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Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017...

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Interim results briefing Jyri Luomakoski – President and CEO Maija Strandberg – CFO 1 – 3 / 2017
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Page 1: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

Interim results briefingJyri Luomakoski ndash President and CEOMaija Strandberg ndash CFO

1 ndash3 2017

copy Uponor2

Market overview first quarter 2017

3 May 2017 Interim report results briefing 1-3 2017

Nordic countriesConstruction activity is generally favourable across the region with the residential segment leading the wayInfrastructure solutions demand driven by an increase in non-residential building

Southern EuropeBy and large positive developments with France experiencing the largest tailwinds

Central EuropeIn Germany lively demand continues in the commercial segment growth in other segments is more modest Growth rate in the Netherlands has moderated but remains satisfactory

North AmericaBuilding construction markets remain largely healthy but with some limitations to growth present In Canada demand in Uponorrsquos core infrastructure market segments is returning

copy Uponor3

Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016

3 May 2017 Interim report results briefing 1-3 2017

Net sales― Building Solutions ndash Europe grows firmly in most key markets offset only by weak German and UK sales― Growth continues steady in Building Solutions ndash North America despite the strong comparison numbers― Uponor Infra reports two-digit net sales growth boosted by Canada and the Nordic countries

Operating profit― Operating profit slightly improving suppressed by gross margin pressures― Building Solutions ndash Europe affected by German sales decline higher marketing costs and start-up costs in Asia― Building Solutions ndash North America solid but burdened by sales mix and repercussions from the EP resin issue― Uponor Infra profits improve as a result of increased sales and transformation programme savings

January - March Meuro 1-32016

1-32017 Change

Net sales 2469 2651 74

Operating profit 119 146 228

Comparable operating profit 149 150 08

copy Uponor4

Developments by segment Building Solutions ndash Europebull Broad-based recovery in net sales in key

European markets ndash with the exception of Germany and the UK

bull At the biennial ISH trade fair in late March Uponor presented its solutions under the concept ldquoBuild on innovationrdquo including the technologies acquired in early 2016

bull Transformation programme finalisation still pending expected to close in Q2 Transfer of PEX production to Sweden

completed successfullybull Business growth and production start-up in

China progress well despite a one-off machine issue

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor5

Developments by segment Building Solutions ndash North Americabull Overall demand stable in the US but with

monthly variations Canada faces a strong temporary drop compared to lively Q1 2016

bull Net sales growth remains healthy but behind the strong comparison period

bull Sales trends impacted by irregular order patterns sales mix and weather issues

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor6

Developments by segment Uponor Infrabull Recovery in market demand in Canada and in

the Nordic countries supports growth in net sales and operating profit

bull Transformation programme carried through as planned and with planned savings

bull Recent upward trend in plastic resins likely to impact cost of goods sold from Q2 onwards although materially offset by price increases after a delay

3 May 2017 Interim report results briefing 1-3 2017

Financial statementsMaija Strandberg ndash CFO

1 ndash3 2017

copy Uponor8

January ndash March 2017

Key figures

3 May 2017 Interim report results briefing 1-3 2017

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales Meuro 2469 2651 +74 10994

Operating profit Meuro 119 146 +228 710

Comparable operating profit Meuro 149 150 +08 907

Comparable operating profit margin 60 57 -04 pts 82

Earnings per share (diluted) euro 009 011 +222 057

Return on equity (pa) 79 94 +15 pts 131

Return on investment (pa) 89 99 +10 pts 141

Net interest bearing liabilities Meuro 1765 2240 +269 1595

Gearing 624 745 +121 pts 488

Net working capital of net sales (pa) 118 145 +27 pts 102

Number of employees end of period FTE 3810 3866 +15 3868

Uponor Group - continuing operations

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor9

January ndash March 2017

Income statement

3 May 2017 Interim report results briefing 1-3 2017

bull Net sales growth +58 in constant currency terms ndash a positive currency impact of euro37m mainly driven by USD and CAD

bull Comparable gross profit margin 346 (358)

bull Comparable operating profit euro150m which is slightly above prior year (euro149m)

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales 2469 2651 +74 10994Cost of goods sold 1591 1737 +91 7234Gross profit 878 914 +42 3760Gross profit margin () 355 345 -11 pts 342Other operating income 06 03 -479 42Expenses 765 771 +08 3092Operating profit 119 146 +228 710Operating profit margin () 48 55 +07 pts 65Financial expenses net 34 28 -189 100Share of result in associated companies 01 -05 -9723 -06Profit before taxes 86 113 +322 604Profit for the period 54 74 +364 415EBITDA 217 240 +105 1126

Uponor Group - continuing operations Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor10

January ndash March 2017

Net sales amp comparable operating profit by segment

3 May 2017 Interim report results briefing 1-3 2017

bull Building Solutions ndash EuropeModest net sales growth on segment level (11) comparable operating profit declined (-112) due to intensifying competition and higher marketing costs

bull Building Solutions ndash North America Net sales continued on a healthy growth path (+105) but the operating profit declined by 39 from the strong comparison period

bull Uponor Infra Net sales growth at 167 driven by North American operations Profitablity improved by 405 but remained negative

copy Uponor11

January ndash March 2017

Net sales development by key markets

3 May 2017 Interim report results briefing 1-3 2017

Net sales grew in key markets in all segments with the clear exception of Germany and the UK

copy Uponor12

January ndash March 2017

Balance sheet

3 May 2017 Interim report results briefing 1-3 2017

bull Property plant and equipment increased mainly due to investments in capacity expansion and efficiency improvement

bull Non-controlling interest represents euro629m of the equity at euro3007m

bull Net interest-bearing liabilities were euro2240m (euro1765m) the increase mainly being driven by the acquisition of the minority holding in the joint venture Phyn in the summer of 2016 as well as an increase in net working capital

31 Mar 31 Mar Change 31 Dec2016 2017 YY 2016

Property plant and equipment 2190 2393 +203 2409

Intangible assets 1233 1185 -48 1190

Securities and long-term investments 207 337 +130 347

Inventories 1308 1524 +216 1393

Cash and cash equivalents 209 180 -29 163

Other current and non-current assets 2340 2510 +170 2173

Assets total 7487 8129 7675

Total equity 2829 3007 +178 3269

Non-current interest-bearing liabilities 1446 1577 +131 1582

Provisions 245 272 +27 288

Non-interest-bearing liabilities 2439 2430 -09 2360

Current interest-bearing liabilities 528 843 +315 176

Shareholders equity and liabilities total 7487 8129 +642 7675

) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor13

January ndash March 2017

Cash flow

3 May 2017 Interim report results briefing 1-3 2017

bull Gross investments came to euro78m (euro53m) remaining clearly below depreciation

bull Cash flow from investments in the comparison period includes a net cash flow effect of -euro314m from the acquisition of Delta amp KaMo Group

1-3 1-3 Change 1-122016 2017 YY 2016

Net cash from operations +215 +225 +10 +1053

Change in NWC -262 -406 -144 -166

Net payment of income tax and interest -98 -49 +49 -288

Cash flow from operations -145 -230 -85 +599

Cash flow from investments -345 -78 +267 -918

Cash flow before financing -490 -308 +182 -319

Dividends paid -322 -336 -14 -322

Other financing +540 +661 +121 +320

Cash flow from financing +218 +325 +107 -02

Conversion differences -01 +00 +01 +02

Change in cash and cash equivalents -273 +17 +290 -319

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor14

Outlook for the futureJyri Luomakoski ndash President and CEO

copy Uponor15

Leading indicators confirming a positive outlook

3 May 2017 Interim report results briefing 1-3 2017

Indicator YTD Change

Rolling 12-month Change Data through Trend since Q4

update

USA Housing starts +91) NA March 2017

Germany Housing permits +3 +19 January 2017

Finland Housing permits +4 +13 January 2017

Sweden Housing starts +28 +34 December 2016

Canada Housing starts +251) NA March 2017

Denmark Housing starts +20 +20 December 2016

Netherlands Housing permits -5 -5 December 2016

Spain Housing permits +26 +28 January 2017

UK Housing starts2) +5 +5 December 2016

Norway Housing starts +14 +18 February 2017

1) Seasonally adjusted annualised rate vs same month in 2016 2) England only

copy Uponor16

Permit activity in Europe points towards broad-based strengthening within the new multi-family segment bull Data through December 2016 shows a broad-

based and significant rise in residential building permits across Europe compared to the same time last year

bull Within the residential segment multi-family buildings are driving growth

bull Developments in the non-residential segment have been mixed with about half of all markets making gains while the other half have fallen since the same time last year

3 May 2017 Interim report results briefing 1-3 2017

60

80

100

120

140

160

180

200

Jan-

08Ju

n-08

Nov

-08

Apr

-09

Sep

-09

Feb-

10Ju

l-10

Dec

-10

May

-11

Oct

-11

Mar

-12

Aug

-12

Jan-

13Ju

n-13

Nov

-13

Apr

-14

Sep

-14

Feb-

15Ju

l-15

Dec

-15

May

-16

Oct

-16

Residential Non-residentialSource Eurostat (Base year = 2010)

European building permits index (Euro Area 19 seasonally adjusted)

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

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Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing +165 -308 -473 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Page 2: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor2

Market overview first quarter 2017

3 May 2017 Interim report results briefing 1-3 2017

Nordic countriesConstruction activity is generally favourable across the region with the residential segment leading the wayInfrastructure solutions demand driven by an increase in non-residential building

Southern EuropeBy and large positive developments with France experiencing the largest tailwinds

Central EuropeIn Germany lively demand continues in the commercial segment growth in other segments is more modest Growth rate in the Netherlands has moderated but remains satisfactory

North AmericaBuilding construction markets remain largely healthy but with some limitations to growth present In Canada demand in Uponorrsquos core infrastructure market segments is returning

copy Uponor3

Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016

3 May 2017 Interim report results briefing 1-3 2017

Net sales― Building Solutions ndash Europe grows firmly in most key markets offset only by weak German and UK sales― Growth continues steady in Building Solutions ndash North America despite the strong comparison numbers― Uponor Infra reports two-digit net sales growth boosted by Canada and the Nordic countries

Operating profit― Operating profit slightly improving suppressed by gross margin pressures― Building Solutions ndash Europe affected by German sales decline higher marketing costs and start-up costs in Asia― Building Solutions ndash North America solid but burdened by sales mix and repercussions from the EP resin issue― Uponor Infra profits improve as a result of increased sales and transformation programme savings

January - March Meuro 1-32016

1-32017 Change

Net sales 2469 2651 74

Operating profit 119 146 228

Comparable operating profit 149 150 08

copy Uponor4

Developments by segment Building Solutions ndash Europebull Broad-based recovery in net sales in key

European markets ndash with the exception of Germany and the UK

bull At the biennial ISH trade fair in late March Uponor presented its solutions under the concept ldquoBuild on innovationrdquo including the technologies acquired in early 2016

bull Transformation programme finalisation still pending expected to close in Q2 Transfer of PEX production to Sweden

completed successfullybull Business growth and production start-up in

China progress well despite a one-off machine issue

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor5

Developments by segment Building Solutions ndash North Americabull Overall demand stable in the US but with

monthly variations Canada faces a strong temporary drop compared to lively Q1 2016

bull Net sales growth remains healthy but behind the strong comparison period

bull Sales trends impacted by irregular order patterns sales mix and weather issues

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor6

Developments by segment Uponor Infrabull Recovery in market demand in Canada and in

the Nordic countries supports growth in net sales and operating profit

bull Transformation programme carried through as planned and with planned savings

bull Recent upward trend in plastic resins likely to impact cost of goods sold from Q2 onwards although materially offset by price increases after a delay

3 May 2017 Interim report results briefing 1-3 2017

Financial statementsMaija Strandberg ndash CFO

1 ndash3 2017

copy Uponor8

January ndash March 2017

Key figures

3 May 2017 Interim report results briefing 1-3 2017

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales Meuro 2469 2651 +74 10994

Operating profit Meuro 119 146 +228 710

Comparable operating profit Meuro 149 150 +08 907

Comparable operating profit margin 60 57 -04 pts 82

Earnings per share (diluted) euro 009 011 +222 057

Return on equity (pa) 79 94 +15 pts 131

Return on investment (pa) 89 99 +10 pts 141

Net interest bearing liabilities Meuro 1765 2240 +269 1595

Gearing 624 745 +121 pts 488

Net working capital of net sales (pa) 118 145 +27 pts 102

Number of employees end of period FTE 3810 3866 +15 3868

Uponor Group - continuing operations

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor9

January ndash March 2017

Income statement

3 May 2017 Interim report results briefing 1-3 2017

bull Net sales growth +58 in constant currency terms ndash a positive currency impact of euro37m mainly driven by USD and CAD

bull Comparable gross profit margin 346 (358)

bull Comparable operating profit euro150m which is slightly above prior year (euro149m)

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales 2469 2651 +74 10994Cost of goods sold 1591 1737 +91 7234Gross profit 878 914 +42 3760Gross profit margin () 355 345 -11 pts 342Other operating income 06 03 -479 42Expenses 765 771 +08 3092Operating profit 119 146 +228 710Operating profit margin () 48 55 +07 pts 65Financial expenses net 34 28 -189 100Share of result in associated companies 01 -05 -9723 -06Profit before taxes 86 113 +322 604Profit for the period 54 74 +364 415EBITDA 217 240 +105 1126

Uponor Group - continuing operations Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor10

January ndash March 2017

Net sales amp comparable operating profit by segment

3 May 2017 Interim report results briefing 1-3 2017

bull Building Solutions ndash EuropeModest net sales growth on segment level (11) comparable operating profit declined (-112) due to intensifying competition and higher marketing costs

bull Building Solutions ndash North America Net sales continued on a healthy growth path (+105) but the operating profit declined by 39 from the strong comparison period

bull Uponor Infra Net sales growth at 167 driven by North American operations Profitablity improved by 405 but remained negative

copy Uponor11

January ndash March 2017

Net sales development by key markets

3 May 2017 Interim report results briefing 1-3 2017

Net sales grew in key markets in all segments with the clear exception of Germany and the UK

copy Uponor12

January ndash March 2017

Balance sheet

3 May 2017 Interim report results briefing 1-3 2017

bull Property plant and equipment increased mainly due to investments in capacity expansion and efficiency improvement

bull Non-controlling interest represents euro629m of the equity at euro3007m

bull Net interest-bearing liabilities were euro2240m (euro1765m) the increase mainly being driven by the acquisition of the minority holding in the joint venture Phyn in the summer of 2016 as well as an increase in net working capital

31 Mar 31 Mar Change 31 Dec2016 2017 YY 2016

Property plant and equipment 2190 2393 +203 2409

Intangible assets 1233 1185 -48 1190

Securities and long-term investments 207 337 +130 347

Inventories 1308 1524 +216 1393

Cash and cash equivalents 209 180 -29 163

Other current and non-current assets 2340 2510 +170 2173

Assets total 7487 8129 7675

Total equity 2829 3007 +178 3269

Non-current interest-bearing liabilities 1446 1577 +131 1582

Provisions 245 272 +27 288

Non-interest-bearing liabilities 2439 2430 -09 2360

Current interest-bearing liabilities 528 843 +315 176

Shareholders equity and liabilities total 7487 8129 +642 7675

) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor13

January ndash March 2017

Cash flow

3 May 2017 Interim report results briefing 1-3 2017

bull Gross investments came to euro78m (euro53m) remaining clearly below depreciation

bull Cash flow from investments in the comparison period includes a net cash flow effect of -euro314m from the acquisition of Delta amp KaMo Group

1-3 1-3 Change 1-122016 2017 YY 2016

Net cash from operations +215 +225 +10 +1053

Change in NWC -262 -406 -144 -166

Net payment of income tax and interest -98 -49 +49 -288

Cash flow from operations -145 -230 -85 +599

Cash flow from investments -345 -78 +267 -918

Cash flow before financing -490 -308 +182 -319

Dividends paid -322 -336 -14 -322

Other financing +540 +661 +121 +320

Cash flow from financing +218 +325 +107 -02

Conversion differences -01 +00 +01 +02

Change in cash and cash equivalents -273 +17 +290 -319

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor14

Outlook for the futureJyri Luomakoski ndash President and CEO

copy Uponor15

Leading indicators confirming a positive outlook

3 May 2017 Interim report results briefing 1-3 2017

Indicator YTD Change

Rolling 12-month Change Data through Trend since Q4

update

USA Housing starts +91) NA March 2017

Germany Housing permits +3 +19 January 2017

Finland Housing permits +4 +13 January 2017

Sweden Housing starts +28 +34 December 2016

Canada Housing starts +251) NA March 2017

Denmark Housing starts +20 +20 December 2016

Netherlands Housing permits -5 -5 December 2016

Spain Housing permits +26 +28 January 2017

UK Housing starts2) +5 +5 December 2016

Norway Housing starts +14 +18 February 2017

1) Seasonally adjusted annualised rate vs same month in 2016 2) England only

copy Uponor16

Permit activity in Europe points towards broad-based strengthening within the new multi-family segment bull Data through December 2016 shows a broad-

based and significant rise in residential building permits across Europe compared to the same time last year

bull Within the residential segment multi-family buildings are driving growth

bull Developments in the non-residential segment have been mixed with about half of all markets making gains while the other half have fallen since the same time last year

3 May 2017 Interim report results briefing 1-3 2017

60

80

100

120

140

160

180

200

Jan-

08Ju

n-08

Nov

-08

Apr

-09

Sep

-09

Feb-

10Ju

l-10

Dec

-10

May

-11

Oct

-11

Mar

-12

Aug

-12

Jan-

13Ju

n-13

Nov

-13

Apr

-14

Sep

-14

Feb-

15Ju

l-15

Dec

-15

May

-16

Oct

-16

Residential Non-residentialSource Eurostat (Base year = 2010)

European building permits index (Euro Area 19 seasonally adjusted)

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing +165 -308 -473 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Page 3: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor3

Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016

3 May 2017 Interim report results briefing 1-3 2017

Net sales― Building Solutions ndash Europe grows firmly in most key markets offset only by weak German and UK sales― Growth continues steady in Building Solutions ndash North America despite the strong comparison numbers― Uponor Infra reports two-digit net sales growth boosted by Canada and the Nordic countries

Operating profit― Operating profit slightly improving suppressed by gross margin pressures― Building Solutions ndash Europe affected by German sales decline higher marketing costs and start-up costs in Asia― Building Solutions ndash North America solid but burdened by sales mix and repercussions from the EP resin issue― Uponor Infra profits improve as a result of increased sales and transformation programme savings

January - March Meuro 1-32016

1-32017 Change

Net sales 2469 2651 74

Operating profit 119 146 228

Comparable operating profit 149 150 08

copy Uponor4

Developments by segment Building Solutions ndash Europebull Broad-based recovery in net sales in key

European markets ndash with the exception of Germany and the UK

bull At the biennial ISH trade fair in late March Uponor presented its solutions under the concept ldquoBuild on innovationrdquo including the technologies acquired in early 2016

bull Transformation programme finalisation still pending expected to close in Q2 Transfer of PEX production to Sweden

completed successfullybull Business growth and production start-up in

China progress well despite a one-off machine issue

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor5

Developments by segment Building Solutions ndash North Americabull Overall demand stable in the US but with

monthly variations Canada faces a strong temporary drop compared to lively Q1 2016

bull Net sales growth remains healthy but behind the strong comparison period

bull Sales trends impacted by irregular order patterns sales mix and weather issues

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor6

Developments by segment Uponor Infrabull Recovery in market demand in Canada and in

the Nordic countries supports growth in net sales and operating profit

bull Transformation programme carried through as planned and with planned savings

bull Recent upward trend in plastic resins likely to impact cost of goods sold from Q2 onwards although materially offset by price increases after a delay

3 May 2017 Interim report results briefing 1-3 2017

Financial statementsMaija Strandberg ndash CFO

1 ndash3 2017

copy Uponor8

January ndash March 2017

Key figures

3 May 2017 Interim report results briefing 1-3 2017

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales Meuro 2469 2651 +74 10994

Operating profit Meuro 119 146 +228 710

Comparable operating profit Meuro 149 150 +08 907

Comparable operating profit margin 60 57 -04 pts 82

Earnings per share (diluted) euro 009 011 +222 057

Return on equity (pa) 79 94 +15 pts 131

Return on investment (pa) 89 99 +10 pts 141

Net interest bearing liabilities Meuro 1765 2240 +269 1595

Gearing 624 745 +121 pts 488

Net working capital of net sales (pa) 118 145 +27 pts 102

Number of employees end of period FTE 3810 3866 +15 3868

Uponor Group - continuing operations

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor9

January ndash March 2017

Income statement

3 May 2017 Interim report results briefing 1-3 2017

bull Net sales growth +58 in constant currency terms ndash a positive currency impact of euro37m mainly driven by USD and CAD

bull Comparable gross profit margin 346 (358)

bull Comparable operating profit euro150m which is slightly above prior year (euro149m)

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales 2469 2651 +74 10994Cost of goods sold 1591 1737 +91 7234Gross profit 878 914 +42 3760Gross profit margin () 355 345 -11 pts 342Other operating income 06 03 -479 42Expenses 765 771 +08 3092Operating profit 119 146 +228 710Operating profit margin () 48 55 +07 pts 65Financial expenses net 34 28 -189 100Share of result in associated companies 01 -05 -9723 -06Profit before taxes 86 113 +322 604Profit for the period 54 74 +364 415EBITDA 217 240 +105 1126

Uponor Group - continuing operations Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor10

January ndash March 2017

Net sales amp comparable operating profit by segment

3 May 2017 Interim report results briefing 1-3 2017

bull Building Solutions ndash EuropeModest net sales growth on segment level (11) comparable operating profit declined (-112) due to intensifying competition and higher marketing costs

bull Building Solutions ndash North America Net sales continued on a healthy growth path (+105) but the operating profit declined by 39 from the strong comparison period

bull Uponor Infra Net sales growth at 167 driven by North American operations Profitablity improved by 405 but remained negative

copy Uponor11

January ndash March 2017

Net sales development by key markets

3 May 2017 Interim report results briefing 1-3 2017

Net sales grew in key markets in all segments with the clear exception of Germany and the UK

copy Uponor12

January ndash March 2017

Balance sheet

3 May 2017 Interim report results briefing 1-3 2017

bull Property plant and equipment increased mainly due to investments in capacity expansion and efficiency improvement

bull Non-controlling interest represents euro629m of the equity at euro3007m

bull Net interest-bearing liabilities were euro2240m (euro1765m) the increase mainly being driven by the acquisition of the minority holding in the joint venture Phyn in the summer of 2016 as well as an increase in net working capital

31 Mar 31 Mar Change 31 Dec2016 2017 YY 2016

Property plant and equipment 2190 2393 +203 2409

Intangible assets 1233 1185 -48 1190

Securities and long-term investments 207 337 +130 347

Inventories 1308 1524 +216 1393

Cash and cash equivalents 209 180 -29 163

Other current and non-current assets 2340 2510 +170 2173

Assets total 7487 8129 7675

Total equity 2829 3007 +178 3269

Non-current interest-bearing liabilities 1446 1577 +131 1582

Provisions 245 272 +27 288

Non-interest-bearing liabilities 2439 2430 -09 2360

Current interest-bearing liabilities 528 843 +315 176

Shareholders equity and liabilities total 7487 8129 +642 7675

) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor13

January ndash March 2017

Cash flow

3 May 2017 Interim report results briefing 1-3 2017

bull Gross investments came to euro78m (euro53m) remaining clearly below depreciation

bull Cash flow from investments in the comparison period includes a net cash flow effect of -euro314m from the acquisition of Delta amp KaMo Group

1-3 1-3 Change 1-122016 2017 YY 2016

Net cash from operations +215 +225 +10 +1053

Change in NWC -262 -406 -144 -166

Net payment of income tax and interest -98 -49 +49 -288

Cash flow from operations -145 -230 -85 +599

Cash flow from investments -345 -78 +267 -918

Cash flow before financing -490 -308 +182 -319

Dividends paid -322 -336 -14 -322

Other financing +540 +661 +121 +320

Cash flow from financing +218 +325 +107 -02

Conversion differences -01 +00 +01 +02

Change in cash and cash equivalents -273 +17 +290 -319

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor14

Outlook for the futureJyri Luomakoski ndash President and CEO

copy Uponor15

Leading indicators confirming a positive outlook

3 May 2017 Interim report results briefing 1-3 2017

Indicator YTD Change

Rolling 12-month Change Data through Trend since Q4

update

USA Housing starts +91) NA March 2017

Germany Housing permits +3 +19 January 2017

Finland Housing permits +4 +13 January 2017

Sweden Housing starts +28 +34 December 2016

Canada Housing starts +251) NA March 2017

Denmark Housing starts +20 +20 December 2016

Netherlands Housing permits -5 -5 December 2016

Spain Housing permits +26 +28 January 2017

UK Housing starts2) +5 +5 December 2016

Norway Housing starts +14 +18 February 2017

1) Seasonally adjusted annualised rate vs same month in 2016 2) England only

copy Uponor16

Permit activity in Europe points towards broad-based strengthening within the new multi-family segment bull Data through December 2016 shows a broad-

based and significant rise in residential building permits across Europe compared to the same time last year

bull Within the residential segment multi-family buildings are driving growth

bull Developments in the non-residential segment have been mixed with about half of all markets making gains while the other half have fallen since the same time last year

3 May 2017 Interim report results briefing 1-3 2017

60

80

100

120

140

160

180

200

Jan-

08Ju

n-08

Nov

-08

Apr

-09

Sep

-09

Feb-

10Ju

l-10

Dec

-10

May

-11

Oct

-11

Mar

-12

Aug

-12

Jan-

13Ju

n-13

Nov

-13

Apr

-14

Sep

-14

Feb-

15Ju

l-15

Dec

-15

May

-16

Oct

-16

Residential Non-residentialSource Eurostat (Base year = 2010)

European building permits index (Euro Area 19 seasonally adjusted)

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing +165 -308 -473 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Page 4: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor4

Developments by segment Building Solutions ndash Europebull Broad-based recovery in net sales in key

European markets ndash with the exception of Germany and the UK

bull At the biennial ISH trade fair in late March Uponor presented its solutions under the concept ldquoBuild on innovationrdquo including the technologies acquired in early 2016

bull Transformation programme finalisation still pending expected to close in Q2 Transfer of PEX production to Sweden

completed successfullybull Business growth and production start-up in

China progress well despite a one-off machine issue

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor5

Developments by segment Building Solutions ndash North Americabull Overall demand stable in the US but with

monthly variations Canada faces a strong temporary drop compared to lively Q1 2016

bull Net sales growth remains healthy but behind the strong comparison period

bull Sales trends impacted by irregular order patterns sales mix and weather issues

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor6

Developments by segment Uponor Infrabull Recovery in market demand in Canada and in

the Nordic countries supports growth in net sales and operating profit

bull Transformation programme carried through as planned and with planned savings

bull Recent upward trend in plastic resins likely to impact cost of goods sold from Q2 onwards although materially offset by price increases after a delay

3 May 2017 Interim report results briefing 1-3 2017

Financial statementsMaija Strandberg ndash CFO

1 ndash3 2017

copy Uponor8

January ndash March 2017

Key figures

3 May 2017 Interim report results briefing 1-3 2017

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales Meuro 2469 2651 +74 10994

Operating profit Meuro 119 146 +228 710

Comparable operating profit Meuro 149 150 +08 907

Comparable operating profit margin 60 57 -04 pts 82

Earnings per share (diluted) euro 009 011 +222 057

Return on equity (pa) 79 94 +15 pts 131

Return on investment (pa) 89 99 +10 pts 141

Net interest bearing liabilities Meuro 1765 2240 +269 1595

Gearing 624 745 +121 pts 488

Net working capital of net sales (pa) 118 145 +27 pts 102

Number of employees end of period FTE 3810 3866 +15 3868

Uponor Group - continuing operations

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor9

January ndash March 2017

Income statement

3 May 2017 Interim report results briefing 1-3 2017

bull Net sales growth +58 in constant currency terms ndash a positive currency impact of euro37m mainly driven by USD and CAD

bull Comparable gross profit margin 346 (358)

bull Comparable operating profit euro150m which is slightly above prior year (euro149m)

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales 2469 2651 +74 10994Cost of goods sold 1591 1737 +91 7234Gross profit 878 914 +42 3760Gross profit margin () 355 345 -11 pts 342Other operating income 06 03 -479 42Expenses 765 771 +08 3092Operating profit 119 146 +228 710Operating profit margin () 48 55 +07 pts 65Financial expenses net 34 28 -189 100Share of result in associated companies 01 -05 -9723 -06Profit before taxes 86 113 +322 604Profit for the period 54 74 +364 415EBITDA 217 240 +105 1126

Uponor Group - continuing operations Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor10

January ndash March 2017

Net sales amp comparable operating profit by segment

3 May 2017 Interim report results briefing 1-3 2017

bull Building Solutions ndash EuropeModest net sales growth on segment level (11) comparable operating profit declined (-112) due to intensifying competition and higher marketing costs

bull Building Solutions ndash North America Net sales continued on a healthy growth path (+105) but the operating profit declined by 39 from the strong comparison period

bull Uponor Infra Net sales growth at 167 driven by North American operations Profitablity improved by 405 but remained negative

copy Uponor11

January ndash March 2017

Net sales development by key markets

3 May 2017 Interim report results briefing 1-3 2017

Net sales grew in key markets in all segments with the clear exception of Germany and the UK

copy Uponor12

January ndash March 2017

Balance sheet

3 May 2017 Interim report results briefing 1-3 2017

bull Property plant and equipment increased mainly due to investments in capacity expansion and efficiency improvement

bull Non-controlling interest represents euro629m of the equity at euro3007m

bull Net interest-bearing liabilities were euro2240m (euro1765m) the increase mainly being driven by the acquisition of the minority holding in the joint venture Phyn in the summer of 2016 as well as an increase in net working capital

31 Mar 31 Mar Change 31 Dec2016 2017 YY 2016

Property plant and equipment 2190 2393 +203 2409

Intangible assets 1233 1185 -48 1190

Securities and long-term investments 207 337 +130 347

Inventories 1308 1524 +216 1393

Cash and cash equivalents 209 180 -29 163

Other current and non-current assets 2340 2510 +170 2173

Assets total 7487 8129 7675

Total equity 2829 3007 +178 3269

Non-current interest-bearing liabilities 1446 1577 +131 1582

Provisions 245 272 +27 288

Non-interest-bearing liabilities 2439 2430 -09 2360

Current interest-bearing liabilities 528 843 +315 176

Shareholders equity and liabilities total 7487 8129 +642 7675

) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor13

January ndash March 2017

Cash flow

3 May 2017 Interim report results briefing 1-3 2017

bull Gross investments came to euro78m (euro53m) remaining clearly below depreciation

bull Cash flow from investments in the comparison period includes a net cash flow effect of -euro314m from the acquisition of Delta amp KaMo Group

1-3 1-3 Change 1-122016 2017 YY 2016

Net cash from operations +215 +225 +10 +1053

Change in NWC -262 -406 -144 -166

Net payment of income tax and interest -98 -49 +49 -288

Cash flow from operations -145 -230 -85 +599

Cash flow from investments -345 -78 +267 -918

Cash flow before financing -490 -308 +182 -319

Dividends paid -322 -336 -14 -322

Other financing +540 +661 +121 +320

Cash flow from financing +218 +325 +107 -02

Conversion differences -01 +00 +01 +02

Change in cash and cash equivalents -273 +17 +290 -319

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor14

Outlook for the futureJyri Luomakoski ndash President and CEO

copy Uponor15

Leading indicators confirming a positive outlook

3 May 2017 Interim report results briefing 1-3 2017

Indicator YTD Change

Rolling 12-month Change Data through Trend since Q4

update

USA Housing starts +91) NA March 2017

Germany Housing permits +3 +19 January 2017

Finland Housing permits +4 +13 January 2017

Sweden Housing starts +28 +34 December 2016

Canada Housing starts +251) NA March 2017

Denmark Housing starts +20 +20 December 2016

Netherlands Housing permits -5 -5 December 2016

Spain Housing permits +26 +28 January 2017

UK Housing starts2) +5 +5 December 2016

Norway Housing starts +14 +18 February 2017

1) Seasonally adjusted annualised rate vs same month in 2016 2) England only

copy Uponor16

Permit activity in Europe points towards broad-based strengthening within the new multi-family segment bull Data through December 2016 shows a broad-

based and significant rise in residential building permits across Europe compared to the same time last year

bull Within the residential segment multi-family buildings are driving growth

bull Developments in the non-residential segment have been mixed with about half of all markets making gains while the other half have fallen since the same time last year

3 May 2017 Interim report results briefing 1-3 2017

60

80

100

120

140

160

180

200

Jan-

08Ju

n-08

Nov

-08

Apr

-09

Sep

-09

Feb-

10Ju

l-10

Dec

-10

May

-11

Oct

-11

Mar

-12

Aug

-12

Jan-

13Ju

n-13

Nov

-13

Apr

-14

Sep

-14

Feb-

15Ju

l-15

Dec

-15

May

-16

Oct

-16

Residential Non-residentialSource Eurostat (Base year = 2010)

European building permits index (Euro Area 19 seasonally adjusted)

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing +165 -308 -473 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Page 5: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor5

Developments by segment Building Solutions ndash North Americabull Overall demand stable in the US but with

monthly variations Canada faces a strong temporary drop compared to lively Q1 2016

bull Net sales growth remains healthy but behind the strong comparison period

bull Sales trends impacted by irregular order patterns sales mix and weather issues

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor6

Developments by segment Uponor Infrabull Recovery in market demand in Canada and in

the Nordic countries supports growth in net sales and operating profit

bull Transformation programme carried through as planned and with planned savings

bull Recent upward trend in plastic resins likely to impact cost of goods sold from Q2 onwards although materially offset by price increases after a delay

3 May 2017 Interim report results briefing 1-3 2017

Financial statementsMaija Strandberg ndash CFO

1 ndash3 2017

copy Uponor8

January ndash March 2017

Key figures

3 May 2017 Interim report results briefing 1-3 2017

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales Meuro 2469 2651 +74 10994

Operating profit Meuro 119 146 +228 710

Comparable operating profit Meuro 149 150 +08 907

Comparable operating profit margin 60 57 -04 pts 82

Earnings per share (diluted) euro 009 011 +222 057

Return on equity (pa) 79 94 +15 pts 131

Return on investment (pa) 89 99 +10 pts 141

Net interest bearing liabilities Meuro 1765 2240 +269 1595

Gearing 624 745 +121 pts 488

Net working capital of net sales (pa) 118 145 +27 pts 102

Number of employees end of period FTE 3810 3866 +15 3868

Uponor Group - continuing operations

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor9

January ndash March 2017

Income statement

3 May 2017 Interim report results briefing 1-3 2017

bull Net sales growth +58 in constant currency terms ndash a positive currency impact of euro37m mainly driven by USD and CAD

bull Comparable gross profit margin 346 (358)

bull Comparable operating profit euro150m which is slightly above prior year (euro149m)

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales 2469 2651 +74 10994Cost of goods sold 1591 1737 +91 7234Gross profit 878 914 +42 3760Gross profit margin () 355 345 -11 pts 342Other operating income 06 03 -479 42Expenses 765 771 +08 3092Operating profit 119 146 +228 710Operating profit margin () 48 55 +07 pts 65Financial expenses net 34 28 -189 100Share of result in associated companies 01 -05 -9723 -06Profit before taxes 86 113 +322 604Profit for the period 54 74 +364 415EBITDA 217 240 +105 1126

Uponor Group - continuing operations Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor10

January ndash March 2017

Net sales amp comparable operating profit by segment

3 May 2017 Interim report results briefing 1-3 2017

bull Building Solutions ndash EuropeModest net sales growth on segment level (11) comparable operating profit declined (-112) due to intensifying competition and higher marketing costs

bull Building Solutions ndash North America Net sales continued on a healthy growth path (+105) but the operating profit declined by 39 from the strong comparison period

bull Uponor Infra Net sales growth at 167 driven by North American operations Profitablity improved by 405 but remained negative

copy Uponor11

January ndash March 2017

Net sales development by key markets

3 May 2017 Interim report results briefing 1-3 2017

Net sales grew in key markets in all segments with the clear exception of Germany and the UK

copy Uponor12

January ndash March 2017

Balance sheet

3 May 2017 Interim report results briefing 1-3 2017

bull Property plant and equipment increased mainly due to investments in capacity expansion and efficiency improvement

bull Non-controlling interest represents euro629m of the equity at euro3007m

bull Net interest-bearing liabilities were euro2240m (euro1765m) the increase mainly being driven by the acquisition of the minority holding in the joint venture Phyn in the summer of 2016 as well as an increase in net working capital

31 Mar 31 Mar Change 31 Dec2016 2017 YY 2016

Property plant and equipment 2190 2393 +203 2409

Intangible assets 1233 1185 -48 1190

Securities and long-term investments 207 337 +130 347

Inventories 1308 1524 +216 1393

Cash and cash equivalents 209 180 -29 163

Other current and non-current assets 2340 2510 +170 2173

Assets total 7487 8129 7675

Total equity 2829 3007 +178 3269

Non-current interest-bearing liabilities 1446 1577 +131 1582

Provisions 245 272 +27 288

Non-interest-bearing liabilities 2439 2430 -09 2360

Current interest-bearing liabilities 528 843 +315 176

Shareholders equity and liabilities total 7487 8129 +642 7675

) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor13

January ndash March 2017

Cash flow

3 May 2017 Interim report results briefing 1-3 2017

bull Gross investments came to euro78m (euro53m) remaining clearly below depreciation

bull Cash flow from investments in the comparison period includes a net cash flow effect of -euro314m from the acquisition of Delta amp KaMo Group

1-3 1-3 Change 1-122016 2017 YY 2016

Net cash from operations +215 +225 +10 +1053

Change in NWC -262 -406 -144 -166

Net payment of income tax and interest -98 -49 +49 -288

Cash flow from operations -145 -230 -85 +599

Cash flow from investments -345 -78 +267 -918

Cash flow before financing -490 -308 +182 -319

Dividends paid -322 -336 -14 -322

Other financing +540 +661 +121 +320

Cash flow from financing +218 +325 +107 -02

Conversion differences -01 +00 +01 +02

Change in cash and cash equivalents -273 +17 +290 -319

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor14

Outlook for the futureJyri Luomakoski ndash President and CEO

copy Uponor15

Leading indicators confirming a positive outlook

3 May 2017 Interim report results briefing 1-3 2017

Indicator YTD Change

Rolling 12-month Change Data through Trend since Q4

update

USA Housing starts +91) NA March 2017

Germany Housing permits +3 +19 January 2017

Finland Housing permits +4 +13 January 2017

Sweden Housing starts +28 +34 December 2016

Canada Housing starts +251) NA March 2017

Denmark Housing starts +20 +20 December 2016

Netherlands Housing permits -5 -5 December 2016

Spain Housing permits +26 +28 January 2017

UK Housing starts2) +5 +5 December 2016

Norway Housing starts +14 +18 February 2017

1) Seasonally adjusted annualised rate vs same month in 2016 2) England only

copy Uponor16

Permit activity in Europe points towards broad-based strengthening within the new multi-family segment bull Data through December 2016 shows a broad-

based and significant rise in residential building permits across Europe compared to the same time last year

bull Within the residential segment multi-family buildings are driving growth

bull Developments in the non-residential segment have been mixed with about half of all markets making gains while the other half have fallen since the same time last year

3 May 2017 Interim report results briefing 1-3 2017

60

80

100

120

140

160

180

200

Jan-

08Ju

n-08

Nov

-08

Apr

-09

Sep

-09

Feb-

10Ju

l-10

Dec

-10

May

-11

Oct

-11

Mar

-12

Aug

-12

Jan-

13Ju

n-13

Nov

-13

Apr

-14

Sep

-14

Feb-

15Ju

l-15

Dec

-15

May

-16

Oct

-16

Residential Non-residentialSource Eurostat (Base year = 2010)

European building permits index (Euro Area 19 seasonally adjusted)

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing +165 -308 -473 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Page 6: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor6

Developments by segment Uponor Infrabull Recovery in market demand in Canada and in

the Nordic countries supports growth in net sales and operating profit

bull Transformation programme carried through as planned and with planned savings

bull Recent upward trend in plastic resins likely to impact cost of goods sold from Q2 onwards although materially offset by price increases after a delay

3 May 2017 Interim report results briefing 1-3 2017

Financial statementsMaija Strandberg ndash CFO

1 ndash3 2017

copy Uponor8

January ndash March 2017

Key figures

3 May 2017 Interim report results briefing 1-3 2017

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales Meuro 2469 2651 +74 10994

Operating profit Meuro 119 146 +228 710

Comparable operating profit Meuro 149 150 +08 907

Comparable operating profit margin 60 57 -04 pts 82

Earnings per share (diluted) euro 009 011 +222 057

Return on equity (pa) 79 94 +15 pts 131

Return on investment (pa) 89 99 +10 pts 141

Net interest bearing liabilities Meuro 1765 2240 +269 1595

Gearing 624 745 +121 pts 488

Net working capital of net sales (pa) 118 145 +27 pts 102

Number of employees end of period FTE 3810 3866 +15 3868

Uponor Group - continuing operations

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor9

January ndash March 2017

Income statement

3 May 2017 Interim report results briefing 1-3 2017

bull Net sales growth +58 in constant currency terms ndash a positive currency impact of euro37m mainly driven by USD and CAD

bull Comparable gross profit margin 346 (358)

bull Comparable operating profit euro150m which is slightly above prior year (euro149m)

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales 2469 2651 +74 10994Cost of goods sold 1591 1737 +91 7234Gross profit 878 914 +42 3760Gross profit margin () 355 345 -11 pts 342Other operating income 06 03 -479 42Expenses 765 771 +08 3092Operating profit 119 146 +228 710Operating profit margin () 48 55 +07 pts 65Financial expenses net 34 28 -189 100Share of result in associated companies 01 -05 -9723 -06Profit before taxes 86 113 +322 604Profit for the period 54 74 +364 415EBITDA 217 240 +105 1126

Uponor Group - continuing operations Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor10

January ndash March 2017

Net sales amp comparable operating profit by segment

3 May 2017 Interim report results briefing 1-3 2017

bull Building Solutions ndash EuropeModest net sales growth on segment level (11) comparable operating profit declined (-112) due to intensifying competition and higher marketing costs

bull Building Solutions ndash North America Net sales continued on a healthy growth path (+105) but the operating profit declined by 39 from the strong comparison period

bull Uponor Infra Net sales growth at 167 driven by North American operations Profitablity improved by 405 but remained negative

copy Uponor11

January ndash March 2017

Net sales development by key markets

3 May 2017 Interim report results briefing 1-3 2017

Net sales grew in key markets in all segments with the clear exception of Germany and the UK

copy Uponor12

January ndash March 2017

Balance sheet

3 May 2017 Interim report results briefing 1-3 2017

bull Property plant and equipment increased mainly due to investments in capacity expansion and efficiency improvement

bull Non-controlling interest represents euro629m of the equity at euro3007m

bull Net interest-bearing liabilities were euro2240m (euro1765m) the increase mainly being driven by the acquisition of the minority holding in the joint venture Phyn in the summer of 2016 as well as an increase in net working capital

31 Mar 31 Mar Change 31 Dec2016 2017 YY 2016

Property plant and equipment 2190 2393 +203 2409

Intangible assets 1233 1185 -48 1190

Securities and long-term investments 207 337 +130 347

Inventories 1308 1524 +216 1393

Cash and cash equivalents 209 180 -29 163

Other current and non-current assets 2340 2510 +170 2173

Assets total 7487 8129 7675

Total equity 2829 3007 +178 3269

Non-current interest-bearing liabilities 1446 1577 +131 1582

Provisions 245 272 +27 288

Non-interest-bearing liabilities 2439 2430 -09 2360

Current interest-bearing liabilities 528 843 +315 176

Shareholders equity and liabilities total 7487 8129 +642 7675

) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor13

January ndash March 2017

Cash flow

3 May 2017 Interim report results briefing 1-3 2017

bull Gross investments came to euro78m (euro53m) remaining clearly below depreciation

bull Cash flow from investments in the comparison period includes a net cash flow effect of -euro314m from the acquisition of Delta amp KaMo Group

1-3 1-3 Change 1-122016 2017 YY 2016

Net cash from operations +215 +225 +10 +1053

Change in NWC -262 -406 -144 -166

Net payment of income tax and interest -98 -49 +49 -288

Cash flow from operations -145 -230 -85 +599

Cash flow from investments -345 -78 +267 -918

Cash flow before financing -490 -308 +182 -319

Dividends paid -322 -336 -14 -322

Other financing +540 +661 +121 +320

Cash flow from financing +218 +325 +107 -02

Conversion differences -01 +00 +01 +02

Change in cash and cash equivalents -273 +17 +290 -319

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor14

Outlook for the futureJyri Luomakoski ndash President and CEO

copy Uponor15

Leading indicators confirming a positive outlook

3 May 2017 Interim report results briefing 1-3 2017

Indicator YTD Change

Rolling 12-month Change Data through Trend since Q4

update

USA Housing starts +91) NA March 2017

Germany Housing permits +3 +19 January 2017

Finland Housing permits +4 +13 January 2017

Sweden Housing starts +28 +34 December 2016

Canada Housing starts +251) NA March 2017

Denmark Housing starts +20 +20 December 2016

Netherlands Housing permits -5 -5 December 2016

Spain Housing permits +26 +28 January 2017

UK Housing starts2) +5 +5 December 2016

Norway Housing starts +14 +18 February 2017

1) Seasonally adjusted annualised rate vs same month in 2016 2) England only

copy Uponor16

Permit activity in Europe points towards broad-based strengthening within the new multi-family segment bull Data through December 2016 shows a broad-

based and significant rise in residential building permits across Europe compared to the same time last year

bull Within the residential segment multi-family buildings are driving growth

bull Developments in the non-residential segment have been mixed with about half of all markets making gains while the other half have fallen since the same time last year

3 May 2017 Interim report results briefing 1-3 2017

60

80

100

120

140

160

180

200

Jan-

08Ju

n-08

Nov

-08

Apr

-09

Sep

-09

Feb-

10Ju

l-10

Dec

-10

May

-11

Oct

-11

Mar

-12

Aug

-12

Jan-

13Ju

n-13

Nov

-13

Apr

-14

Sep

-14

Feb-

15Ju

l-15

Dec

-15

May

-16

Oct

-16

Residential Non-residentialSource Eurostat (Base year = 2010)

European building permits index (Euro Area 19 seasonally adjusted)

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

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ay-1

2Se

p-12

Jan-

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ay-1

3Se

p-13

Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing +165 -308 -473 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Page 7: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

Financial statementsMaija Strandberg ndash CFO

1 ndash3 2017

copy Uponor8

January ndash March 2017

Key figures

3 May 2017 Interim report results briefing 1-3 2017

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales Meuro 2469 2651 +74 10994

Operating profit Meuro 119 146 +228 710

Comparable operating profit Meuro 149 150 +08 907

Comparable operating profit margin 60 57 -04 pts 82

Earnings per share (diluted) euro 009 011 +222 057

Return on equity (pa) 79 94 +15 pts 131

Return on investment (pa) 89 99 +10 pts 141

Net interest bearing liabilities Meuro 1765 2240 +269 1595

Gearing 624 745 +121 pts 488

Net working capital of net sales (pa) 118 145 +27 pts 102

Number of employees end of period FTE 3810 3866 +15 3868

Uponor Group - continuing operations

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor9

January ndash March 2017

Income statement

3 May 2017 Interim report results briefing 1-3 2017

bull Net sales growth +58 in constant currency terms ndash a positive currency impact of euro37m mainly driven by USD and CAD

bull Comparable gross profit margin 346 (358)

bull Comparable operating profit euro150m which is slightly above prior year (euro149m)

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales 2469 2651 +74 10994Cost of goods sold 1591 1737 +91 7234Gross profit 878 914 +42 3760Gross profit margin () 355 345 -11 pts 342Other operating income 06 03 -479 42Expenses 765 771 +08 3092Operating profit 119 146 +228 710Operating profit margin () 48 55 +07 pts 65Financial expenses net 34 28 -189 100Share of result in associated companies 01 -05 -9723 -06Profit before taxes 86 113 +322 604Profit for the period 54 74 +364 415EBITDA 217 240 +105 1126

Uponor Group - continuing operations Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor10

January ndash March 2017

Net sales amp comparable operating profit by segment

3 May 2017 Interim report results briefing 1-3 2017

bull Building Solutions ndash EuropeModest net sales growth on segment level (11) comparable operating profit declined (-112) due to intensifying competition and higher marketing costs

bull Building Solutions ndash North America Net sales continued on a healthy growth path (+105) but the operating profit declined by 39 from the strong comparison period

bull Uponor Infra Net sales growth at 167 driven by North American operations Profitablity improved by 405 but remained negative

copy Uponor11

January ndash March 2017

Net sales development by key markets

3 May 2017 Interim report results briefing 1-3 2017

Net sales grew in key markets in all segments with the clear exception of Germany and the UK

copy Uponor12

January ndash March 2017

Balance sheet

3 May 2017 Interim report results briefing 1-3 2017

bull Property plant and equipment increased mainly due to investments in capacity expansion and efficiency improvement

bull Non-controlling interest represents euro629m of the equity at euro3007m

bull Net interest-bearing liabilities were euro2240m (euro1765m) the increase mainly being driven by the acquisition of the minority holding in the joint venture Phyn in the summer of 2016 as well as an increase in net working capital

31 Mar 31 Mar Change 31 Dec2016 2017 YY 2016

Property plant and equipment 2190 2393 +203 2409

Intangible assets 1233 1185 -48 1190

Securities and long-term investments 207 337 +130 347

Inventories 1308 1524 +216 1393

Cash and cash equivalents 209 180 -29 163

Other current and non-current assets 2340 2510 +170 2173

Assets total 7487 8129 7675

Total equity 2829 3007 +178 3269

Non-current interest-bearing liabilities 1446 1577 +131 1582

Provisions 245 272 +27 288

Non-interest-bearing liabilities 2439 2430 -09 2360

Current interest-bearing liabilities 528 843 +315 176

Shareholders equity and liabilities total 7487 8129 +642 7675

) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor13

January ndash March 2017

Cash flow

3 May 2017 Interim report results briefing 1-3 2017

bull Gross investments came to euro78m (euro53m) remaining clearly below depreciation

bull Cash flow from investments in the comparison period includes a net cash flow effect of -euro314m from the acquisition of Delta amp KaMo Group

1-3 1-3 Change 1-122016 2017 YY 2016

Net cash from operations +215 +225 +10 +1053

Change in NWC -262 -406 -144 -166

Net payment of income tax and interest -98 -49 +49 -288

Cash flow from operations -145 -230 -85 +599

Cash flow from investments -345 -78 +267 -918

Cash flow before financing -490 -308 +182 -319

Dividends paid -322 -336 -14 -322

Other financing +540 +661 +121 +320

Cash flow from financing +218 +325 +107 -02

Conversion differences -01 +00 +01 +02

Change in cash and cash equivalents -273 +17 +290 -319

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor14

Outlook for the futureJyri Luomakoski ndash President and CEO

copy Uponor15

Leading indicators confirming a positive outlook

3 May 2017 Interim report results briefing 1-3 2017

Indicator YTD Change

Rolling 12-month Change Data through Trend since Q4

update

USA Housing starts +91) NA March 2017

Germany Housing permits +3 +19 January 2017

Finland Housing permits +4 +13 January 2017

Sweden Housing starts +28 +34 December 2016

Canada Housing starts +251) NA March 2017

Denmark Housing starts +20 +20 December 2016

Netherlands Housing permits -5 -5 December 2016

Spain Housing permits +26 +28 January 2017

UK Housing starts2) +5 +5 December 2016

Norway Housing starts +14 +18 February 2017

1) Seasonally adjusted annualised rate vs same month in 2016 2) England only

copy Uponor16

Permit activity in Europe points towards broad-based strengthening within the new multi-family segment bull Data through December 2016 shows a broad-

based and significant rise in residential building permits across Europe compared to the same time last year

bull Within the residential segment multi-family buildings are driving growth

bull Developments in the non-residential segment have been mixed with about half of all markets making gains while the other half have fallen since the same time last year

3 May 2017 Interim report results briefing 1-3 2017

60

80

100

120

140

160

180

200

Jan-

08Ju

n-08

Nov

-08

Apr

-09

Sep

-09

Feb-

10Ju

l-10

Dec

-10

May

-11

Oct

-11

Mar

-12

Aug

-12

Jan-

13Ju

n-13

Nov

-13

Apr

-14

Sep

-14

Feb-

15Ju

l-15

Dec

-15

May

-16

Oct

-16

Residential Non-residentialSource Eurostat (Base year = 2010)

European building permits index (Euro Area 19 seasonally adjusted)

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing +165 -308 -473 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Page 8: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor8

January ndash March 2017

Key figures

3 May 2017 Interim report results briefing 1-3 2017

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales Meuro 2469 2651 +74 10994

Operating profit Meuro 119 146 +228 710

Comparable operating profit Meuro 149 150 +08 907

Comparable operating profit margin 60 57 -04 pts 82

Earnings per share (diluted) euro 009 011 +222 057

Return on equity (pa) 79 94 +15 pts 131

Return on investment (pa) 89 99 +10 pts 141

Net interest bearing liabilities Meuro 1765 2240 +269 1595

Gearing 624 745 +121 pts 488

Net working capital of net sales (pa) 118 145 +27 pts 102

Number of employees end of period FTE 3810 3866 +15 3868

Uponor Group - continuing operations

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor9

January ndash March 2017

Income statement

3 May 2017 Interim report results briefing 1-3 2017

bull Net sales growth +58 in constant currency terms ndash a positive currency impact of euro37m mainly driven by USD and CAD

bull Comparable gross profit margin 346 (358)

bull Comparable operating profit euro150m which is slightly above prior year (euro149m)

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales 2469 2651 +74 10994Cost of goods sold 1591 1737 +91 7234Gross profit 878 914 +42 3760Gross profit margin () 355 345 -11 pts 342Other operating income 06 03 -479 42Expenses 765 771 +08 3092Operating profit 119 146 +228 710Operating profit margin () 48 55 +07 pts 65Financial expenses net 34 28 -189 100Share of result in associated companies 01 -05 -9723 -06Profit before taxes 86 113 +322 604Profit for the period 54 74 +364 415EBITDA 217 240 +105 1126

Uponor Group - continuing operations Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor10

January ndash March 2017

Net sales amp comparable operating profit by segment

3 May 2017 Interim report results briefing 1-3 2017

bull Building Solutions ndash EuropeModest net sales growth on segment level (11) comparable operating profit declined (-112) due to intensifying competition and higher marketing costs

bull Building Solutions ndash North America Net sales continued on a healthy growth path (+105) but the operating profit declined by 39 from the strong comparison period

bull Uponor Infra Net sales growth at 167 driven by North American operations Profitablity improved by 405 but remained negative

copy Uponor11

January ndash March 2017

Net sales development by key markets

3 May 2017 Interim report results briefing 1-3 2017

Net sales grew in key markets in all segments with the clear exception of Germany and the UK

copy Uponor12

January ndash March 2017

Balance sheet

3 May 2017 Interim report results briefing 1-3 2017

bull Property plant and equipment increased mainly due to investments in capacity expansion and efficiency improvement

bull Non-controlling interest represents euro629m of the equity at euro3007m

bull Net interest-bearing liabilities were euro2240m (euro1765m) the increase mainly being driven by the acquisition of the minority holding in the joint venture Phyn in the summer of 2016 as well as an increase in net working capital

31 Mar 31 Mar Change 31 Dec2016 2017 YY 2016

Property plant and equipment 2190 2393 +203 2409

Intangible assets 1233 1185 -48 1190

Securities and long-term investments 207 337 +130 347

Inventories 1308 1524 +216 1393

Cash and cash equivalents 209 180 -29 163

Other current and non-current assets 2340 2510 +170 2173

Assets total 7487 8129 7675

Total equity 2829 3007 +178 3269

Non-current interest-bearing liabilities 1446 1577 +131 1582

Provisions 245 272 +27 288

Non-interest-bearing liabilities 2439 2430 -09 2360

Current interest-bearing liabilities 528 843 +315 176

Shareholders equity and liabilities total 7487 8129 +642 7675

) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor13

January ndash March 2017

Cash flow

3 May 2017 Interim report results briefing 1-3 2017

bull Gross investments came to euro78m (euro53m) remaining clearly below depreciation

bull Cash flow from investments in the comparison period includes a net cash flow effect of -euro314m from the acquisition of Delta amp KaMo Group

1-3 1-3 Change 1-122016 2017 YY 2016

Net cash from operations +215 +225 +10 +1053

Change in NWC -262 -406 -144 -166

Net payment of income tax and interest -98 -49 +49 -288

Cash flow from operations -145 -230 -85 +599

Cash flow from investments -345 -78 +267 -918

Cash flow before financing -490 -308 +182 -319

Dividends paid -322 -336 -14 -322

Other financing +540 +661 +121 +320

Cash flow from financing +218 +325 +107 -02

Conversion differences -01 +00 +01 +02

Change in cash and cash equivalents -273 +17 +290 -319

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor14

Outlook for the futureJyri Luomakoski ndash President and CEO

copy Uponor15

Leading indicators confirming a positive outlook

3 May 2017 Interim report results briefing 1-3 2017

Indicator YTD Change

Rolling 12-month Change Data through Trend since Q4

update

USA Housing starts +91) NA March 2017

Germany Housing permits +3 +19 January 2017

Finland Housing permits +4 +13 January 2017

Sweden Housing starts +28 +34 December 2016

Canada Housing starts +251) NA March 2017

Denmark Housing starts +20 +20 December 2016

Netherlands Housing permits -5 -5 December 2016

Spain Housing permits +26 +28 January 2017

UK Housing starts2) +5 +5 December 2016

Norway Housing starts +14 +18 February 2017

1) Seasonally adjusted annualised rate vs same month in 2016 2) England only

copy Uponor16

Permit activity in Europe points towards broad-based strengthening within the new multi-family segment bull Data through December 2016 shows a broad-

based and significant rise in residential building permits across Europe compared to the same time last year

bull Within the residential segment multi-family buildings are driving growth

bull Developments in the non-residential segment have been mixed with about half of all markets making gains while the other half have fallen since the same time last year

3 May 2017 Interim report results briefing 1-3 2017

60

80

100

120

140

160

180

200

Jan-

08Ju

n-08

Nov

-08

Apr

-09

Sep

-09

Feb-

10Ju

l-10

Dec

-10

May

-11

Oct

-11

Mar

-12

Aug

-12

Jan-

13Ju

n-13

Nov

-13

Apr

-14

Sep

-14

Feb-

15Ju

l-15

Dec

-15

May

-16

Oct

-16

Residential Non-residentialSource Eurostat (Base year = 2010)

European building permits index (Euro Area 19 seasonally adjusted)

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing +165 -308 -473 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Page 9: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor9

January ndash March 2017

Income statement

3 May 2017 Interim report results briefing 1-3 2017

bull Net sales growth +58 in constant currency terms ndash a positive currency impact of euro37m mainly driven by USD and CAD

bull Comparable gross profit margin 346 (358)

bull Comparable operating profit euro150m which is slightly above prior year (euro149m)

1-3 1-3 Change 1-122016 2017 YY 2016

Net sales 2469 2651 +74 10994Cost of goods sold 1591 1737 +91 7234Gross profit 878 914 +42 3760Gross profit margin () 355 345 -11 pts 342Other operating income 06 03 -479 42Expenses 765 771 +08 3092Operating profit 119 146 +228 710Operating profit margin () 48 55 +07 pts 65Financial expenses net 34 28 -189 100Share of result in associated companies 01 -05 -9723 -06Profit before taxes 86 113 +322 604Profit for the period 54 74 +364 415EBITDA 217 240 +105 1126

Uponor Group - continuing operations Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor10

January ndash March 2017

Net sales amp comparable operating profit by segment

3 May 2017 Interim report results briefing 1-3 2017

bull Building Solutions ndash EuropeModest net sales growth on segment level (11) comparable operating profit declined (-112) due to intensifying competition and higher marketing costs

bull Building Solutions ndash North America Net sales continued on a healthy growth path (+105) but the operating profit declined by 39 from the strong comparison period

bull Uponor Infra Net sales growth at 167 driven by North American operations Profitablity improved by 405 but remained negative

copy Uponor11

January ndash March 2017

Net sales development by key markets

3 May 2017 Interim report results briefing 1-3 2017

Net sales grew in key markets in all segments with the clear exception of Germany and the UK

copy Uponor12

January ndash March 2017

Balance sheet

3 May 2017 Interim report results briefing 1-3 2017

bull Property plant and equipment increased mainly due to investments in capacity expansion and efficiency improvement

bull Non-controlling interest represents euro629m of the equity at euro3007m

bull Net interest-bearing liabilities were euro2240m (euro1765m) the increase mainly being driven by the acquisition of the minority holding in the joint venture Phyn in the summer of 2016 as well as an increase in net working capital

31 Mar 31 Mar Change 31 Dec2016 2017 YY 2016

Property plant and equipment 2190 2393 +203 2409

Intangible assets 1233 1185 -48 1190

Securities and long-term investments 207 337 +130 347

Inventories 1308 1524 +216 1393

Cash and cash equivalents 209 180 -29 163

Other current and non-current assets 2340 2510 +170 2173

Assets total 7487 8129 7675

Total equity 2829 3007 +178 3269

Non-current interest-bearing liabilities 1446 1577 +131 1582

Provisions 245 272 +27 288

Non-interest-bearing liabilities 2439 2430 -09 2360

Current interest-bearing liabilities 528 843 +315 176

Shareholders equity and liabilities total 7487 8129 +642 7675

) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor13

January ndash March 2017

Cash flow

3 May 2017 Interim report results briefing 1-3 2017

bull Gross investments came to euro78m (euro53m) remaining clearly below depreciation

bull Cash flow from investments in the comparison period includes a net cash flow effect of -euro314m from the acquisition of Delta amp KaMo Group

1-3 1-3 Change 1-122016 2017 YY 2016

Net cash from operations +215 +225 +10 +1053

Change in NWC -262 -406 -144 -166

Net payment of income tax and interest -98 -49 +49 -288

Cash flow from operations -145 -230 -85 +599

Cash flow from investments -345 -78 +267 -918

Cash flow before financing -490 -308 +182 -319

Dividends paid -322 -336 -14 -322

Other financing +540 +661 +121 +320

Cash flow from financing +218 +325 +107 -02

Conversion differences -01 +00 +01 +02

Change in cash and cash equivalents -273 +17 +290 -319

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor14

Outlook for the futureJyri Luomakoski ndash President and CEO

copy Uponor15

Leading indicators confirming a positive outlook

3 May 2017 Interim report results briefing 1-3 2017

Indicator YTD Change

Rolling 12-month Change Data through Trend since Q4

update

USA Housing starts +91) NA March 2017

Germany Housing permits +3 +19 January 2017

Finland Housing permits +4 +13 January 2017

Sweden Housing starts +28 +34 December 2016

Canada Housing starts +251) NA March 2017

Denmark Housing starts +20 +20 December 2016

Netherlands Housing permits -5 -5 December 2016

Spain Housing permits +26 +28 January 2017

UK Housing starts2) +5 +5 December 2016

Norway Housing starts +14 +18 February 2017

1) Seasonally adjusted annualised rate vs same month in 2016 2) England only

copy Uponor16

Permit activity in Europe points towards broad-based strengthening within the new multi-family segment bull Data through December 2016 shows a broad-

based and significant rise in residential building permits across Europe compared to the same time last year

bull Within the residential segment multi-family buildings are driving growth

bull Developments in the non-residential segment have been mixed with about half of all markets making gains while the other half have fallen since the same time last year

3 May 2017 Interim report results briefing 1-3 2017

60

80

100

120

140

160

180

200

Jan-

08Ju

n-08

Nov

-08

Apr

-09

Sep

-09

Feb-

10Ju

l-10

Dec

-10

May

-11

Oct

-11

Mar

-12

Aug

-12

Jan-

13Ju

n-13

Nov

-13

Apr

-14

Sep

-14

Feb-

15Ju

l-15

Dec

-15

May

-16

Oct

-16

Residential Non-residentialSource Eurostat (Base year = 2010)

European building permits index (Euro Area 19 seasonally adjusted)

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing +165 -308 -473 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group - continuing operations Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group - continuing operations 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 009 011 +222 057 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Page 10: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor10

January ndash March 2017

Net sales amp comparable operating profit by segment

3 May 2017 Interim report results briefing 1-3 2017

bull Building Solutions ndash EuropeModest net sales growth on segment level (11) comparable operating profit declined (-112) due to intensifying competition and higher marketing costs

bull Building Solutions ndash North America Net sales continued on a healthy growth path (+105) but the operating profit declined by 39 from the strong comparison period

bull Uponor Infra Net sales growth at 167 driven by North American operations Profitablity improved by 405 but remained negative

copy Uponor11

January ndash March 2017

Net sales development by key markets

3 May 2017 Interim report results briefing 1-3 2017

Net sales grew in key markets in all segments with the clear exception of Germany and the UK

copy Uponor12

January ndash March 2017

Balance sheet

3 May 2017 Interim report results briefing 1-3 2017

bull Property plant and equipment increased mainly due to investments in capacity expansion and efficiency improvement

bull Non-controlling interest represents euro629m of the equity at euro3007m

bull Net interest-bearing liabilities were euro2240m (euro1765m) the increase mainly being driven by the acquisition of the minority holding in the joint venture Phyn in the summer of 2016 as well as an increase in net working capital

31 Mar 31 Mar Change 31 Dec2016 2017 YY 2016

Property plant and equipment 2190 2393 +203 2409

Intangible assets 1233 1185 -48 1190

Securities and long-term investments 207 337 +130 347

Inventories 1308 1524 +216 1393

Cash and cash equivalents 209 180 -29 163

Other current and non-current assets 2340 2510 +170 2173

Assets total 7487 8129 7675

Total equity 2829 3007 +178 3269

Non-current interest-bearing liabilities 1446 1577 +131 1582

Provisions 245 272 +27 288

Non-interest-bearing liabilities 2439 2430 -09 2360

Current interest-bearing liabilities 528 843 +315 176

Shareholders equity and liabilities total 7487 8129 +642 7675

) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor13

January ndash March 2017

Cash flow

3 May 2017 Interim report results briefing 1-3 2017

bull Gross investments came to euro78m (euro53m) remaining clearly below depreciation

bull Cash flow from investments in the comparison period includes a net cash flow effect of -euro314m from the acquisition of Delta amp KaMo Group

1-3 1-3 Change 1-122016 2017 YY 2016

Net cash from operations +215 +225 +10 +1053

Change in NWC -262 -406 -144 -166

Net payment of income tax and interest -98 -49 +49 -288

Cash flow from operations -145 -230 -85 +599

Cash flow from investments -345 -78 +267 -918

Cash flow before financing -490 -308 +182 -319

Dividends paid -322 -336 -14 -322

Other financing +540 +661 +121 +320

Cash flow from financing +218 +325 +107 -02

Conversion differences -01 +00 +01 +02

Change in cash and cash equivalents -273 +17 +290 -319

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor14

Outlook for the futureJyri Luomakoski ndash President and CEO

copy Uponor15

Leading indicators confirming a positive outlook

3 May 2017 Interim report results briefing 1-3 2017

Indicator YTD Change

Rolling 12-month Change Data through Trend since Q4

update

USA Housing starts +91) NA March 2017

Germany Housing permits +3 +19 January 2017

Finland Housing permits +4 +13 January 2017

Sweden Housing starts +28 +34 December 2016

Canada Housing starts +251) NA March 2017

Denmark Housing starts +20 +20 December 2016

Netherlands Housing permits -5 -5 December 2016

Spain Housing permits +26 +28 January 2017

UK Housing starts2) +5 +5 December 2016

Norway Housing starts +14 +18 February 2017

1) Seasonally adjusted annualised rate vs same month in 2016 2) England only

copy Uponor16

Permit activity in Europe points towards broad-based strengthening within the new multi-family segment bull Data through December 2016 shows a broad-

based and significant rise in residential building permits across Europe compared to the same time last year

bull Within the residential segment multi-family buildings are driving growth

bull Developments in the non-residential segment have been mixed with about half of all markets making gains while the other half have fallen since the same time last year

3 May 2017 Interim report results briefing 1-3 2017

60

80

100

120

140

160

180

200

Jan-

08Ju

n-08

Nov

-08

Apr

-09

Sep

-09

Feb-

10Ju

l-10

Dec

-10

May

-11

Oct

-11

Mar

-12

Aug

-12

Jan-

13Ju

n-13

Nov

-13

Apr

-14

Sep

-14

Feb-

15Ju

l-15

Dec

-15

May

-16

Oct

-16

Residential Non-residentialSource Eurostat (Base year = 2010)

European building permits index (Euro Area 19 seasonally adjusted)

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing +165 -308 -473 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Page 11: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor11

January ndash March 2017

Net sales development by key markets

3 May 2017 Interim report results briefing 1-3 2017

Net sales grew in key markets in all segments with the clear exception of Germany and the UK

copy Uponor12

January ndash March 2017

Balance sheet

3 May 2017 Interim report results briefing 1-3 2017

bull Property plant and equipment increased mainly due to investments in capacity expansion and efficiency improvement

bull Non-controlling interest represents euro629m of the equity at euro3007m

bull Net interest-bearing liabilities were euro2240m (euro1765m) the increase mainly being driven by the acquisition of the minority holding in the joint venture Phyn in the summer of 2016 as well as an increase in net working capital

31 Mar 31 Mar Change 31 Dec2016 2017 YY 2016

Property plant and equipment 2190 2393 +203 2409

Intangible assets 1233 1185 -48 1190

Securities and long-term investments 207 337 +130 347

Inventories 1308 1524 +216 1393

Cash and cash equivalents 209 180 -29 163

Other current and non-current assets 2340 2510 +170 2173

Assets total 7487 8129 7675

Total equity 2829 3007 +178 3269

Non-current interest-bearing liabilities 1446 1577 +131 1582

Provisions 245 272 +27 288

Non-interest-bearing liabilities 2439 2430 -09 2360

Current interest-bearing liabilities 528 843 +315 176

Shareholders equity and liabilities total 7487 8129 +642 7675

) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor13

January ndash March 2017

Cash flow

3 May 2017 Interim report results briefing 1-3 2017

bull Gross investments came to euro78m (euro53m) remaining clearly below depreciation

bull Cash flow from investments in the comparison period includes a net cash flow effect of -euro314m from the acquisition of Delta amp KaMo Group

1-3 1-3 Change 1-122016 2017 YY 2016

Net cash from operations +215 +225 +10 +1053

Change in NWC -262 -406 -144 -166

Net payment of income tax and interest -98 -49 +49 -288

Cash flow from operations -145 -230 -85 +599

Cash flow from investments -345 -78 +267 -918

Cash flow before financing -490 -308 +182 -319

Dividends paid -322 -336 -14 -322

Other financing +540 +661 +121 +320

Cash flow from financing +218 +325 +107 -02

Conversion differences -01 +00 +01 +02

Change in cash and cash equivalents -273 +17 +290 -319

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor14

Outlook for the futureJyri Luomakoski ndash President and CEO

copy Uponor15

Leading indicators confirming a positive outlook

3 May 2017 Interim report results briefing 1-3 2017

Indicator YTD Change

Rolling 12-month Change Data through Trend since Q4

update

USA Housing starts +91) NA March 2017

Germany Housing permits +3 +19 January 2017

Finland Housing permits +4 +13 January 2017

Sweden Housing starts +28 +34 December 2016

Canada Housing starts +251) NA March 2017

Denmark Housing starts +20 +20 December 2016

Netherlands Housing permits -5 -5 December 2016

Spain Housing permits +26 +28 January 2017

UK Housing starts2) +5 +5 December 2016

Norway Housing starts +14 +18 February 2017

1) Seasonally adjusted annualised rate vs same month in 2016 2) England only

copy Uponor16

Permit activity in Europe points towards broad-based strengthening within the new multi-family segment bull Data through December 2016 shows a broad-

based and significant rise in residential building permits across Europe compared to the same time last year

bull Within the residential segment multi-family buildings are driving growth

bull Developments in the non-residential segment have been mixed with about half of all markets making gains while the other half have fallen since the same time last year

3 May 2017 Interim report results briefing 1-3 2017

60

80

100

120

140

160

180

200

Jan-

08Ju

n-08

Nov

-08

Apr

-09

Sep

-09

Feb-

10Ju

l-10

Dec

-10

May

-11

Oct

-11

Mar

-12

Aug

-12

Jan-

13Ju

n-13

Nov

-13

Apr

-14

Sep

-14

Feb-

15Ju

l-15

Dec

-15

May

-16

Oct

-16

Residential Non-residentialSource Eurostat (Base year = 2010)

European building permits index (Euro Area 19 seasonally adjusted)

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing +165 -308 -473 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Page 12: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor12

January ndash March 2017

Balance sheet

3 May 2017 Interim report results briefing 1-3 2017

bull Property plant and equipment increased mainly due to investments in capacity expansion and efficiency improvement

bull Non-controlling interest represents euro629m of the equity at euro3007m

bull Net interest-bearing liabilities were euro2240m (euro1765m) the increase mainly being driven by the acquisition of the minority holding in the joint venture Phyn in the summer of 2016 as well as an increase in net working capital

31 Mar 31 Mar Change 31 Dec2016 2017 YY 2016

Property plant and equipment 2190 2393 +203 2409

Intangible assets 1233 1185 -48 1190

Securities and long-term investments 207 337 +130 347

Inventories 1308 1524 +216 1393

Cash and cash equivalents 209 180 -29 163

Other current and non-current assets 2340 2510 +170 2173

Assets total 7487 8129 7675

Total equity 2829 3007 +178 3269

Non-current interest-bearing liabilities 1446 1577 +131 1582

Provisions 245 272 +27 288

Non-interest-bearing liabilities 2439 2430 -09 2360

Current interest-bearing liabilities 528 843 +315 176

Shareholders equity and liabilities total 7487 8129 +642 7675

) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor13

January ndash March 2017

Cash flow

3 May 2017 Interim report results briefing 1-3 2017

bull Gross investments came to euro78m (euro53m) remaining clearly below depreciation

bull Cash flow from investments in the comparison period includes a net cash flow effect of -euro314m from the acquisition of Delta amp KaMo Group

1-3 1-3 Change 1-122016 2017 YY 2016

Net cash from operations +215 +225 +10 +1053

Change in NWC -262 -406 -144 -166

Net payment of income tax and interest -98 -49 +49 -288

Cash flow from operations -145 -230 -85 +599

Cash flow from investments -345 -78 +267 -918

Cash flow before financing -490 -308 +182 -319

Dividends paid -322 -336 -14 -322

Other financing +540 +661 +121 +320

Cash flow from financing +218 +325 +107 -02

Conversion differences -01 +00 +01 +02

Change in cash and cash equivalents -273 +17 +290 -319

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor14

Outlook for the futureJyri Luomakoski ndash President and CEO

copy Uponor15

Leading indicators confirming a positive outlook

3 May 2017 Interim report results briefing 1-3 2017

Indicator YTD Change

Rolling 12-month Change Data through Trend since Q4

update

USA Housing starts +91) NA March 2017

Germany Housing permits +3 +19 January 2017

Finland Housing permits +4 +13 January 2017

Sweden Housing starts +28 +34 December 2016

Canada Housing starts +251) NA March 2017

Denmark Housing starts +20 +20 December 2016

Netherlands Housing permits -5 -5 December 2016

Spain Housing permits +26 +28 January 2017

UK Housing starts2) +5 +5 December 2016

Norway Housing starts +14 +18 February 2017

1) Seasonally adjusted annualised rate vs same month in 2016 2) England only

copy Uponor16

Permit activity in Europe points towards broad-based strengthening within the new multi-family segment bull Data through December 2016 shows a broad-

based and significant rise in residential building permits across Europe compared to the same time last year

bull Within the residential segment multi-family buildings are driving growth

bull Developments in the non-residential segment have been mixed with about half of all markets making gains while the other half have fallen since the same time last year

3 May 2017 Interim report results briefing 1-3 2017

60

80

100

120

140

160

180

200

Jan-

08Ju

n-08

Nov

-08

Apr

-09

Sep

-09

Feb-

10Ju

l-10

Dec

-10

May

-11

Oct

-11

Mar

-12

Aug

-12

Jan-

13Ju

n-13

Nov

-13

Apr

-14

Sep

-14

Feb-

15Ju

l-15

Dec

-15

May

-16

Oct

-16

Residential Non-residentialSource Eurostat (Base year = 2010)

European building permits index (Euro Area 19 seasonally adjusted)

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing +165 -308 -473 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Page 13: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor13

January ndash March 2017

Cash flow

3 May 2017 Interim report results briefing 1-3 2017

bull Gross investments came to euro78m (euro53m) remaining clearly below depreciation

bull Cash flow from investments in the comparison period includes a net cash flow effect of -euro314m from the acquisition of Delta amp KaMo Group

1-3 1-3 Change 1-122016 2017 YY 2016

Net cash from operations +215 +225 +10 +1053

Change in NWC -262 -406 -144 -166

Net payment of income tax and interest -98 -49 +49 -288

Cash flow from operations -145 -230 -85 +599

Cash flow from investments -345 -78 +267 -918

Cash flow before financing -490 -308 +182 -319

Dividends paid -322 -336 -14 -322

Other financing +540 +661 +121 +320

Cash flow from financing +218 +325 +107 -02

Conversion differences -01 +00 +01 +02

Change in cash and cash equivalents -273 +17 +290 -319

Uponor Group Meuro

Key Figures

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Income statement

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

NS amp OP Graph

ampVerdanaRegularamp8Printed on ampD at ampT

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1237075411-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra1243782631

1-3 2016

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra75111-319999999999999971-3 2017

Building Solutions - EuropeBuilding Solutions - North AmericaUponor Infra67106-19

Balance Sheet

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Cash Flow

Capital structure

Net interest bearing liabilities Meuro (lhs)20102011201220132014201520166688399419698291322400486202905867Gearing at year end (rhs)2010201120122013201420152016026500000000000001039300000000000002045400000000000001033700000000000002027600000000000002029299999999999998048799999999999999Avg gearing across quarters (rhs)2010201120122013201420152016046055750000000000011065057899999999999996045800000000000002040400000000000003056699999999999995Solvency (rhs)2010201120122013201420152016050800000000000001041199999999999998041499999999999998043904390443042799999999999999

) Sisaumlltaumlauml 246 MEUR lopetettujen toimintojen voittoja) Sisaumlltaumlauml 424 MEUR lopetettujen toimintojen voittoja

428428

Dividends and payout ratio

Total dividend Meuro (lhs)2012201320142015201627762776529508000000130687957723214928903999999933643473100000001Payout as of EPS (rhs)201220132014201520160844444444444444441084086274509803921573079310344827586221

Liikevaihto ja -voitto

28

Liikevaihto20072008200920102011201220132014201520161047400000000000194927341749280648115906102391050810994000000000001Liikevoitto (oik)2007200820092010201120122013201420152016135699999999999995124125243545775026347140000000000000671Vertailukelpoinen liikevoitto (oik)20072008200920102011201220132014201520161356999999999999973537524459577552677758907

OPO amp ROE

28

Oma paumlaumloma200720082009201020112012201320142015201633330560000000000002258252120922073219723112482633ROE = Oman paumlaumloman tuottoaste300999999999999982274100000000000000597000000000000011070000000000000007157108123121131

emoyhtioumln omistajille kuuluva paumlaumloma

Tuloslaskelma

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Tase

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

Kassavirta

Nettovelat

28

Korolliset nettovelat200720082009201020112012201320142015201684560664599999999999994668839941969829131595Velkaantumisaste (oik)2007200820092010201120122013201420152016254198252653930000000000000445433700000000000003276293488Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik)2007200820092010201120122013201420152016444645465575000000000001465579458000000000000044040000000000000656699999999999996Omavaraisuusaste (oik)2007200820092010201120122013201420152016502514088096227306865180000000000000450841199999999999996415439439443428

Solidity and Gearing

ampUniversBoldamp12Uponor Group JL ampd

amp6ampFampAPage ampP of ampNamp6Printout at ampD ampT

copy Uponor14

Outlook for the futureJyri Luomakoski ndash President and CEO

copy Uponor15

Leading indicators confirming a positive outlook

3 May 2017 Interim report results briefing 1-3 2017

Indicator YTD Change

Rolling 12-month Change Data through Trend since Q4

update

USA Housing starts +91) NA March 2017

Germany Housing permits +3 +19 January 2017

Finland Housing permits +4 +13 January 2017

Sweden Housing starts +28 +34 December 2016

Canada Housing starts +251) NA March 2017

Denmark Housing starts +20 +20 December 2016

Netherlands Housing permits -5 -5 December 2016

Spain Housing permits +26 +28 January 2017

UK Housing starts2) +5 +5 December 2016

Norway Housing starts +14 +18 February 2017

1) Seasonally adjusted annualised rate vs same month in 2016 2) England only

copy Uponor16

Permit activity in Europe points towards broad-based strengthening within the new multi-family segment bull Data through December 2016 shows a broad-

based and significant rise in residential building permits across Europe compared to the same time last year

bull Within the residential segment multi-family buildings are driving growth

bull Developments in the non-residential segment have been mixed with about half of all markets making gains while the other half have fallen since the same time last year

3 May 2017 Interim report results briefing 1-3 2017

60

80

100

120

140

160

180

200

Jan-

08Ju

n-08

Nov

-08

Apr

-09

Sep

-09

Feb-

10Ju

l-10

Dec

-10

May

-11

Oct

-11

Mar

-12

Aug

-12

Jan-

13Ju

n-13

Nov

-13

Apr

-14

Sep

-14

Feb-

15Ju

l-15

Dec

-15

May

-16

Oct

-16

Residential Non-residentialSource Eurostat (Base year = 2010)

European building permits index (Euro Area 19 seasonally adjusted)

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Q12000 Q42000 Q12001
Solidity 3690 4830 4480
Gearing 8890 5700 6570
Korolliset nettovelat ja velkaantumisaste
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Korolliset nettovelat 845 606 646 668 839 941 969 82 913 1595
Velkaantumisaste (oik) 25 20 25 27 39 45 34 28 29 49
Keskimaumlaumlraumlinen velkaantumisaste kvartaalien keskiarvo (oik) 44 46 45 46 56 65 58 46 40 57
Omavaraisuusaste (oik) 50 51 52 51 41 42 44 44 44 43
Meuro
Rahavirtalaskelma
Meuro 1-12 1-12
2015 2016 Muutos
Liiketoiminnan rahavirta +582 +599 +17
Investointien rahavirta -417 -918 -501
Rahavirta ennen rahoitusta +165 -319 -484
Rahoituksen rahavirta -284 -02 +282
Rahavarojen muutos -120 -319 -199
Meuro 1-12 1-12 Muutos
2016 2015
Tulorahoitus ERRORREF ERRORREF ERRORREF
Kaumlyttoumlpaumlaumloman muutos ERRORREF ERRORREF ERRORREF
Maksetutsaadut verot ja korot ERRORREF ERRORREF ERRORREF
Liiketoiminnan rahavirta ERRORREF ERRORREF ERRORREF
Investointien rahavirta -918 -417 -501
Rahavirta ennen rahoitusta ERRORREF ERRORREF ERRORREF
Osingot ja omien osakkeiden osto ERRORREF ERRORREF ERRORREF
Muu rahoitus ERRORREF ERRORREF ERRORREF
Rahoituksen rahavirta ERRORREF ERRORREF ERRORREF
Rahavarojen muutos ERRORREF ERRORREF ERRORREF
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Period Dec PeriodDec
Tase
Meuro
2015 2016 Muutos UBS Year2016 Year2015
Account12999 Pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 96 ERRORNAME ERRORNAME
Account19999 Lyhytaikaiset varat ERRORNAME ERRORNAME ERRORNAME -96 ERRORNAME ERRORNAME
Account19999 Varat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account20000 Osakepaumlaumloma ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Muu oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Account22000 Maumlaumlraumlysvallattomien omistajien osuus ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account22099 Oma paumlaumloma yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account26999 Pitkaumlaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account28999 Lyhytaikaiset velat ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Velat yhteensauml ERRORNAME ERRORNAME ERRORNAME
Account29999 Oma paumlaumloma ja velat yhteensauml ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Check ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos
2016 2015
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORREF ERRORREF ERRORREF
Aineettomat hyoumldykkeet ERRORREF ERRORREF ERRORREF
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME
Muut lyhyt- ja pitkaumlaikaiset varat ERRORREF ERRORREF ERRORREF
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME
Varaukset ERRORNAME ERRORNAME ERRORNAME
Korottomat velat ERRORNAME ERRORNAME ERRORNAME
Lyhytaikaiset korolliset velat ERRORREF ERRORREF ERRORREF
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME
Current year 2016 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2015 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Dec ValueltEntity curr totalgt
Last quarter Sep ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
Tuloslaskelma
Meuro 1-12 1-12 Year2015 Year2016
2015 2016 Muutos PeriodDec PeriodDec
Account30699 Liikevaihto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Hankinnan ja valmistuksen kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Bruttokate ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account44099 Liiketoiminnan muut tuotot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Kiinteaumlt kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account49999 Liikevoitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account50999 Account51899 Rahoitustuotot ja -kulut ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account61000 Osuus osakkuusyritysten tuloksesta ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Verot ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Tilikauden voitto ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Vertailukelpoinen bruttokate 3710 3839 +35 3710 3839
Vertailukelpoinen liikevoitto 758 907 +197 758 907
Oma paumlaumloma ja oman paumlaumloman tuotto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Oma paumlaumloma 3330 3056 2580 2521 2092 2073 2197 2311 2480 2633
ROE = Oman paumlaumloman tuottoaste 301 227 41 97 07 157 108 123 121 131
Meuro
Liikevaihto ja vertailukelpoinen liikevoitto
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liikevaihto 10474 9492 7341 7492 8064 8115 9060 10239 10508 10994 Meuro
Liikevoitto (oik) 1357 512 412 524 354 577 502 634 714 710 Meuro
Vertailukelpoinen liikevoitto (oik) 1357 730 537 524 459 577 552 677 758 907 Meuro
Meuro Meuro
Osinko Meuro (lhs) Osinko osakekoht tuloksesta (rhs)
Total dividend Meuro (lhs) Payout as of EPS (rhs) FIM
1996 119 71
1997 178 252 106
1998 227 538 135
1999 259 423 154 EPS Dividendshare
2000 306 460 087 040
2001 299 721 058 040
2002 555 872 086 075
2003 1069 002 144
2004 520 588 119 070
2005 1660 2027 112 227
2006 1025 1061 132 140
2007 1025 1007 139 140
2008 621 859 099 085
2009 366 3125 016 050
2010 402 1618 034 055
2011 255 003 035
2012 278 844 045 038
2013 278 1000 038 038
2014 307 840 050 042
2015 321 863 051 044
2016 336 793 058 046
FIM
1995 3212
1996 2616
1997 2196
1998 2123
1999 2525
Korolliset nettovelat MEUR (lhs) Gearing vuoden lopussa (rhs)
Net interest bearing liabilities Meuro (lhs) Gearing at year end (rhs) Avg gearing across quarters (rhs)
FAS 1995 5402 172
FAS 1996 4400 89
FAS 1997 3693 85
FAS 1998 3571 84
FAS 2000 3107 57
FAS 2001 2828 53
FAS 2002 1639 30
FAS 2003 840 18
IFRS 2004 336 9
IFRS 2005 -269 -6
IFRS 2006 217 6 5
IFRS 2007 845 25 44
IFRS 2008 606 20 46
IFRS 2009 646 25 45
IFRS 2010 668 27 46
IFRS 2011 839 39 56
IFRS 2012 941 45 65
IFRS 2013 969 34 58
IFRS 2014 820 28 46
IFRS 2015 913 29 40
IFRS 2016 2240 49 57
Omavaraisuusaste (rhs)
Solvency (rhs)
1995 0329
1996 0376
1997 0401
1998 0399
2000 0483
2001 0498
2002 0589
2003 0598
2004 0577
2005 0632
2006 0536
2007 0502 502 502 502 514088096227 518 508 412 415 439 439 443 428
2008 0514 514088096227 514088096227
2009 0518 518 518
2010 0508 508 508
2011 0412 412 412
2012 0415 415 415
2013 0439 439 439
2014 0439 439 439
2015 0443 443 443
2016 0428 428 428
Uponor Group Meuro 1-3 1-3 Change 1-12
2016 2017 YY 2016
Net cash from operations +215 +225 +10 +1053
Change in NWC -262 -406 -144 -166
Net payment of income tax and interest -98 -49 +49 -288
Cash flow from operations -145 -230 -85 +599
Cash flow from investments -345 -78 +267 -918
Cash flow before financing -490 -308 +182 -319
Dividends paid -322 -336 -14 -322
Other financing +540 +661 +121 +320
Cash flow from financing +218 +325 +107 -02
Conversion differences -01 +00 +01 +02
Change in cash and cash equivalents -273 +17 +290 -319
Uponor Group Meuro 1-3 1-3 Muutos
2017 2016
Tulorahoitus 225 215 +10
Kaumlyttoumlpaumlaumloman muutos -406 -262 -144
Maksetutsaadut verot ja korot -49 -98 +49
Liiketoiminnan rahavirta -230 -145 -85
Investointien rahavirta -78 -345 +267
Rahavirta ennen rahoitusta -308 -490 +182
Osingot ja omien osakkeiden osto -336 -322 -14
Muu rahoitus +661 +540 +121
Rahoituksen rahavirta 325 218 +107
Rahavarojen muutos 17 -272 +289
fmcluster_FIREX
ScenarioACT
ViewYTD
ValueltEntity curr totalgt
Entity1000SG
ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Period Mar Custom4[None]
PeriodMar
Uponor Group Meuro 31 Mar 31 Mar Change 31 Dec
2016 2017 YY 2016 Year2017 Year2016
Account11999 Property plant and equipment ERRORNAME ERRORNAME ERRORNAME 2409 ERRORNAME ERRORNAME
Account10999 Intangible assets ERRORNAME ERRORNAME ERRORNAME 1190 UBS ERRORNAME ERRORNAME
Account12989 Securities and long-term investments ERRORNAME ERRORNAME ERRORNAME 347 96 ERRORNAME ERRORNAME
Account13999 Inventories ERRORNAME ERRORNAME ERRORNAME 1393 ERRORNAME ERRORNAME
Account17999 Cash and cash equivalents ERRORNAME ERRORNAME ERRORNAME 163 UBS ERRORNAME ERRORNAME
Other current and non-current assets ERRORNAME ERRORNAME ERRORNAME 2173 -96 ERRORNAME ERRORNAME
Account19999 Assets total ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
Account21999 Account22000 Total equity ERRORNAME ERRORNAME ERRORNAME 3269 ERRORNAME ERRORNAME
Account25499 Account25750 Non-current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 1582 ERRORNAME ERRORNAME
Account27099 Account25099 Provisions ERRORNAME ERRORNAME ERRORNAME 288 ERRORNAME ERRORNAME
Non-interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 2360 ERRORNAME ERRORNAME
Account28779 Account27400 Account27999 Current interest-bearing liabilities ERRORNAME ERRORNAME ERRORNAME 176 ERRORNAME ERRORNAME
Account29999 Shareholders equity and liabilities total ERRORNAME ERRORNAME ERRORNAME 7675 ERRORNAME ERRORNAME
) On 31 March 2016 cash and cash equivalents include euro10 million in restricted cash
Check - Net Interest Bearing Liabilities ERRORNAME ERRORNAME
ERRORNAME ERRORNAME
MEUR 309 309 Muutos 3112
2017 2016 2016
Aineelliset kaumlyttoumlomaisuushyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 2409
Aineettomat hyoumldykkeet ERRORNAME ERRORNAME ERRORNAME 1190
Arvopaperit ja pitkaumlaikaiset sijoitukset ERRORNAME ERRORNAME ERRORNAME 347
Vaihto-omaisuus ERRORNAME ERRORNAME ERRORNAME 1393
Rahat ja pankkisaamiset ERRORNAME ERRORNAME ERRORNAME 163
Muut lyhyt- ja pitkaumlaikaiset varat ERRORNAME ERRORNAME ERRORNAME 2173
Oma paumlaumloma ERRORNAME ERRORNAME ERRORNAME 3269
Pitkaumlaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 1582
Varaukset ERRORNAME ERRORNAME ERRORNAME 288
Korottomat velat ERRORNAME ERRORNAME ERRORNAME 2360
Lyhytaikaiset korolliset velat ERRORNAME ERRORNAME ERRORNAME 176
Tase yhteensauml ERRORNAME ERRORNAME ERRORNAME 7675
GRAPH DATA - Net sales GRAPH DATA - Comparable operating profit
Building Solutions - Europe Building Solutions - North America Uponor Infra Building Solutions - Europe Building Solutions - North America Uponor Infra
1-3 2016 1230 707 541 1-3 2016 75 111 -32
1-3 2017 1243 782 631 1-3 2017 67 106 -19
Currency Meuro
Net sales Comparable operating profit
Current year 2017 fmcluster_FIREX Entity8010 ERRORNAME
Last year 2016 ScenarioACT Entity9870 ERRORNAME
ViewYTD Entity1000SG ERRORNAME
Period Mar ValueltEntity curr totalgt
Last quarter Dec ICP[ICP Top]
Custom1IFRS
Custom2FUNCTIONSTTL
Custom3PRODTOT
Custom4[None]
YTD
1-3 1-3
Uponor Group Meuro 1-3 1-3 Change 1-12 Year2016 Year2017 Year2016 Year2017
2016 2017 YY 2016 PeriodMar PeriodMar PeriodDec PeriodDec
Account30699 Net sales ERRORNAME ERRORNAME ERRORNAME 10994 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME 7234 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33399 Gross profit ERRORNAME ERRORNAME ERRORNAME 3760 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts 342
Account44099 Other operating income ERRORNAME ERRORNAME ERRORNAME 42 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME 3092 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 88
Account49999 Operating profit ERRORNAME ERRORNAME ERRORNAME 710 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 487
Account50999 Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts 65 300100 39900 432100 1972400 IAC 141
Account51899 Financial expenses net ERRORNAME ERRORNAME ERRORNAME 100 ERRORNAME ERRORNAME ERRORNAME ERRORNAME 49
Account61000 Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME -06 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME 604 ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account89999 Profit for the period ERRORNAME ERRORNAME ERRORNAME 415 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Depreciation and impairment
Account51999 EBITDA ERRORNAME ERRORNAME ERRORNAME 1126 ERRORNAME ERRORNAME ERRORNAME ERRORNAME Year2016 Year2017 Year2016 Year2017
PeriodMar PeriodMar PeriodDec PeriodDec
Depreciation ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33290 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Quarter Account33291 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
1-3 1-3 Account33292 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33395 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Account33396 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Continuing operations Meuro 1-3 1-3 Change Account33490 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
2016 2017 YY 1-32016 1-32017 Account33491 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Net sales ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33590 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Cost of goods sold ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33591 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33690 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Gross profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account33691 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Other operating income ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33695 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Expenses ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33696 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33790 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Operating profit margin () ERRORNAME ERRORNAME ERRORNAME pts Account45020 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Financial expenses net ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33791 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Share of result in associated companies ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME Account33792 ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit before taxes ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Profit for the period ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
EBITDA ERRORNAME ERRORNAME ERRORNAME ERRORNAME ERRORNAME
Uponor Group 1-3 1-3 Change 1-12
2016 2017 YY 2016 fmcluster_FIREX
Net sales Meuro ERRORNAME ERRORNAME ERRORNAME 10994 ScenarioAct
Operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 710 Entity8010
Comparable operating profit Meuro ERRORNAME ERRORNAME ERRORNAME 907 ViewYTD
Comparable operating profit margin ERRORNAME ERRORNAME ERRORNAME pts 82 ICP[ICP Top]
Earnings per share (diluted) euro 010 011 +100 058 Custom1IFRS
Return on equity (pa) 79 94 +15 pts 131 Custom2FUNCTIONSTTL Year2017 Year2016 Year2016
Return on investment (pa) 89 99 +10 pts 141 Custom3PRODTOT PeriodMar PeriodMar PeriodDec
Net interest bearing liabilities Meuro 1765 2240 +269 1595 ValueEUR Total
Gearing 624 745 +121 pts 488 ERRORNAME
Net working capital of net sales (pa) ERRORNAME ERRORNAME ERRORNAME pts 102 AccountKF_NWC_NS ERRORNAME ERRORNAME ERRORNAME
Number of employees end of period FTE 3810 3866 +15 3868
Page 14: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor14

Outlook for the futureJyri Luomakoski ndash President and CEO

copy Uponor15

Leading indicators confirming a positive outlook

3 May 2017 Interim report results briefing 1-3 2017

Indicator YTD Change

Rolling 12-month Change Data through Trend since Q4

update

USA Housing starts +91) NA March 2017

Germany Housing permits +3 +19 January 2017

Finland Housing permits +4 +13 January 2017

Sweden Housing starts +28 +34 December 2016

Canada Housing starts +251) NA March 2017

Denmark Housing starts +20 +20 December 2016

Netherlands Housing permits -5 -5 December 2016

Spain Housing permits +26 +28 January 2017

UK Housing starts2) +5 +5 December 2016

Norway Housing starts +14 +18 February 2017

1) Seasonally adjusted annualised rate vs same month in 2016 2) England only

copy Uponor16

Permit activity in Europe points towards broad-based strengthening within the new multi-family segment bull Data through December 2016 shows a broad-

based and significant rise in residential building permits across Europe compared to the same time last year

bull Within the residential segment multi-family buildings are driving growth

bull Developments in the non-residential segment have been mixed with about half of all markets making gains while the other half have fallen since the same time last year

3 May 2017 Interim report results briefing 1-3 2017

60

80

100

120

140

160

180

200

Jan-

08Ju

n-08

Nov

-08

Apr

-09

Sep

-09

Feb-

10Ju

l-10

Dec

-10

May

-11

Oct

-11

Mar

-12

Aug

-12

Jan-

13Ju

n-13

Nov

-13

Apr

-14

Sep

-14

Feb-

15Ju

l-15

Dec

-15

May

-16

Oct

-16

Residential Non-residentialSource Eurostat (Base year = 2010)

European building permits index (Euro Area 19 seasonally adjusted)

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Page 15: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor15

Leading indicators confirming a positive outlook

3 May 2017 Interim report results briefing 1-3 2017

Indicator YTD Change

Rolling 12-month Change Data through Trend since Q4

update

USA Housing starts +91) NA March 2017

Germany Housing permits +3 +19 January 2017

Finland Housing permits +4 +13 January 2017

Sweden Housing starts +28 +34 December 2016

Canada Housing starts +251) NA March 2017

Denmark Housing starts +20 +20 December 2016

Netherlands Housing permits -5 -5 December 2016

Spain Housing permits +26 +28 January 2017

UK Housing starts2) +5 +5 December 2016

Norway Housing starts +14 +18 February 2017

1) Seasonally adjusted annualised rate vs same month in 2016 2) England only

copy Uponor16

Permit activity in Europe points towards broad-based strengthening within the new multi-family segment bull Data through December 2016 shows a broad-

based and significant rise in residential building permits across Europe compared to the same time last year

bull Within the residential segment multi-family buildings are driving growth

bull Developments in the non-residential segment have been mixed with about half of all markets making gains while the other half have fallen since the same time last year

3 May 2017 Interim report results briefing 1-3 2017

60

80

100

120

140

160

180

200

Jan-

08Ju

n-08

Nov

-08

Apr

-09

Sep

-09

Feb-

10Ju

l-10

Dec

-10

May

-11

Oct

-11

Mar

-12

Aug

-12

Jan-

13Ju

n-13

Nov

-13

Apr

-14

Sep

-14

Feb-

15Ju

l-15

Dec

-15

May

-16

Oct

-16

Residential Non-residentialSource Eurostat (Base year = 2010)

European building permits index (Euro Area 19 seasonally adjusted)

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Page 16: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor16

Permit activity in Europe points towards broad-based strengthening within the new multi-family segment bull Data through December 2016 shows a broad-

based and significant rise in residential building permits across Europe compared to the same time last year

bull Within the residential segment multi-family buildings are driving growth

bull Developments in the non-residential segment have been mixed with about half of all markets making gains while the other half have fallen since the same time last year

3 May 2017 Interim report results briefing 1-3 2017

60

80

100

120

140

160

180

200

Jan-

08Ju

n-08

Nov

-08

Apr

-09

Sep

-09

Feb-

10Ju

l-10

Dec

-10

May

-11

Oct

-11

Mar

-12

Aug

-12

Jan-

13Ju

n-13

Nov

-13

Apr

-14

Sep

-14

Feb-

15Ju

l-15

Dec

-15

May

-16

Oct

-16

Residential Non-residentialSource Eurostat (Base year = 2010)

European building permits index (Euro Area 19 seasonally adjusted)

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Page 17: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor17

Builder confidence continues to strengthen in most European markets driven by improved order books

3 May 2017 Interim report results briefing 1-3 2017

-15

-10

-5

0

5

10

15

20

25

Fran

ce

Net

herla

nds

Sw

eden

Ger

man

y

Finl

and

Por

tuga

l

EU

-28

Italy

Pol

and

Den

mar

k

UK

Spa

in

-45

-40

-35

-30

-25

-20

-15

-10

-5

0

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4Se

p-14

Jan-

15M

ay-1

5Se

p-15

Jan-

16M

ay-1

6Se

p-16

Jan-

17

Source Eurostat

Change in construction confidence index(Q1 2017 avg vs Q1 2016 avg)

EU construction confidence index

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Page 18: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor18

USA - Continued expansion but at more moderate levelsThe economy continues to expand driven by sustained job growth and very solid consumer confidence However lacklustre business investments labour shortages in some industries and rising interest rates are tempering growth

Within the construction industry

bull Private residential construction spending has reached its highest level since August 2007

bull Builder confidence (HMI) reached its highest level since 2005

bull Many non-residential building segments such as offices and commercial space continue to expand

3 May 2017 Interim report results briefing 1-3 2017

0

10

20

30

40

50

60

70

80

0

500

1 000

1 500

2 000

2 500

Single-family starts (lhs) Multi-family Starts (lhs)

Housing Market Index (rhs)

Source US Census NAHBWells Fargo

HM

I

annu

alis

ed h

ousi

ng s

tarts

(in

000rsquo

s)

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Page 19: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor19

Germany - A strong labour market is supporting residential investment Private consumption and government expenditures combined with buoyant business confidence have continued to boost the economy

Within the construction industry

bull Order books have improved compared to the same time in 2016

bull Multi-family building permits continue to drive gains in the residential segment

bull Construction sentiment stumbled in the last months of 2016 but remains encouraging

3 May 2017 Interim report results briefing 1-3 2017

-35-30-25-20-15-10-5051015

140000160000180000200000220000240000260000280000300000320000340000

Jan-

09S

ep-0

9M

ay-1

0Ja

n-11

Sep

-11

May

-12

Jan-

13S

ep-1

3M

ay-1

4Ja

n-15

Sep

-15

May

-16

Jan-

17

Con

stru

ctio

n co

nfid

ence

indi

cato

r

Perm

its (r

ollin

g 12

-mon

th to

tal)

Rolling 12-month permit total (lhs)

Construction confidence (rhs)

German housing permits and builder confidence

Source Destatis and Eurostat

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Page 20: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor20

Management agenda for 2017

bull Complete the broad-based transformation in Building Solutions ndash Europe and return to growth path in Germanyndash Continue with the expansion in Asia

bull Maintain higher than the market average sales growth in North America and secure smooth supply of products as demand grows

bull Boost the strategic initiatives in Uponor Infra to grow designed solutions sales and the segmentrsquos profitability

bull Carry through the strategic investments in research technology and corporate development to maintain lead in sustainable building technology and hygienic plumbing

3 May 2017 Interim report results briefing 1-3 2017

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Page 21: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor21

Guidance

bull In February 2017 Uponor estimated that the Groups capital expenditure would be in the range of euro50-60 million excluding any investment in shares With new planned additions included the capital expenditure is expected to be close to euro60 million in 2017

bull Encouraging improvement in demand in the European markets influencing both building solutions and infrastructure solutions and supported by improving confidence attractive credit terms immigration and pent up demand

bull Volatility in the market is expected to continue and political risks remain

bull Assuming that economic development in Uponors key geographies continues undisturbed Uponor repeats earlier guidance from February 2017

The Grouprsquos net sales and comparable operating profit are expected to improve from 2016

3 May 2017 Interim report results briefing 1-3 2017

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Page 22: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

QampAUponor IR site investorsuponorcom

Uponor IR app

Follow usTwitter UponorGroupLinkedIn Uponor

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Page 23: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

Appendix

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Page 24: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor24

Finland - The recovery is gaining a foothold

Private consumption and investment continue to be the source of most growth in the economy but signs of improvement can also be seen in industry

Within the construction industry

bull Residential starts and permits have made gains compared to the same time last year

bull Non-residential starts have grown driven by an increase in industrial projects

bull Construction confidence has plateaued but remains relatively high

3 May 2017 Interim report results briefing 1-3 2017

Finnish housing permits and builder confidence

Source Statistics Finland amp Eurostat

-70

-60

-50

-40

-30

-20

-10

0

10

2000

2500

3000

3500

4000

4500

Jan-

09Ju

l-09

Jan-

10Ju

l-10

Jan-

11Ju

l-11

Jan-

12Ju

l-12

Jan-

13Ju

l-13

Jan-

14Ju

l-14

Jan-

15Ju

l-15

Jan-

16Ju

l-16

Jan-

17

cons

truct

ion

conf

iden

ce in

dica

tor

rollin

g 12

-mon

th to

tal

in th

ousa

nd m

2

Permits (lhs) Construction confidence indicator (rhs)

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Page 25: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor25

Sweden - Fundamentals remain solid

Consumer and business sentiment are high and growth although moderating remains solid

In the construction industry

bull Housing starts rose another 30 in FY 2016 driven by multi-family starts to more than 60000 dwellings

bull Construction confidence remains high and order books are steady

bull Non-residential building permits have also risen

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Sweden

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3Q1 Q3 Q1 Q3

2008 2009 2010 2011 2012 2013 2014 2015 2016

rolli

ng 4

-qua

rter

tota

l

quar

terly

am

ount

Quarterly (lhs) Rolling 4-quarter total (rhs)

Source Statistics Sweden

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Page 26: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor26

Canada

3 May 2017 Interim report results briefing 1-3 2017

0

50

100

150

200

250

300Ja

n-08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

seas

onal

ly a

djus

ted

ann

ual r

ate

in 0

00rsquos

Source CMHC Statistics Canada

March 2017 253720Change vs 2016 +25

Housing starts in Canada(Seasonally adjusted annual rate)

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Page 27: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor27

Denmark

3 May 2017 Interim report results briefing 1-3 2017

0

5000

10000

15000

20000

25000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-10

Mar

-10

May

-10

Jul-1

0S

ep-1

0N

ov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1S

ep-1

1N

ov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2S

ep-1

2N

ov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3S

ep-1

3N

ov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4S

ep-1

4N

ov-1

4Ja

n-15

Mar

-15

May

-15

Jul-1

5S

ep-1

5N

ov-1

5Ja

n-16

Mar

-16

May

-16

Jul-1

6S

ep-1

6N

ov-1

6

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Started Rolling 12-month total

Jan-Dec 2016 20248Change vs 2015 +20

Housing starts in Denmark

Source Statistics Denmark

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway
Page 28: Interim results briefing - Amazon S3...by several key markets picking up from Q1 2016 3 May 2017 Interim report results briefing 1- 3 / 2017 Net sales ― Building Solutions – Europe

copy Uponor28

Norway

3 May 2017 Interim report results briefing 1-3 2017

Housing starts in Norway

Jan-Feb 2017 5670Change vs 2015 +14

Source Statistics Norway

0

5000

10000

15000

20000

25000

30000

35000

40000

0

500

1000

1500

2000

2500

3000

3500

4000Ja

n-09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Oct

-16

Jan-

17

rollin

g 12

-mon

th to

tal

mon

thly

am

ount

Starts Rolling 12-month total

  • Interim results briefing
  • Market overview first quarter 2017
  • Q12017 Net sales grows in all segments driven by several key markets picking up from Q1 2016
  • Developments by segment Building Solutions ndash Europe
  • Developments by segment Building Solutions ndash North America
  • Developments by segment Uponor Infra
  • Financial statements
  • January ndash March 2017Key figures
  • January ndash March 2017Income statement
  • January ndash March 2017Net sales amp comparable operating profit by segment
  • January ndash March 2017Net sales development by key markets
  • January ndash March 2017Balance sheet
  • January ndash March 2017Cash flow
  • Outlook for the future
  • Leading indicators confirming a positive outlook
  • Permit activity in Europe points towards broad-based strengthening within the new multi-family segment
  • Builder confidence continues to strengthen in most European markets driven by improved order books
  • USA - Continued expansion but at more moderate levels
  • Germany - A strong labour market is supporting residential investment
  • Management agenda for 2017
  • Guidance
  • QampA
  • Appendix
  • Finland - The recovery is gaining a foothold
  • Sweden - Fundamentals remain solid
  • Canada
  • Denmark
  • Norway

Recommended