Uponor Corporation Inside information 16 September 2020 15:00 EET
On
In the second quarter, the overall market slowness created by COVID-19 restrictions and related economic uncertainty impacted negatively on Uponor’s net sales. However, Uponor’s profitability improved due to tight cost control, favourable input costs and the operational excellence programme.
“The uncertainties related to the market outlook for the second half of 2020 and weak visibility of demand have remained. However, the favourable drivers, already seen in the second quarter, have continued to impact positively on our comparable operating profit. Our profitability development during the third quarter has continued on a similar level than during the second quarter in comparison to 2019. Therefore we reinstate our guidance statement for 2020,” comments
Uponor’s guidance statement for 2020:
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