Uponor - Company Announcement

Uponor launches streamlining programme in its European building solutions segment

Uponor Corporation           Stock exchange release            21 July 2015
7:58 EET 

Uponor launches streamlining programme in its European building solutions
segment 

Uponor is embarking on a streamlining programme to adjust the operations of
Building Solutions - Europe to the weak demand prevailing in Europe. The
segment's business is being hampered by a lengthy period of subdued demand in
the building industry and, more recently, intensifying competition in the
largest market sector, residential new builds in Germany. 

The company is targeting annual savings of around €3 million within Building
Solutions - Europe. For instance, it plans to adjust its sales network as well
as to centralise and outsource some support functions to a greater extent than
now. It is estimated that these initiatives will incur a total of €4-€5 million
in non-recurring costs, which will be booked during 2015. 

The planning has been initiated and more details will be communicated when the
plans are ready. In sum, the measures are expected to account for around 100
man years of work in Building Solutions - Europe. As a first step in June,
Uponor launched a codetermination process in Sweden aimed at a reduction of 20
permanent and 20 temporary jobs. 



For further information, please contact:
Jyri Luomakoski, President and CEO, tel. +358 20 129 2824
Riitta Palomäki, CFO, tel. +358 20 129 2822





Tarmo Anttila
Vice President, Communications
Tel. +358 20 129 2852




DISTRIBUTION:
NASDAQ 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. 3,800 persons, in 30
countries. In 2014, Uponor's net sales exceeded €1 billion. Uponor Corporation
is listed on NASDAQ Helsinki in Finland. www.uponor.com