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Uponor Oyj (UNR1V.HE)

UNR1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Franklin Templeton reduces stake in Uponor below 5 pct
Monday, 20 Mar 2017 05:15am EDT 

Uponor Oyj : Franklin Templeton ownership decreases below 5 percent . Holdings of Franklin Templeton Institutional, LLC, wholly-owned subsidiary of Franklin Resources, Inc. , came to 4.97 percent, or 3.6 million shares, on 16 March 2017 .In previous notification, dated Sept. 15, 2016, Franklin Templeton's ownership was 9.55 percent.  Full Article

Uponor Q4 EBIT ex-items EUR 16.1 million, below expectations
Monday, 13 Feb 2017 01:00am EST 

Uponor Oyj : Q4 net sales 268.9 million euros ($285 million)(Reuters poll: 277 million euros) . Q4 EBIT ex-items 16.1 million euros (Reuters poll: 19.7 million euros) . 2017 group's net sales and comparable operating profit are expected to improve from 2016 .Dividend proposal is 0.46 euro(0.44 euro year ago) per share (0.47 euro seen in Reuters poll).  Full Article

Uponor concludes its employee negotiations in Spain
Thursday, 22 Dec 2016 07:00am EST 

Uponor Oyj : Uponor concludes its employee negotiations in Spain . Reductions will be made by end of February 2017 . Will close its PEX pipe production site in Mostoles, Spain . As a result, up to 50 employment contracts will be terminated, which is somewhat less than originally planned .For most part, reductions will be made by end of February 2017.  Full Article

Uponor names Maija Strandberg Executive Vice President Finance at Uponor
Monday, 21 Nov 2016 03:06am EST 

Uponor Oyj : Names Maija Strandberg (47) Executive Vice President, Finance at Uponor . Strandberg will succeed current CFO, Riitta Palomäki who retires at end of May 2016 .Palomäki to act as CFO until end of AGM in March 2017, at which point Strandberg will take over in that role.  Full Article

Uponor Q2 operating profit EUR 26.5 million, above expectations
Tuesday, 26 Jul 2016 01:00am EDT 

Uponor Oyj : Q2 net sales 299.5 million euros ($329.48 million) versus 290 million euros in Reuters poll . Q2 operating profit 26.5 million euros (Reuters poll 21.9 million euros) . Q2 operating profit up 18 pct y/y driven by Building Solutions – Europe and Uponor Infra .Reiterates its full-year guidance - sees 2016 net sales and comparable operating profit to improve from 2015.  Full Article

Uponor and Belkin form JV for intelligent water sensing technology
Wednesday, 25 May 2016 09:00am EDT 

Uponor Oyj : Says the company and Belkin International, Inc form joint venture (JV) to pioneer in intelligent water sensing technology . Closing of this partnership agreement is expected to happen during July 2016 . New partnership to be called Phyn . Parties to establish two joint venture companies - first JV will operate in US and second one in Europe, at a later stag . Says will initially invest $15 million in exchange of a 37.5 pct shareholding in companies . Has an option to invest an additional $10 million and increase its shareholding in Phyn to 50 pct . Investment will impact Uponor's cash flow in Q2 2016 but has no impact on profit guidance for 2016 .  Full Article

Uponor repeats FY 2016 guidance
Friday, 29 Apr 2016 01:00am EDT 

Uponor Oyj:Repeats FY 2016 guidance.Sees FY 2016 net sales and operating profit (ex-items) to improve from FY 2015, assuming that economic development in Uponor's key geographies otherwise continues undisturbed.Reported revenue of 1.05 billion euros in FY 2015.FY 2016 revenue 1.10 billion euros-Thomson Reuters I/B/E/S.  Full Article

Uponor issues FY 2016 outlook; proposes dividend of EUR 0.44/shr
Friday, 12 Feb 2016 07:00am EST 

Uponor Oyj:FY 2016 net sales and operating profit (excluding any non-recurring items) are expected to improve from FY 2015.Proposes to annual general meeting a dividend of 0.44 euro (0.42) per share.Reported FY 2015 net sales 1.05 billion euros and operating profit 71.4 million euros.FY 2016 revenue 1.07 billion euros and operating profit 89.00 million euros - Thomson Reuters I/B/E/S.  Full Article

Uponor raises FY 2015 forecast
Tuesday, 26 Jan 2016 02:30am EST 

Uponor Oyj:Says Q4 2015 net sales and operating profit developed better than anticipated as demand for Uponor's solutions exceeded expectations in key European markets​.Consolidated FY 2015 net sales is estimated to be close to 1,050 million euros (FY 2014: 1,024 million euros)​.FY 2015 reported operating profit is estimated at around 71 million euros (FY 2014: 63.4 million euros)​.Operating profit for FY 2015 will be burdened by non-recurring costs from previously announced restructuring programs at about 6.2 million euros.Operating profit also includes gains from the divestments of Uponor Infra's Thai and Extron units and its sale of the Omega-Liner business, totalling 1.9 million​ euros.FY 2015 revenue 1,043 million euros, EBIT 65.19 million euros-Thomson Reuters I/B/E/S.  Full Article

Uponor Oyj concludes co-determination negotiations in Finland
Tuesday, 19 Jan 2016 06:00am EST 

Uponor Oyj:Uponor Corporation's Finnish subsidiaries Uponor Infra Oy and Uponor Suomi Oy have concluded the co-determination negotiations in Finland.‍As a result, a total of 126 employment contracts will be terminated, a clearly lower number than originally planned​.Reductions should be made by Sept. 2016 at latest​.  Full Article

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BRIEF-Franklin Templeton reduces stake in Uponor below 5 pct

* Holdings of Franklin Templeton Institutional, LLC, wholly-owned subsidiary of Franklin Resources, Inc., came to 4.97 percent, or 3.6 million shares, on 16 March 2017