Uponor Infra Oy started its operations on July 1st, 2013, with the fusion between KWH Group and Uponor Oyj and their infrastructure solution units. Uponor Infra Oy is majority owned by Uponor (55.3%) and is consolidated in Uponor as the Infrastructure segment. The KWH Group owns 44.7% of the shares.
The company had a turnover of 286.8 (252.0) million Euro. Operating profit was somewhat lessened due to high costs of raw materials which they didn’t have time to compensate fully for with price increases. On the positive side Uponor Infra saw increased sales volumes and the product mix was improved.
The general situation has an impact on Uponor Infra’s most important markets. Demand during the coming years is expected to be stable as a whole on the main markets.