MOSCOW (MRC) -- Uponor’s steady progress continued during the second quarter of 2015, driven by North America and Uponor Infra, said the company in its press release.
The Group’s reported net sales for April-June totalled EUR277.6 million, up 4.9% or 0.3% in constant currency. Operating profit for the Group for April-June came to EUR22.5 million, up 27.9% in like-for like terms.
The second quarter of 2015 saw an acceleration in the economic trends witnessed in the first quarter. Uponor reported continued strong performance in Building Solutions – North America. The U.S. markets maintained their strength while weak demand continued to burden the European building solutions business, with only a few markets reporting growth in the second quarter. Germany, Uponor’s largest national market in Europe, developed rather unsatisfactorily, which has also impacted on our European supply chain. Uponor Infra reported a solid profit improvement, despite flat demand and tight public finances.
As MRC informed earlier, Uponor is to invest in the construction of a plant for the manufacture of plastic pipes for the water supply systems of the Leningrad Region. According to a source from Uponor Rus, plant capacity will amount to 1 million m of pipes per year.
Uponor is an international market leader, striving to provide better plumbing, indoor climate and infrastructure solutions across Europe, North America and in other international markets. In close partnership with building industry professionals we are continuously seeking out innovative ways to ensure our systems offer the most efficient, reliable and high-performing solutions available to residential and commercial structures around the globe.
MRC