Guidande of 8 February 2007, financial statements
- Organic net sales growth > 6%
- Operating profit margin > 12.4%
- Operating profit > 143.7 MEUR
- Gross capex ~ 55 MEUR
Construction in Europe is expected to remain active although the growth rate is anticipated to slow down from the previous year's level. In Germany, construction is expected to continue to recover.
In North America, especially the U.S.A, general market expectations look unfavourable. However, there are wide variations between these expectations, which is why anticipating demand proves challenging. On average, housing starts are expected to decline by around 15 per cent.
The expected increase in the market share of plastic plumbing systems and investments in the high-rise segment will support Uponor's growth. In addition, growth will be supported by those European market areas where Uponor has not yet achieved a satisfactory position. For these reasons, organic growth in net sales is expected to reach the long-term target of minimum 6 per cent.
Supported by organic growth and as a result of recent years' development efforts, the profit margin is expected to improve from the 2006 level. Operating profit in euro is also projected to exceed the level recorded in 2006.
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