Guidance statements 2017

Latest guidance

9 May 2017 (revised)

For the financial year 2017, Nordic Waterproofing Group (STO: NWG.ST) expects the general demand to be similar to that in 2016 in most of its markets. The Group expects to meet its financial targets of 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 to continue during the full year (previously: anticipated for the year), leading to 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. 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

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.

 

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