Q1 2021 Uponor Oyj Earnings Presentation Transcript

May 05, 2021 / 07:00AM GMT
Presentation
May 05, 2021 / 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 warmly welcome to Uponor's First Quarter 2021 Release Webcast. My name is Jyri Luomakoski. I'm the President and CEO for Uponor. And with me in this webcast is Minna Yrjönmäki, our CFO. She will on the stage soon.

The numbers we released this morning, as you can see from the highlights of the first quarter, it was a strong quarter for us, more than EUR 300 million or EUR 310 million for net sales organic growth, 14.4%. Comparable OP, up to EUR 47.6 million, growing more than 60%. But what's, of course, very delightful is the margin exceeding 15% on the first quarter. And this is contributed by all of our 3 divisions.

On the next slide, we see the last 5 quarters. We see the growth in the first quarter. And again, kind of

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