Latest guidance
Uponor reduces full-year net sales estimate (25 Sept. 2007)
Following a slower-than-expected start into the autumn season, Uponor adjusted its full-year guidance on 25 September 2007. The previous guidance, issued after Q1 and reconfirmed after Q2, of net sales growth being around 10 percent in 2007 was 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.
Current guidances:
- Full-year net sales growth at least 6 % in 2007
- Operating profit to improve from the 2006 level (2006:143.7 MEUR)
- Gross capex ~ 55 MEUR
Previous guidance of 7 August/26 April 2007
Previous guidance of 8 February 2007
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