From GlobeNewswire:

Uponor Corporation’s Financial Statements Bulletin shows an increase in net sales and operating profit margins despite October-December revenues of only €277.6 million and a net loss for the quarter. They aren’t providing guidance for 2024 due to minority share redemption by Georg Fischer and the subsequent delisting of Uponor shares. They propose no dividend be paid for 2023. They achieved a 12.3% annual operating margin reflecting improved margin resilience, even with sales of €1,221 million in 2023, down 11.9% from last year. Their CEO is confident about acceleration in growth and innovation under new ownership and thanked shareholders for their support, as Uponor will become a part of Georg Fischer AG. They announced a H1/2024 report but will consider the delisting of their shares when publishing. For further information, please contact:Markus Melkko, CFO, tel. +358 20 129 2038 DISTRIBUTION:Nasdaq HelsinkiMedia About Uponor Uponor, a leading global provider of groundwater, flow solutions, with information available about their sustainability and commitment to transparency in ESG reporting.



Read more: Uponor Corporation’s Financial Statements Bulletin