Uponor - Company Announcement

Uponor cancels guidance for 2013 due to change in company structure

Uponor Corporation              Stock exchange release                 1 July
2013  11.45 EET 


Uponor cancels guidance for 2013 due to change in company structure

Uponor's financial guidance for the year 2013, issued on 12 February 2013, has
become void, effective 1 July 2013, as a result of the start-up of a new joint
venture company, Uponor Infra Oy, combining Uponor's and KWH Group's
infrastructure businesses. An announcement of this start-up was made earlier
today. 

Uponor's guidance for 2013 stated that the company expects its ‘net sales and
operating profit to show modest organic growth from 2012'. The guidance was
based on the company's then current business portfolio and organisational
setup. Now that they have changed, the guidance has been correspondingly
cancelled. 

Due to restrictions under Finnish competition law, Uponor has not had
sufficient access to KWH Pipe's projections for the remainder of the year to be
able to issue trustworthy guidance for the Group for 2013. Furthermore, the
timing of the successful execution of the remedies set by the Market Court for
the joint venture company is currently unknown, and could impact on the short
term outlook. For the reasons stated above, Uponor plans to issue new guidance
in connection with the presentation of the 2013 financial statements in
February 2014. 

Uponor will report its January - June 2013 interim results on Friday 26 July,
at 12.00 EET. Uponor will publish pro forma data for the new infrastructure
solutions segment prior to the announcement of the Q3 report. 


Further information from:
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
Tel. +358 20 129 2852



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. In Northern Europe, Uponor is also a prominent supplier of
infrastructure pipe systems. The Group employs approx. 3,000 persons, in 30
countries. In 2012, Uponor's net sales exceeded €810 million. Uponor
Corporation is listed on NASDAQ OMX Helsinki in Finland. http://www.uponor.com.