%57.00%65.70%
&"Univers,Bold"&12Uponor Group JL &d
&6&F.&APage &P of &N&6Printout at &D &T
Jarmo ROI ROE Solidity
3/200012/20003/2001
ROI7.80%13.20%4.40%
ROE6.79%12.80%3.05%
Solidity36.90%48.30%44.80%
&"Univers,Bold"&12Uponor Group JL &d
&6&F.&APage &P of &N&6Printout at &D &T
ROI3/200012/20003/20017.8E-20.132000000000000014.3999999999999997E-2ROE3/200012/20003/20016.7900000000000002E-20.1283.0499999999999999E-2Solidity3/200012/20003/20010.368999999999999990.482999999999999980.44800000000000001
-
© Uponor24
July – September 2016:Income statement
• Organic net sales growth flat and somewhat lower than in H1 2016. Small (-€1.9m) impact of currency changes
• Comparable gross profit margin 34.4% (34.7%)
• Expenses slightly up due to IAC, German acquisitions and Building Solutions - North America, offsetting the favourable progress in cost saving from the European transformation programmes
• Comparable operating profit€29.0m (10.2%), up 17.7%
• Financial expenses, net up €2.4m, driven by the strengthening of the NOK and RUB
M€ 7-9 7-9 Change2015 2016 Y/Y
Continuing operationsNet sales 274.1 284.1 +3.6%
Cost of goods sold 179.1 187.3 +4.6%Gross profit 95.0 96.8 +1.8%
% of net sales 34.7% 34.1% -0.6% ptsOther operating income 0.2 0.4
Expenses 71.6 72.1 +0.7%Operating profit 23.6 25.1 +6.0%
% of net sales 8.6% 8.8% +0.2% ptsFinancial expenses, net -0.7 1.7 +372.1%
Share of result in associated companies 0.1 0.1 +2.9%Profit before taxes 24.4 23.5 -3.5%
Profit for the period 15.4 14.8 -3.5%EBITDA 32.7 37.2 +14.3%
October 2016 Q3 2016 Roadshow presentation
Top 10 countries YTD Q314
fmcluster_FIREXCustom1#IFRSScenario#ACTScenario#ACTScenario#ACT
View#YTDCustom3#[None]Year#2012Year#2013Year#201410 biggest COUNTRIES
Entity#8010Custom4#[None]Period#SepPeriod#SepPeriod#Sep
Value#EUR totalNET SALES - not including all countries
Account#N30699
ICP#[ICP None]Jan-Sep 2012Jan-Sep 2013Jan-Sep 2014Jan-Sep 2012Jan-Sep 2013Jan-Sep 2014Jan-Sep 2012Jan-Sep 2013Jan-Sep 2014of totalChange %
USAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
GermanyERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#FIERROR:#NAME?Finland ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XFinlandERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?FinlandERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#SEERROR:#NAME?Sweden ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XScandinaviaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?SwedenERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#NOERROR:#NAME?Norway ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XCanadaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#DKERROR:#NAME?Denmark ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XDenmarkERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#DEERROR:#NAME?Germany ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XGermanyERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?UKERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#UKERROR:#NAME?United KingdomERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XUK/IrelandERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?NorwayERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#IEERROR:#NAME?Ireland ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XNetherlandsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#FRERROR:#NAME?France ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XOther EUERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?RussiaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#BEERROR:#NAME?Belgium ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XOthersERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#NLERROR:#NAME?Netherlands ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XTotal GroupERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#ATERROR:#NAME?Austria ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
Custom2#CHERROR:#NAME?Switzerland ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#ITERROR:#NAME?Italy ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
Custom2#ESERROR:#NAME?Spain ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
Custom2#PTERROR:#NAME?Portugal ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
Custom2#PLERROR:#NAME?Poland ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XOther countriesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#HUERROR:#NAME?Hungary ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
Custom2#CZERROR:#NAME?Czech ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
Custom2#SKERROR:#NAME?Slovakia ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
Baltic countries ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
Custom2#RUERROR:#NAME?Russia ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#SIERROR:#NAME?SloveniaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?X
East Europe othersERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#USERROR:#NAME?USA ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?North AmericaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#CAERROR:#NAME?Canada ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
South America ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Middle East ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Far East ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Other countries ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#COUNTRIESERROR:#NAME?All countries ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?Tot checkERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
EU totalERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?XERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ICP#[ICP Top]ERROR:#NAME?check
ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?Custom3#PRODTOT
Custom2#EEERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äAccount#30699
Custom2#LTERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äCustom2#Functionsttl
Custom2#LVERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#AEERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#AMERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#ANERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#AUERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#BYERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#CNERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#CYERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#GRERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#HRERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#HKHong KongERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#INERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#IRERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#ISERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#JOERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#JPERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#LUERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#MTERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#MXERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äGrowth
Custom2#MYERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä% in EUR+24.0+0.2+15.9+12.0+60.8+28.4+34.7-3.1+8.1+10.0+10.8
Custom2#NZERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä% in Curr.+26.8+17.9+75.6+28.4+27.6+3.7+27.0
Custom2#PKPakistanERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#QAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äSales converted to local currency
Custom2#ROERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä2014201320142013Chg, %
Custom2#RSERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äAverage rates -Sep 2014Average rates - Sep 2013LCLC
Custom2#SAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äCAD1.4802CAD1.35486CanadaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#SGERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äCZK27.4954CZK25.753
Custom2#SYERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äCNY8.3325CNY8.12487
Custom2#TRERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äCHF1.2158CHF1.22867
Custom2#UAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äDKK7.4584DKK7.45722DenmarkERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#ZAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äGBP0.8088GBP0.85381UKERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#LBERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äHUF309.9089HUF298.01889
Custom2#IDERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äLTL3.4528LTL3.4528
Custom2#EGERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äLVL0.7019LVL0.7016
Custom2#KWERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äNOK8.2811NOK7.73444NorwayERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#KRERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äPLN4.1836PLN4.22474
Custom2#BAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äRON4.4372RON4.40377
Custom2#CLERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äRUB48.4057RUB41.90956RussiaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#LIERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äSEK9.0579SEK8.60644SwedenERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#BGERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äUSD1.3487USD1.31841USAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Custom2#GEERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äTHB43.7911THB40.18667
Custom2#MKERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?äBe careful with the currency rate!
Custom2#OMERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#ETERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#NGERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#IQERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#GIERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#SRERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#ARERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#FOERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#MEERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#LYERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#AOERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#COERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#TNERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#GHERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#PHERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#BRERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#UGERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#GLERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#KZERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#THERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#ALERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#KHERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#MMERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#BDERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#AXERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#TZERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#MAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#YEERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#VNERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
Custom2#LAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ä
HungaryNSCO515NSCO515NSCO5158318
CzechNSCO545NSCO545NSCO5455055
SlovakiaNSCO575NSCO575NSCO575686
Baltic countriesNSCO605NSCO605NSCO60511822
RussiaNSCO635NSCO635NSCO6357640
Other CIS countriesNSCO665NSCO665NSCO665633
Other European countr - ExternNSCO695NSCO695NSCO6959219
USANSCO725NSCO725NSCO725251979
CanadaNSCO755NSCO755NSCO75518707
South AmericaNSCO785NSCO785NSCO7853485
Middle EastNSCO815NSCO815NSCO81510868
Far EastNSCO845NSCO845NSCO8456185
Other countriesNSCO875NSCO875NSCO8754234
All countriesNSCO905NSCO905NSCO9051137202
&"Verdana,Regular"&8&F, &A&"Verdana,Regular"&8Printout on &D at &T
Scandinavia16,9%
Other countries4,9%
Jan-Sep 2012
USAGermanyFinlandSwedenCanadaDenmarkUKNorwayNetherlandsRussiaOthers00000000000Jan-Sep 2013
USAGermanyFinlandSwedenCanadaDenmarkUKNorwayNetherlandsRussiaOthers00000000000Jan-Sep 2014
USAGermanyFinlandSwedenCanadaDenmarkUKNorwayNetherlandsRussiaOthers00000000000
-9.1% in EUR-4.1% in NOK
- 9.3%
Key Data
M€1-91-9Change1-12Scenario#ActYear#2016Year#2015Year#2015
20152016Y/Y2015Period#SepPeriod#SepPeriod#Dec
Net sales, continuing operations788.8ERROR:#NAME?ERROR:#NAME?1,050.8
Operating profit, continuing operations57.4ERROR:#NAME?ERROR:#NAME?71.4
Comparable operating profit59.274.6+25.9%75.8View#YTD
Comparable operating profit margin7.5%9.0%1.5%pts7.2%
Earnings per share (diluted), continuing operations, €0.440.47+6.8%0.51fmcluster_FIREX
Return on equity, % (p.a.)14.4%15.3%0.9%pts12.1%ICP#[ICP Top]
Return on investment, % (p.a.)17.3%16.9%-0.4%pts15.5%Custom1#IFRS
Net interest bearing liabilities114.8177.5+54.6%91.3Custom2#FUNCTIONSTTL
Gearing, %37.9%56.6%+18.7%pts29.3%Custom3#PRODTOT
Net working capital of Net sales, % (p.a.)6.6%12.0%+5.4%pts8.1%Value#EUR Total
Number of employees, end of period, continuing operations3,7773,834+1.5%3,735Account#KF_NWC_NSERROR:#NAME?
Entity#1000SG
ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
MEUR1-91-6Muutos1-6
201620112011
Liikevaihto (jatkuvat toiminnot)ERROR:#NAME?395.8ERROR:#NAME?395.8
Liikevoitto (jatkuvat toiminnot)ERROR:#NAME?18.7ERROR:#NAME?18.7
Liikevoitto, % (jatkuvat toiminnot)7460.0%4.7%+0.0%4.7%
Laimennettu osakekohtainen tulos, EUR0.470.15+6.8%0.15
Oman pääoman tuotto, % (p.a.)15.3%8.8%+0.9%8.8%
Sijoitetun pääoman tuotto, % (p.a.)16.9%10.6%-0.4%10.6%
Korolliset nettovelat177.5150.9+54.6%150.9
Velkaantumisaste, %56.6%67.7%+18.7%67.7%
Henkilöstö keskimäärin, jatkuvat toiminnotERROR:#REF!3,281ERROR:#REF!3,281
Henkilöstö 31.12., jatkuvat toiminnot3,8343,400+1.5%3,400
Net Sales (p.a.)
Mika Wilen: Mika Wilen:Net Sales annualisoitava kvartaaleittain
Net Working capital
&"Univers,Bold"&12Uponor Group JL &d
&6&F.&APage &P of &N&6Printout at &D &T
ID YTD Q4
Last year
Connectionfmcluster_FIREX
ScenarioACT
ViewYTDScenario#ACT
ValueView#YTD
Entity8010EntityValue#
Year2016Year#2015Entity#1000sgEntity#8010Entity#9870
ICP[ICP Top]ICP#[ICP none]Year#2016Year#2015Year#2015Year#2016Year#2015
Custom1IFRSICP#[ICP Top]
Custom2c2topCustom1#IFRS
Custom3[None]Custom2#FUNCTIONSTTL
Custom4[None]Custom3#PRODTOT
AccountCustom4#[None]
PeriodSepPeriod#
Period#SepPeriod#SepPeriod#SepPeriod#JunPeriod#Jun
M€1-91-9Change1-12Full figures
20152016Y/Y201520162015201520162015
Continuing operations
30699Account#30699Net salesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?1,050.8ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Cost of goods soldERROR:#NAME?ERROR:#NAME?ERROR:#NAME?680.6ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
33399Account#33399Gross profitERROR:#NAME?ERROR:#NAME?ERROR:#NAME?370.2ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
% of net salesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?pts35.2%
44099Account#44099Other operating incomeERROR:#NAME?ERROR:#NAME?ERROR:#NAME?2.4ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
ExpensesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?301.2ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
49999Account#49999Operating profitERROR:#NAME?ERROR:#NAME?ERROR:#NAME?71.4ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
50999Account#50999 % of net salesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?pts6.8%
51899Account#51899Financial expenses, netERROR:#NAME?ERROR:#NAME?ERROR:#NAME?8.9ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
61000Account#61000Share of result in associated companiesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?0.3ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Profit before taxesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?62.8ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
89999Account#89999Profit for the periodERROR:#NAME?ERROR:#NAME?ERROR:#NAME?37.1ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
51999Account#51999EBITDAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?110.5ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
ERROR:#NAME?
Check with OPERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Depreciation27.131.631,60427,14827,14819,54818,312
MEUR1-9
2016
Jatkuvat toiminnot
LiikevaihtoERROR:#NAME?
Hankinnan ja valmistuksen kulutERROR:#NAME?
BruttokateERROR:#NAME?
- % liikevaihdostaERROR:#NAME?
Liiketoiminnan muut tuototERROR:#NAME?
KulutERROR:#NAME?
LiikevoittoERROR:#NAME?
- % liikevaihdostaERROR:#NAME?
Rahoituskulut, nettoERROR:#NAME?
Tulos ennen verojaERROR:#NAME?
Kauden tulosERROR:#NAME?
EBITDAERROR:#NAME?
Excluding OTC
MEUR1-12
2008
Continuing operations
Net sales949.2949,199
Cost of goods sold604.8604,797
-excluding expenses related to cost reduction programme2.72,652
-excluding scrapping of inventory47004700
Gross profit excluding one time costs344.4344,402
- % of net salesERROR:#DIV/0!
Other operating income1.41,450
Expenses 272.9272,878
- excluding US provision14.514,530
- excluding expenses related to cost reduction programme4.64,622
Operating profit excluding one time costs72.972,974
- % of net salesERROR:#DIV/0!
Operating profit51.251,170
- % of net salesERROR:#NAME?
Financial expenses, net10.210,202
Profit before taxes41.040,968
Profit for the period30.130,070
EBITDA0.051,170
&"Univers,Bold"&12Uponor Group JL &d
&6&F.&APage &P of &N&6Printout at &D &T
ID Q4
M€7-97-9ChangeQuarterly figures
20152016Y/Y20162015
Continuing operations
Net salesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Cost of goods soldERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Gross profitERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
% of net salesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?pts
Other operating incomeERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
ExpensesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Operating profitERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
% of net salesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?pts
Financial expenses, netERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Share of result in associated companiesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Profit before taxesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Profit for the periodERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
EBITDAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Depreciation19.512
MEUR7-9Muutos
2016
Jatkuvat toiminnot
LiikevaihtoERROR:#NAME?ERROR:#NAME?
Hankinnan ja valmistuksen kulutERROR:#NAME?ERROR:#NAME?
BruttokateERROR:#NAME?ERROR:#NAME?
- % liikevaihdostaERROR:#NAME?ERROR:#NAME?
Liiketoiminnan muut tuototERROR:#NAME?0.0%
KulutERROR:#NAME?ERROR:#NAME?
LiikevoittoERROR:#NAME?ERROR:#NAME?
- % liikevaihdostaERROR:#NAME?ERROR:#NAME?
Rahoituskulut, nettoERROR:#NAME?ERROR:#NAME?
Tulos ennen verojaERROR:#NAME?ERROR:#NAME?
Kauden tulosERROR:#NAME?ERROR:#NAME?
EBITDAERROR:#NAME?ERROR:#NAME?
Excluding OTC
MEUR10-12ChangeFull figures
2008Y/Y20082007
Continuing operations
Net salesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Cost of goods soldERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
-excluding expenses related to cost reduction programme2.12,071
Gross profit excluding one time costsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
- % of net salesERROR:#NAME?ERROR:#NAME?
Other operating incomeERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
ExpensesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
- excluding US provision14.514,530
- excluding expenses related to cost reduction programme2.02,000
Operating profit excluding one time costsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
- % of net salesERROR:#NAME?ERROR:#NAME?
Operating profitERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
- % of net salesERROR:#NAME?ERROR:#NAME?
Financial expenses, netERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Profit before taxesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
Profit for the periodERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?
EBITDAERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#REF!
ERROR:#NAME?ERROR:#NAME?
ERROR:#NAME?ERROR:#REF!
ERROR:#REF!ERROR:#REF!
DepreciationERROR:#REF!ERROR:#REF!ERROR:#REF!
&"Univers,Bold"&12Uponor Group JL &d
&6&F.&APage &P of &N&6Printout at &D &T
NS & OP YTD
GRAPH DATA - Net salesGRAPH DATA - Operating profit
Building Solutions - EuropeBuilding Solutions - North AmericaUponor InfraBuilding Solutions - EuropeBuilding Solutions - North AmericaUponor Infra
1-9 2015352.8201.8237.01-9 201522.538.81.4
1-9 2016385.2228.4220.71-9 201630.838.18.4
Currency: M€
Net salesComparable operating profit
okok
ota snipping toolilla kalvoihin - ei tuu suttuista
&"Verdana,Regular"&8Printed on &D at &T
1-9 2015
Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra352.8201.82371-9 2016
Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra385.2228.4220.7
1-9 2015
Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra22.538.7999999999999971.40000000000000011-9 2016
Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra30.838.18.4
Balance Sheet
Last year
Connectionfmcluster_FIREX
ScenarioACT
ViewYTDScenario#ACT
ValueView#YTD
Entity8010EntityValue#
Year2016Year#Entity#1000sgEntity#8010Entity#9870
ICP[ICP Top]ICP#[ICP none]Year#2016Year#Year#2015Year#2015
Custom1IFRSICP#[ICP Top]
Custom2c2topCustom1#IFRS
Custom3[None]Custom2#FUNCTIONSTTL
Custom4[None]Custom3#PRODTOT
AccountCustom4#[None]
PeriodSepPeriod#
Period#Sep
66536.5654413593
M€30 Sep30 SepChange31 Dec
20152016Y/Y201520162015
11999Account#11999Property, plant and equipmentERROR:#NAME?ERROR:#NAME?ERROR:#NAME?221.4ERROR:#NAME?ERROR:#NAME?
10999Account#10999Intangible assetsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?94.7ERROR:#NAME?ERROR:#NAME?
12989Account#12989Securities and long-term investmentsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?21.0ERROR:#NAME?ERROR:#NAME?
13999Account#13999InventoriesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?112.4ERROR:#NAME?ERROR:#NAME?
17999Account#17999Restricted cash41.1--
17999Account#17999Cash and cash equivalentsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?49.2ERROR:#NAME?ERROR:#NAME?
Other current and non-current assetsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?209.1ERROR:#NAME?ERROR:#NAME?
21999Account#21999Total equityERROR:#NAME?ERROR:#NAME?ERROR:#NAME?311.7ERROR:#NAME?ERROR:#NAME?
2575025499Account#25499Account#25750Non-current interest-bearing liabilitiesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?91.2ERROR:#NAME?ERROR:#NAME?
2509927099Account#27099Account#25099ProvisionsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?25.0ERROR:#NAME?ERROR:#NAME?
Current non-interest-bearing liabilitiesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?231.6ERROR:#NAME?ERROR:#NAME?
274002799928779Account#28779Account#27400Account#27999Current interest-bearing liabilitiesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?48.3ERROR:#NAME?ERROR:#NAME?
29999Account#29999Balance sheet totalERROR:#NAME?ERROR:#NAME?ERROR:#NAME?707.8ERROR:#NAME?ERROR:#NAME?
Check - Net Interest Bearing LiabilitiesERROR:#NAME?ERROR:#NAME?96.9
MEUR30.9.30.9.Muutos31.12.
201620152015
Aineelliset käyttöomaisuushyödykkeetERROR:#NAME?ERROR:#NAME?ERROR:#NAME?221.4
Aineettomat hyödykkeetERROR:#NAME?ERROR:#NAME?ERROR:#NAME?94.7
Arvopaperit ja pitkäaikaiset sijoituksetERROR:#NAME?ERROR:#NAME?ERROR:#NAME?21.0
Vaihto-omaisuusERROR:#NAME?ERROR:#NAME?ERROR:#NAME?112.4
Rahat ja pankkisaamisetERROR:#NAME?ERROR:#NAME?ERROR:#NAME?49.2
Muut lyhyt- ja pitkäaikaiset varatERROR:#NAME?ERROR:#NAME?ERROR:#NAME?209.1
Oma pääomaERROR:#NAME?ERROR:#NAME?ERROR:#NAME?311.7
Pitkäaikaiset korolliset velatERROR:#NAME?ERROR:#NAME?ERROR:#NAME?91.2
VarauksetERROR:#NAME?ERROR:#NAME?ERROR:#NAME?25.0
Korottomat velatERROR:#NAME?ERROR:#NAME?ERROR:#NAME?231.6
Lyhytaikaiset korolliset velatERROR:#NAME?ERROR:#NAME?ERROR:#NAME?48.3
Tase yhteensäERROR:#NAME?ERROR:#NAME?ERROR:#NAME?707.8
&"Univers,Bold"&12Uponor Group JL &d
&6&F.&APage &P of &N&6Printout at &D &T
Cash Flow YTD Q2
M€1-91-9Change1-12
20152016Y/Y2015
Net cash from operations+82.9+92.5+9.6+105.6
Change in NWC-41.4-45.9-4.5-15.0
Net payment of income tax and interest-24.5-24.6-0.1-32.4
Cash flow from operations+17.0+22.0+5.0+58.2
Cash flow from investments-24.3-71.8-47.5-41.7
Cash flow before financing-7.3-49.8-42.5+16.5
Dividends and buy backs-30.7-32.2-1.5-30.7
Other financing-1.3+56.2+57.5+2.3
Cash flow from financing-32.0+24.0+56.0-28.4
Conversion differences-0.2+0.0+0.2-0.1
Change in cash and cash equivalents-39.5-25.8+13.7-12.0
M€1-91-9Muutos
20162015
Tulorahoitus92.582.9+9.6
Käyttöpääoman muutos-45.9-41.4-4.5
Maksetut/saadut verot ja korot-24.6-24.5-0.1
Liiketoiminnan rahavirta22.017.0+5.0
Investointien rahavirta-71.8-24.3-47.5
Rahavirta ennen rahoitusta-49.8-7.3-42.5
Osingot ja omien osakkeiden osto-32.2-30.7-1.5
Muu rahoitus+56.2-1.3+57.5
Rahoituksen rahavirta24.0-32.0+56.0
Rahavarojen muutos-25.8-39.3+13.5
Net IB liabilities (2)
FIM
19953212
19962616
19972196
19982123
19992525
Korolliset nettovelat, MEUR (lhs)Gearing vuoden lopussa, % (rhs)
Net interest bearing liabilities, M€ (lhs)Gearing at year end, % (rhs)Avg gearing across quarters, % (rhs)
FAS1995540.2172%
FAS1996440.089%
FAS1997369.385%
FAS1998357.184%
FAS2000310.757%
FAS2001282.853%
FAS2002163.930%
FAS200384.018%
IFRS200433.69%
IFRS2005-26.9-6%
IFRS200621.76%5%
IFRS200784.525%44%
IFRS200860.620%46%
IFRS200964.625%45%
IFRS201066.827%46%
IFRS201183.939%56%
IFRS201294.145%65%
IFRS201396.934%58%
IFRS201482.028%46%
IFRS201591.329%40%
Omavaraisuusaste, % (rhs)
Solvency, % (rhs)
19950.329
19960.376
19970.401
19980.399
20000.483
20010.498
20020.589
20030.598
20040.577
20050.632
20060.536
20070.502
20080.514
20090.518
20100.508
20110.412
20120.415
20130.439
20140.439
20150.443
ROEROI
11.510.8
FAS199512.311.1
FAS199618.814.9
FAS199710.311.7
FAS199813.312.4
FAS199912.813.2
FAS20008.211.3
FAS200111.814.8
FAS20020.34.9
FAS200321.727.0
IFRS*) 200420.328.1
IFRS200525.335.8
IFRS200630.139.2
IFRS200722.722.2
IFRS**) 2008
Net interest bearing liabilities, M€ (lhs)200920102011201220132014201564.59999999999999466.883.994.196.98291.3Gearing at year end, % (rhs)20092010201120122013201420150.250.265000000000000010.393000000000000020.454000000000000010.337000000000000020.276000000000000020.29299999999999998Avg gearing across quarters, % (rhs)20092010201120122013201420150.450.460.557500000000000110.650.578999999999999960.458000000000000020.40400000000000003Solvency, % (rhs)20092010201120122013201420150.518000000000000020.508000000000000010.411999999999999980.414999999999999980.4390.4390.443
*) Including 24.6 MEUR profit from discontinued operations
**) Including 42.4 MEUR profit from discontinued operations
ROE*) 2004200520062007**) 200821.720.325.330.122.7ROI*) 2004200520062007**) 20082728.135.79999999999999739.20000000000000322.2
*) Sisältää 24,6 MEUR lopetettujen toimintojen voittoja**) Sisältää 42,4 MEUR lopetettujen toimintojen voittoja
ROE*) 2004200520062007**) 200821.720.325.330.122.7ROI*) 2004200520062007**) 20082728.135.79999999999999739.20000000000000322.2
Korolliset nettovelat, MEUR (lhs)20052006200720082009-26.921.784.560.664.599999999999994Gearing vuoden lopussa, % (rhs)20052006200720082009-6.4000000000000001E-26.3E-20.2540.198000000000000010.25Omavaraisuusaste, % (rhs)200520062007200820090.632000000000000010.536000000000000030.5020.514088096227306890.51800000000000002
Shareholders (2)
NOT UPDATED
Oras Invest Ltd22.7%Share capitalOras Invest Oy22.7%OsakepääomaOras Invest LtdOras Invest Oy1657178022.6
Varma Mutual Pension Insurance Company 7.1%146.4 ME