Q2 2021 Uponor Oyj Earnings Presentation Transcript

Jul 27, 2021 / 10:00AM GMT
Presentation
Jul 27, 2021 / 10:00AM 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

Good afternoon, and welcome to Uponor Corporation's Half Year Result Briefing 2021. My name is Jyri Luomakoski, I'm the President and CEO of Uponor. And with me in the studio, I have Minna Yrjönmäki, our CFO. She will be soon in the front going through the financials.

We had a strong second quarter. Especially in our Building Solutions divisions, we had organic net sales growth in excess of 30%. And our comparable operating profit was up even a bit more, 33%. So both Building Solutions divisions improved both the net sales and OP. Infra segment, Uponor Infra, the net sales did increase while operating profit decreased slightly.

When we compare the track record and especially the historically high EUR 353 million of quarterly net sales, we see a

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