Purmo Group Oyj — Earnings Release 2022

May 12, 2022

Purmo Group initiates financial guidance for 2022

Purmo Group initiates financial guidance for 2022

Purmo Group Plc, stock exchange release, 12 May 2022 at 8:00 EEST

Purmo Group has decided to initiate its financial guidance for 2022, due to improved visibility:

For 2022, Purmo Group expects net sales to increase from 2021 (EUR 843.6 million). Adjusted EBITDA is expected to be comparable to 2021 (EUR 103.9 million) i.e. to change not more than 5 per cent from the previous year.

The outlook remains uncertain due to the ongoing geopolitical situation caused by the war in Ukraine, which is impacting market demand and supply chains, as well as causing raw material price inflation. Purmo Group is actively managing the situation including price increases to offset cost inflation and mitigating supply chain constraints.

Purmo Group will publish its interim report for January-March 2022 on 12 May 2022.

Purmo Group Plc

Further information:

Erik Hedin, CFO of Purmo Group Plc, tel. +44 7979 363 473

Josefina Tallqvist, Investor Relations (interim), tel. +358 40 745 5276

Distribution:

Nasdaq Helsinki Ltd

Principal media

investors.purmogroup.com

Purmo Group Plc is a leader in sustainable indoor climate comfort solutions in Europe. We provide

complete heating and cooling solutions to residential and non-residential buildings, including

radiators, towel warmers, underfloor heating, convectors, valves and controls. Our mission is to be

the global leader in sustainable indoor climate comfort solutions. Our approximately 3,500

employees operate through 46 locations in 21 countries, manufacturing and distributing top quality

products and solutions to customers in more than 100 countries globally. Purmo Group Plc’s shares

are listed on Nasdaq Helsinki (symbol: PURMO). www.purmogroup.com