Page 39 - KWH Annual review 2017

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uponoR InfRA
o n 1 July 2013, Uponor Infra Oy began trading, with the merger of the infrastructure solution
business units of the KWH Group and Uponor Oyj. Uponor is Uponor Infra Oy’s majority shareholder (55.3%), and Uponor Infra Oy is consolidated in Uponor as the Infrastructure segment. The KWH Group owns 44.7% of the shares.
From 2013–2016, the Company went through a major restructuring process with the aim of generating signi cant synergy and integration effects. The anticipated goals were reached.
The general economic situation has affected demand in Uponor Infra’s most important markets. Overall demand in the main markets is expected to be stable.
The Company’s sales amounted to EUR 323.4 (287.9) million. Pro tability improved compared with previous years, reaching a satisfactory level.
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