enriching people’s way of life - investors uponor€¦ · • based on earlier criteria, now...

Enriching people’s way of lifeQ3 2016 Roadshow presentationJyri Luomakoski, President and CEORiitta Palomäki, CFOOctober 2016

© 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

© 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.


© 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!


© Uponor5

Uponor milestones


© 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


© Uponor7

Group structure

The chart shows the Executive Committee members’ responsibilities


© Uponor8

Business groups

Plumbing solutions45% *)

Infrastructure solutions30%

Indoor climate solutions25%

*) percentage of 2015 net sales by business groupOctober 2016 Q3 2016 Roadshow presentation

© 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


© 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


© Uponor11

Uponor’s infrastructure offeringTransporting water, air, electricity, telecommunications and data

Technology360° Project ServicesStandard Solutions


© 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€


© 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


© 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.


© 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


© 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%


© 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%


© 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


© 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


© 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


© 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


© 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


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?


Rahoituskulut, nettoERROR:#NAME?

Tulos ennen verojaERROR:#NAME?

Kauden tulosERROR:#NAME?

EBITDAERROR:#NAME?

Excluding OTC

MEUR1-12

2008


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


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



ID Q4

M€7-97-9ChangeQuarterly figures

20152016Y/Y20162015


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?


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?


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


Net salesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

Cost of goods soldERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?


Gross profit excluding one time costsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

- % of net salesERROR:#NAME?ERROR:#NAME?


ExpensesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?



Operating profit excluding one time costsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?


Operating profitERROR:#NAME?ERROR:#NAME?ERROR:#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!



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


Balance Sheet

Last year


ScenarioACT

ViewYTDScenario#ACT

ValueView#YTD


Year2016Year#Entity#1000sgEntity#8010Entity#9870

ICP[ICP Top]ICP#[ICP none]Year#2016Year#Year#2015Year#2015






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



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


ScenarioACT

ViewYTDScenario#ACT

ValueView#YTD









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




- % liikevaihdostaERROR:#REF!


KulutERROR:#NAME?


- % liikevaihdostaERROR:#REF!


Tulos ennen verojaERROR:#REF!


EBITDA0.0

Excluding OTC

MEUR1-12

2008


Net sales949.2949,199







Expenses 272.9272,878










EBITDA0.051,170



AGM Balance Sheet

Last year


ScenarioACT

ViewYTDScenario#ACT

ValueView#YTD









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?


MEUR30.9.30.9.Muutos31.12.

201520142013




Vaihto-omaisuus0.00.0+0.00.0











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)



ViewYTDView#YTD

ValueEURValue#EUR


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



Q4 2012121.638.131.4Q4 20129.43.5-2.7

Q4 2013112.043.683.7Q4 20130.35.8-9.0

Currency: M€


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)



ViewYTDView#YTD

ValueEURValue#EUR


Year201220132014Year#2012Year#2013Year#2014

ICP[ICP Top]ICP#[ICP Top]ICCustom3#ICERROR:#NAME?ERROR:#NAME?ERROR:#NAME?Indoor Climate Solutions


Custom1IFRSCustom1#IFRSPLCustom3#PLERROR:#NAME?ERROR:#NAME?ERROR:#NAME?Plumbing Solutions


Custom2[None]Custom2#[None]INFTOTCustom3#INFTOTERROR:#NAME?ERROR:#NAME?ERROR:#NAME?Infrastructure Solutions


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


ScenarioACT

ViewYTDScenario#ACT

ValueView#YTD

Entity8010Value#

Year20142013Year#Entity#8010

ICP[ICP Top]Year#2014Year#2013





Account30699Custom4#[None]

PerioddecdecPeriod#Account#30699ERROR:#NAME?

Account#49999ERROR:#NAME?


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


ERROR:#NAME?Entity#9150ERROR:#NAME?ERROR:#NAME?



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%



Solidity and Gearing

Q1/2000Q4/2000Q1/2001

Solidity36.90%48.30%44.80%

Gearing88.90%57.00%65.70%



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%



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%


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



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


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



ID YTD Q4

Last year


ScenarioACT

ViewYTDScenario#ACT

ValueView#YTD









PeriodSepPeriod#

Period#SepPeriod#SepPeriod#SepPeriod#JunPeriod#Jun

M€1-91-9Change1-12Full figures

20152016Y/Y201520162015201520162015


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






KulutERROR:#NAME?




Tulos ennen verojaERROR:#NAME?


EBITDAERROR:#NAME?

Excluding OTC

MEUR1-12

2008


Net sales949.2949,199







Expenses 272.9272,878










EBITDA0.051,170



ID Q4

M€7-97-9ChangeQuarterly figures

20152016Y/Y20162015


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?



ExpensesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

Operating profitERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?


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?


Liiketoiminnan muut tuototERROR:#NAME?0.0%

KulutERROR:#NAME?ERROR:#NAME?

LiikevoittoERROR:#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


Net salesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

Cost of goods soldERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?


Gross profit excluding one time costsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?



ExpensesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?



Operating profit excluding one time costsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?


Operating profitERROR:#NAME?ERROR:#NAME?ERROR:#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!



NS & OP YTD



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


1-9 2015

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra352.8201.82371-9 2016


1-9 2015

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra22.538.7999999999999971.40000000000000011-9 2016


Balance Sheet

Last year


ScenarioACT

ViewYTDScenario#ACT

ValueView#YTD









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?


MEUR30.9.30.9.Muutos31.12.

201620152015




Vaihto-omaisuusERROR:#NAME?ERROR:#NAME?ERROR:#NAME?112.4











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

enriching people’s way of life - investors uponor€¦ · • based on earlier criteria, now...

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