- In its CMD today, Uponor Corporation will announce that its efforts to execute
its growth strategy are proceeding as planned.
- According to Uponor, the construction markets in Europe are expected to grow
next year, but growth is likely to be weaker than in 2007. In the United States,
the residential housing market is expected to weaken further in 2008, but
commercial construction should remain on a satisfactory level.
- Uponor estimates that its 2008 net sales and operating profit will increase
from the 2007 levels.
The cornerstones of Uponor's strategy are the following three initiatives:
- Establish high-rise leadership
- Enhance single-family leadership
- Exploit infrastructure leadership.
In his presentation, Uponor's CEO, Jan Lång, will focus on describing the
high-rise initiative in particular. According to Lång, entering this new
business segment will require that the company extend its value chain from its
traditional distributor and installer focus to new actors in the trade. Lång
emphasises that Uponor has begun taking steps in various countries to deepen its
relationship with real estate owners, builders, construction service providers
as well as designers and planners, among others.
Anders Tollsten, Executive Vice President for Uponor North America since 2006,
will deliver a presentation on the company's robust initiatives to develop its
business and grow net sales in North America. He will say that Uponor plans to
almost triple its North American sales organisation from its 2006 level. Earlier
in the autumn, Uponor announced the launch of a factory expansion to increase
manufacturing capacity for North America.
Jyri Luomakoski, CFO and Deputy CEO, will tell about the company's largest
development initiative so far, to renew the company's resource planning system.
From next year, it is planned that the new ERP system will serve most of the
company's housing solutions business in Europe.
In addition, Uponor will shed light on the current outlook in key markets. A
webcast of the presentations will be arranged and, as of tomorrow at the latest,
a recorded video will be available at the company's website
(http://www.uponor.com/investors). All presentations will also be available at
Jan Lång, CEO, Tel +358 20 129 2822
Jyri Luomakoski, CFO and Deputy CEO, Tel +358 40 515 4498
Vice President, Communications
Tel +358 20 129 2852
OMX Nordic Exchange - Helsinki