Transformation drives comparable operating profit improvement in Europe in 2016

Uponor Q4 and full year 2016 results

2/13/2017

Uponor logistics centre Germany front view   
In 2016, Uponor’s net sales reached €1,099.4 million, up 4.6% in the reported figures. In organic terms, there was a growth of 2.0%. Uponor’s comparable operating profit in 2016 came to €90.7 million, representing a change of 19.7% year-over-year.

Building Solutions – Europe progressed well in its transformation. The segment’s new setup, based on a stronger and leaner management structure close to growth centres, together with an efficient manufacturing network, will provide it with a firm foothold to be able to benefit from an anticipated recovery in the European building market,” says Uponor’s President and CEO, Jyri Luomakoski.

He also commented development in other segments and in R&D:

Performance in Building Solutions – North America continued healthy, although operating profit did not grow compared to the strong comparison period in 2015. The outlook for North America remains solid.

Uponor Infra’s comparable profitability developed well in 2016, showing that the transformation programme and the streamlining initiatives from previous years are bearing fruit. Now that the change is well underway, the team will focus efforts on promoting Uponor’s value-adding offering and generating growth in net sales.”

Throughout our almost 100-year history, Uponor has continuously focused on renewal and innovation. In 2016, our R&D expenditure exceeded €20 million for the first time. Growth was driven by digital transformation in our plumbing business, including such recent endeavours as the joint venture company Phyn that develops smart water solutions, or the online measurement offering by our subsidiary company UWater. In both of the above, field tests are running according plan.

The comprehensive financial statements bulletin is available on the company’s investor website.
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