Market: Nasdaq Helsinki
ISIN: FI0009002158
Industry: Construction & Materials
Uponor is rethinking water for future generations. Our offering, including safe drinking water delivery, energy-efficient radiant heating and cooling and reliable infrastructure, enables a more sustainable living environment. We help our customers in residential and commercial construction, municipalities and utilities, as well as different industries to work faster and smarter. Uponor employs about 3,700 professionals in 26 countries in Europe and North America. In 2020, Uponor's net sales totalled approximately €1.1 billion. Uponor Corporation is based in Finland and listed on Nasdaq Helsinki.

Net sales and operating profit

Share basics

UPONOR
27 October 2021
Currency Euro
Previous Close 23.60
Change (%) -2.72
Volume 53,021
Number of Shares (million) 73.21
Market Cap (M€) 1,727.68

Key figures

Untitled Document
  2016 2017 2018 2019 2020
Net sales, M€ 1,099.4 1,170.4 1,196.3 1,103.1 1,136.0
Comparable operating profit, M€ 90.7 97.2 99.3 92.7 142.7
Shareholders' equity, M€ 263.3 280.2 297.6 311.6 356.8
Return on equity (ROE), % 13.1 19.4 18.0 15.3 24.3
Return on investment (ROI), % 14.1 16.3 17.2 14.4 21.8
Solvency, % 42.8 40.5 45.1 44.6 48.7
Equity per share, € 3.60 3.83 4.08 4.27 4.89
Personnel, average 3,869 3,990 4,074 3,801 3,708
Personnel, at the end of period 3,868 4,075 3,928 3,708 3,658

 

Major shareholders

30 September 2021 Shares % of shares Change Change %
1 Oras Invest Oy 18,030,780 24.63 0 0.00
2 Skandinaviska Enskilda Banken Ab (publ) Helsinki Branch (Nominee registered shareholders) 12,382,647 16.91 834,951 7.23
3 Nordea Bank Abp (Nominee registered shareholders) 6,195,528 8.46 -318,233 -4.89
4 Varma Mutual Pension Insurance Company 2,962,072 4.05 0 0.00
5 Citibank Europe Plc (Nominee registered shareholders) 2,923,181 3.99 10,914 0.37
6 Nordea Nordic Small Cap Fund 2,675,768 3.66 -100,000 -3.60
7 Ilmarinen Mutual Pension Insurance Company 2,059,145 2.81 0 0.00
8 Mandatum Life Insurance Company Ltd. 1,527,500 2.09 5,800 0.38
9 Sigrid Jusélius Foundation 888,286 1.21 -38,000 -4.10
10 Paasikivi Pekka Johannes 853,900 1.17 0 0.00
10 largest owners total 50,498,807 68.98
Number of shares total 73,206,944 100.00

Long-term financial targets

Annual targets and actuals 2016 2017 2018 2019 2020
Organic net sales growth to exceed GDP growth(1 by 3 ppts (2020E: -1.2%) 2.0 6.5 4.9 -0.4 3.0
Comparable(2 EBIT margin >10% 8.2 8.3 8.3 8.4 12.6
Return on investment, ROI(3 (p.a.) >20% 14.1 16.3 17.2 14.4 21.8
Gearing(3 (annual average for the four latest quarters) 40–80% 56.7 58.4 53.0 57.5 28.6
Dividend payout > 50% of earnings 79.3 59.0 70.8 73.6 47.1

1) GDP growth based on weighted average growth in the top 10 countries, measured by net sales.

2) The targets issued in February 2013 referred to reported EBIT margin.

3) The impact of IFRS 16 adoption on Uponor's liabilities as of 1 January 2019 was €44.3 million, increasing the amount of lease liabilities.

Upcoming events

DateEvent
28 September 2021 - 28 October 2021Silent period
28 October 2021 08:00 Interim report January–September 2021
1 January 2022 01:00Silent period
10 February 2022 08:00Financial statements bulletin for 2021
14 March 2022 01:00Capital Markets Day 2022