Guidance statements 2017

Latest guidance

14 February 2017

For the full year 2017, Nordic Waterproofing Group expects the general demand to be similar to that in 2016 in most of its markets. The Group expects to meet its financial targets, exceeding the growth in its current markets through organic growth as well as acquisitions designed to enhance the Group’s product portfolio. Higher raw material prices are anticipated for the year, leading towards an increase of our own sales prices. With the contribution from recent acquisitions, the Group expects to maintain the historically high profit level achieved in 2016 despite the current increase in raw material prices. The operating profit (EBIT) before items affecting comparability is therefore expected to be in line with the full year 2016.

Grounds for outlook assumptions

The above statements regarding prospects for 2017 are based on the Group’s accounting principles, which are in accordance with the IFRS accounting and valuation rules. The statements contain estimates and assumptions that are beyond the Group’s control and/or influence. Important underlying assumptions include factors such as the successful implementation of sales initiatives based on the Group’s plans and expectations, the successful integration of the acquired companies, as well as normal seasonal variations.

Previous guidance

15 November 2016 (revised)

For the full year 2016, Nordic Waterproofing Group expects the general market development to be similar to that in 2015 in most of its markets. The Group expects to meet its financial target exceeding the growth of its current markets through organic growth. For the same period, the Group expects an increased operating profit (EBIT) before items affecting comparability of approximately 15 percent (previously: at least 10 percent) compared with the full year 2015.

Grounds for assumptions

The above statements regarding prospects for 2016 are based on the Group’s accounting principles, which are in accordance with the IFRS accounting and valuation rules. The statements contain estimates and assumptions that are beyond the Group’s control and/or influence. Important underlying assumptions include factors such as the successful implementation of sales initiatives based on the Group’s plans and expectations, a positive contribution from the Finnish business, an increased presence in the Norwegian market, as well as normal winter conditions during the fourth quarter (previously: a positive development in the costs of raw materials).

23 August 2016 (revised)

For the full year 2016, Nordic Waterproofing Group expects the general market development to be similar to 2015 in most of its markets. The Group expects to fulfil its financial target exceeding the growth in its current markets through organic growth. For the same period, the Group expects an increased operating profit (EBIT) before items affecting comparability of at least 10 percent (previously: approximately 10 percent) compared to the full year 2015.

Grounds for assumptions

The above statements regarding prospects for 2016 are based on the Group’s accounting principles, which are in accordance with the IFRS accounting and valuation rules. The statements contain estimates and assumptions that are beyond the Group’s control and/or influence. Important underlying assumptions include factors such as the successful implementation of sales initiatives based on the Group’s plans and expectations, a positive contribution from the Finnish business, greater presence on the Norwegian market, and positive development in the costs of raw materials.

9 May 2016

For the full year 2016, Nordic Waterproofing Group expects the general market development to be similar to 2015 in most of its markets. The Group expects to fulfil its financial target to exceed the growth in its current markets through organic growth. For the same period, the Group expects an increased profit before tax, interest and items affecting comparability of approximately 10 percent compared to the full year 2015.

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