2013-10-21 13:15:00 CEST
2013-10-21 13:15:02 CEST
REGULATED INFORMATION
Uponor - Company Announcement
Historic quarterly net sales and operating profit for Uponor Infra’s merged businesses in the years 2012 and 2013
Uponor Corporation Stock exchange release 21 October 2013
14:15 EET
Historic quarterly net sales and operating profit for Uponor Infra's merged
businesses in the years 2012 and 2013
Uponor Infra Oy, a joint venture of Uponor Corporation and the KWH Group,
started operations on 1 July 2013. The new company combined the infrastructure
pipe systems businesses of both companies into one jointly held company. Its
ownership is divided between Uponor at 55.3% and KWH Group at 44.7%. Uponor
Infra Oy is consolidated in Uponor Corporation as a separate segment.
Uponor has compiled the attached historic performance data for businesses that
were merged to form Uponor Infra. The data is given below for the following
entities:
- KWH Pipe Group's infrastructure business related information. This
information excludes the PEX business that was acquired by Uponor Building
Solutions - Europe in a separate transaction prior to the merger. Due to the
bimonthly reporting cycle that was used in the KWH Pipe Group, these numbers
represent the management's best estimate.
- Uponor Infrastructure Solutions information represents the officially
published information for that segment.
- Uponor Infra information is a sum of the above two lines.
- Uponor Group consolidated, continuing operations information shows the Uponor
Group published information where the KWH Pipe Group's infrastructure business
related figures have been included.
Until 30 June 2013, Uponor's infrastructure business was referred to as
Infrastructure Solutions. From 1 July 2013 onwards, the segment is called
Uponor Infra.
These historic numbers are estimates only and cannot be used to calculate
future performance in a reliable way.
Historic net sales and operating profit of Uponor Infra's merged businesses
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-
Year-to-date quarterly figures
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-
2012 2013
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YTD YTD YTD YTD YTD YTD
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Q1 Q2 Q3 Q4 Q1 Q2
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KWH Pipe Group (including only
infrastructure business*)
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-
Net sales 47.3 113.7 182.8 241.9 39.1 97.8
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Operating -1.9 -1.8 4.3 7.6 (** -2.5 -0.5
profit
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Uponor Infrastructure Solutions
(historic published information)
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-
Net sales 29.7 77.3 117.6 149.0 27.6 72.6
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Operating -1.9 0.3 2.7 0.0 -3.7 0.6
profit
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Uponor Infra (historic numbers
of merged businesses combined)
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-
Net sales 77.0 191.0 300.4 390.9 66.7 170.4
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Operating -3.8 -1.5 7.0 7.6 -6.2 0.1
profit
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Uponor Group consolidated,
continuing operations
- including merged businesses
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-
Net sales 239.8 524.3 804.7 1,053.4 216.8 486.9
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Operating 7.4 23.6 51.8 65.3 3.6 25.3
profit
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-
Quarterly figures
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-
2012 2013
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Q1 Q2 Q3 Q4 Q1 Q2
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KWH Pipe Group (including only
infrastructure business*)
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-
Net sales 47.3 66.4 69.1 59.0 39.1 58.7
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Operating -1.9 0.0 6.1 3.3 (** -2.5 2.0
profit
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Uponor Infrastructure Solutions
(historic published information)
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-
Net sales 29.7 47.6 40.3 31.4 27.6 45.0
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Operating -1.9 2.2 2.4 -2.7 -3.7 4.3
profit
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--------------------------------------------------------------------------------
Uponor Infra (historic numbers
of merged businesses combined)
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-
Net sales 77.0 114.0 109.4 90.4 66.7 103.7
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Operating -3.8 2.2 8.5 0.6 -6.2 6.3
profit
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Uponor Group consolidated,
continuing operations
- including merged businesses
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-
Net sales 239.8 284.5 280.4 248.6 216.8 270.1
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Operating 7.4 16.1 28.2 13.5 3.6 21.7
profit
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* KWH Pipe's PEX business was acquired by Uponor Building Solutions as a
separate transaction prior to the merger, and its numbers are not included here
** KWH Pipe figures for Q4/2012 include an impairment reversal of €1.5 million
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-
Compilation of the unaudited combined financial information
The above unaudited combined financial information is presented to illustrate
the financial impact of the merger. The information does not represent the
actual results of operations or financial position of Uponor or its
subsidiaries, nor is it intended to project the future results or financial
position of the Uponor Group.
The information is based on available information and assumptions. There can be
no assurance that the assumptions used in the preparations of the unaudited
combined financial information will prove to be correct.
For further information, please contact:
Jyri Luomakoski, President and CEO, tel. +358 20 129 2824
Riitta Palomäki, CFO, tel. +358 20 129 2822
Uponor Corporation
Tarmo Anttila
Vice President, Communications
DISTRIBUTION
NASDAQ OMX - Helsinki
Media
www.uponor.com
Uponor is a leading international provider of plumbing and indoor climate
solutions for residential and commercial building markets across Europe and
North America. On 1 July 2013, Uponor and KWH Group merged their infrastructure
businesses into a jointly owned company, Uponor Infra, which is a leading
supplier of infrastructure pipe systems in Northern Europe, with wide
operations internationally. In 2012, the Uponor Group employed approx. 3,000
persons in 30 countries and its net sales exceeded €810 million. Uponor
Corporation is listed on NASDAQ OMX Helsinki in Finland. http://www.uponor.com.
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