Following a slower-than-expected start into the autumn season, Uponor adjusts
its full-year guidance. The existing guidance, issued after Q1 and reconfirmed
after Q2, of net sales growth being around 10 percent in 2007 is today
downgraded to:
- Uponor expects its full-year 2007 net sales growth rate to comply with the
long-term target of a minimum 6 percent.
This is the same net sales guidance that Uponor gave in February when
announcing the 2006 financial results.
Uponor's full-year operating profit is expected to be above the level recorded
in 2006.
The demand for Uponor products and services has been short of the management's
expectations and prior year mostly in Germany and the US while also some other
markets have not developed as well as expected. In addition, the euro-USD
exchange rate development has a negative translation impact for Uponor.
Uponor's January - September interim results are due 26 October 2007.
For further information, please contact:
President and CEO Jan Lång, at tel. +358 20 129 2822
CFO and Deputy CEO Jyri Luomakoski, at tel. +358 40 515 4498
Tarmo Anttila
Vice President, Communications
Tel. +358 20 129 2852
DISTRIBUTION:
Helsinki Stock Exchange
Media
www.uponor.com