Recent economic and construction activity forecasts predict no significant deviations from the previous guidance in Uponor's business environment or the economic environment this year.

Demand is expected to remain at a good level for the second half of 2007 in most European markets. In Germany, where construction activity grew from the second half of last year through early 2007, market demand is expected to decrease driven by slower residential construction activity.
In the US, new housing construction is expected to decline year on year by some 20 per cent.

Uponor's performance in the second quarter was in line with the company's expectations that formed the basis for the revision of guidance after the first quarter. Hence, that guidance remains valid:

• Organic net sales growth is expected to be around 10% in 2007
• Operating profit margin to improve from the 2006 level (2006:12.4%)
• Operating profit to improve from the 2006 level (2006:143.7 MEUR)
• Gross capex ~ 55 MEUR