Uponor Corporation Stock exchange release 27 July 2021 08:00 EET
Half-year financial report January –
April-
- Net sales were €353.3 (277.1) million, a growth of 27.5%. Organic growth was 30.4% in constant currency terms.
- Comparable operating profit was €48.2 (36.2) million, a growth of 33.1%.
- Operating profit was €47.0 (30.3) million, a growth of 55.4%.
- Earnings per share were €0.32 (0.21).
January-
- Net sales were €662.5 (554.5) million, a growth of 19.5%. Organic growth was 22.3% in constant currency terms.
- Comparable operating profit was €95.7 (65.6) million, a growth of 45.8%.
- Operating profit was €94.0 (58.8) million, a growth of 59.7%.
- Earnings per share were €0.75 (0.51).
- Return on investment was 27.6% (19.0) and gearing -1.2% (40.2).
- Cash flow from business operations was €64.0 (28.7) million.
Guidance statement for 2021:
Updated on
(Increase indicates a growth of 2.5% or more.)
“When we revised our guidance in June, we commented that the activity in residential construction markets on both sides of the
Building Solutions –
Net sales and operating profit improved in
Uponor Infra’s net sales increased, but operating profit decreased. The decrease in operating profit was due to increase in input costs, which was partly offset by higher sales volumes, product mix and designed solutions sales in
There have been increases in our input costs throughout the markets and we expect this pressure to continue in the second half of the year as well. We estimate, as supported by our track record that we can mitigate the impact essentially with pricing. In addition, we are still facing some delivery bottlenecks with certain raw materials, which have created challenges to the optimisation of our production planning and scheduling. If these disruptions continue, they can impact the effectiveness of our production.
This is my last financial report as the CEO of
Key figures
M€ | 4-6/ 2021 | 4-6/ 2020 | Change | 1-6/ 2021 | 1-6/ 2020 | Change | 1-12/ 2020 |
Net sales | 353.3 | 277.1 | 27.5% | 662.5 | 554.5 | 19.5% | 1,136.0 |
Building Solutions – | 149.0 | 118.5 | 25.7% | 288.7 | 247.3 | 16.7% | 499.5 |
Building Solutions – | 118.4 | 90.5 | 30.9% | 231.7 | 183.1 | 26.5% | 389.1 |
Uponor Infra | 87.8 | 69.5 | 26.3% | 145.3 | 126.7 | 14.7% | 252.0 |
Operating expenses | 294.5 | 234.1 | 25.8% | 544.6 | 469.6 | 16.0% | 952.0 |
Depreciation and impairments | 12.2 | 13.1 | -7.3% | 24.5 | 26.6 | -8.0% | 52.7 |
Other operating income | 0.4 | 0.5 | -24.0% | 0.6 | 0.5 | 9.4% | 1.0 |
Operating profit | 47.0 | 30.3 | 55.4% | 94.0 | 58.8 | 59.7% | 132.3 |
Building Solutions – | 20.9 | 7.5 | 179.9% | 43.8 | 19.4 | 125.4% | 45.1 |
Building Solutions – | 23.0 | 15.0 | 53.3% | 46.6 | 31.8 | 46.5% | 74.5 |
Uponor Infra | 6.8 | 7.3 | -7.1% | 8.8 | 9.1 | -2.4% | 19.0 |
Comparable operating profit | 48.2 | 36.2 | 33.1% | 95.7 | 65.6 | 45.8% | 142.7 |
Building Solutions – | 21.9 | 13.2 | 65.5% | 45.3 | 26.0 | 74.0% | 55.1 |
Building Solutions – | 23.0 | 15.1 | 52.7% | 46.7 | 31.9 | 46.4% | 74.6 |
Uponor Infra | 6.8 | 7.3 | -7.1% | 8.8 | 9.1 | -2.4% | 19.0 |
Financial income and expenses | -3.0 | -4.9 | -39.2% | -5.8 | -1.8 | 219.0% | -6.3 |
Profit before taxes | 37.6 | 24.2 | 55.0% | 80.7 | 54.6 | 47.8% | 121.8 |
Profit for the period | 25.9 | 17.8 | 45.3% | 57.6 | 40.1 | 43.6% | 96.1 |
Earnings per share | 0.32 | 0.21 | 54.9% | 0.75 | 0.51 | 47.5% | 1.21 |
| 30 June | 30 June | Change | 31 Dec |
2021 | 2020 | 2020 | ||
Net working capital, M€ | 72.0 | 132.6 | -45.7% | 65.9 |
Net-interest bearing debt, M€ | -5.3 | 147.0 | -103.6% | 15.1 |
Solvency, % | 43.2 | 40.4 | 6.8% | 48.7 |
Gearing, % | -1.2 | 40.2 | -103.0% | 3.6 |
Return on investment, % | 27.6 | 19.0 | 45.2% | 21.8 |
Webcast of the results briefing and the presentation
A webcast in English will be broadcast on 27 July at
28 Oct 2021 Interim report 1–9/2021
For further information, please contact:
Minna Yrjönmäki, CFO, tel. +358 20 129 2036
DISTRIBUTION:
Nasdaq
Media
www.uponorgroup.com
Attachment
- Uponor_Q2_2021_EN
© OMX, source