Brief: Uponor Q3 Comperable Oper Profit Up At EUR 44.9 Mln
04/11/2022 06:07
Nov 4 (Reuters) - Uponor Oyj UPONOR.HE :
* REG-INTERIM REPORT JANUARY–SEPTEMBER 2022: STRONG PERFORMANCE IN A TOUGHENING MARKET
* Q3 NET SALES EUR 364.0 MILLION VERSUS EUR 321.4 MILLION YEAR AGO
* Q3 COMPERABLE OPERATING PROFIT EUR 44.9 MILLION VERSUS EUR 38.1 MILLION YEAR AGO
* UPONOR EXPECTS MARKET CONDITIONS TO BECOME TOUGHER IN Q4 OF YEAR
* WHILE CONSTRUCTION MARKETS HAVE PERFORMED RELATIVELY WELL TO-DATE, IT IS ANTICIPATED THAT
COMBINATION OF SUBSTANTIAL INCREASES IN BORROWING COSTS AND ENERGY PRICES, A LACK OF SKILLED
LABOUR IN CONSTRUCTION INDUSTRY, CONSTRUCTION MATERIAL PRICE INFLATION WILL BEGIN TO TAKE A
HEAVIER TOLL ON DEMAND, ESPECIALLY IN NEW BUILD SECTOR, GOING FORWARD
* GUIDANCE STATEMENT FOR 2022 (UNCHANGED): EXCLUDING IMPACTS OF CURRENCIES, UPONOR EXPECTS
ITS NET
SALES AND COMPARABLE OPERATING PROFIT TO INCREASE FROM 2021
Source text for Eikon: ID:nGNE8vGttm
Further company coverage: UPONOR.HE
(Gdansk Newsroom)
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