Brief: Uponor Q2 Comparable Operating Profit Up At EUR 50.5 Mln

Uponor Oyj

27/07/2022 06:20

July 27 (Reuters) - Uponor Oyj  UPONOR.HE :
    * STRONG Q2 PERFORMANCE, FIRST HALF YEAR RESULT REACHED A
NEW HIGH
    * Q2 NET SALES WERE EUR 396.2 (353.3) MLN, A GROWTH OF 12.1%
OR
9.3% IN CONSTANT CURRENCY TERMS
    * Q2 OPERATING PROFIT WAS EUR 42.8 (47.0) MLN OR 10.8%
(13.3) OF
NET SALES
    * Q2 COMPARABLE OPERATING PROFIT WAS EUR 50.5 (48.2) MLN OR
12.7%
(13.6) OF NET SALES
    * HALF YEAR EARNINGS PER SHARE 0.79 EUR
    * EXPECTS MARKET CONDITIONS AND COMPETITIVE LANDSCAPE TO
BECOME
TOUGHER IN SECOND HALF OF 2022
    * DOWNSIDE RISKS TO DEMAND OUTLOOK IN BOTH RESIDENTIAL AND
NON-RESIDENTIAL CONSTRUCTION MARKETS HAVE CLEARLY INCREASED
    * WE HAVE KEPT OUR OUTLOOK FOR 2022 UNCHANGED
    * WE STILL HOWEVER EXPECT TO FACE EVEN STRONGER HEADWINDS IN
SECOND HALF

Source text for Eikon:  ID:nGNE3VwvZZ 
Further company coverage:  UPONOR.HE 

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