Uponor renews its Group strategy and introduces new financial targets to drive profitable growth. Uponor’s new Group strategy is centred on maximizing the core and sustainable innovation.
Michael Rauterkus, president & CEO of Uponor, said: “Uponor is a leading partner and a pioneer in sustainable water systems and indoor climate. We are well positioned to benefit from the megatrends of net zero, productivity and clean water.
“In our new strategy, maximizing the core refers to leveraging our strong position and accelerating growth in our core categories through systematic growth plans, commercial excellence and M&A. In addition, we will drive growth through a step change in innovation and new technology development and create synergies across our divisions and categories.
“To pursue the updated strategy and financial targets, we will launch a People First initiative to strengthen the performance mindset of our highly engaged and diverse team of Uponorians.”
Uponor’s new financial targets are as follows:
· Net sales: > 4% annual organic growth (previous target: annual GDP growth 3 ppts)
· Profitability: > 12% operating margin (previous target: > 10% operating margin)
· Capital structure: gearing 40–80% (previous target: gearing 40–80%)
· Dividend: growing (previous target: min. 50% of annual earnings)
For 2022, Uponor reiterates its financial guidance: Excluding the impacts of currencies, Uponor expects its net sales and comparable operating profit to increase from 2021.