Q2 2020 Uponor Oyj Earnings Presentation Transcript

Jul 24, 2020 / 07:00AM GMT
Presentation
Jul 24, 2020 / 07:00AM GMT

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Corporate Participants
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* Jyri Luomakoski
Uponor Oyj - President, CEO & MD
* Minna Yrjönmäki
Uponor Oyj - CFO

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Jyri Luomakoski - Uponor Oyj - President, CEO & MD

Very good morning. And welcome to Uponor's Half Year Financial Result Briefing January to June 2020. My name is Jyri Luomakoski. I'm the President and CEO of Uponor. And with me on the webcast, I have Minna Yrjönmäki, our CFO, who will then share some light -- shed some light into the numbers of our first half year. When looking at the last quarter, certainly, we were very pleased with our profitability progress because operating profit improved in all of our segments despite a decline in net sales. In aggregate, net sales developed minus 5.3%, which was both reported and the kind of comparable constant currency. Currency or currency-neutral development, but 43% year-on-year growth on the comparable OP. Similar picture, all segments suffered on the top line,

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