Brief: Uponor Q4 Comparable Operating Profit Rises To EUR 27.3 Mln

Uponor Oyj

11/02/2021 06:18

Feb 11 (Reuters) - Uponor Oyj  UPONOR.HE :
    * FY EARNINGS PER SHARE 1.21 EUR
    * FINANCIAL STATEMENTS BULLETIN 1–12/2020: STRONG
PERFORMANCE IN
ALL SEGMENTS CONTINUED IN Q4
    * Q4 NET SALES WERE EUR 280.5 (269.2) MILLION, A GROWTH OF
4.2%
    * Q4 COMPARABLE OPERATING PROFIT WAS EUR 27.3 (21.8)
MILLION, A
GROWTH OF 25.6%
    * Q4 OPERATING PROFIT WAS EUR 23.8 (20.4) MILLION, A GROWTH
OF
16.7%.
    * BOARD'S DIVIDEND PROPOSAL: EUR 0.57 (0.53) PER SHARE BE
PAID, OF
WHICH 0.28 CENTS WILL BE PAID IN MARCH 2021 AND 0.29 CENTS IS
PLANNED TO BE PAID IN SEPTEMBER 2021.
    * OUTLOOK 2021: WE DO NOT EXPECT TO WITNESS SIGNIFICANT
GROWTH IN
DEMAND OVERALL FOR 2021, AS CONSTRUCTION IS A LATE CYCLICAL
INDUSTRY
    * THERE ARE ALREADY SIGNS THAT SOME OF OUR INPUT COSTS ARE
ON RISE
    * WHILE WE WILL MITIGATE THIS DEVELOPMENT WITH PRICE
INCREASES, WE
EXPECT IT TO HAVE SOME IMPACT ON OUR PROFITABILITY IN 2021.
    * OUTLOOK 2021: EXPECTS ITS NET SALES TO STAY AT LEVEL OF
YEAR
2020
    * OUTLOOK 2021: EXPECTS ITS COMPARABLE OPERATING PROFIT TO
DECREASE FROM 2020, BUT COMPARABLE OPERATING PROFIT MARGIN TO
REMAIN ABOVE 10%.
    * DEMAND FOR OUR OFFERING REMAINED AT A GOOD LEVEL AND A
NUMBER OF
FAVOURABLE DRIVERS, INCLUDING COST IMPROVEMENTS PARTLY TRIGGERED
BY COVID-19, SUPPORTED OUR PROFITABILITY DEVELOPMENT

Source text for Eikon:  ID:nGNE5yb3d6 
Further company coverage:  UPONOR.HE 

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