- Excellent start of the year supported by mild winter conditions and solid construction environment
- Full year 2007 organic revenue growth expected to be in the range of 10-13%
- All regions and both business units contributed to the revenue growth
- Full year 2007 Ebitda margin expected to be slightly above last year (2006: 13.1%)
- Net profit expected to be well ahead of last year

Zwolle, 6 June 2007 – Wavin N.V., leading supplier of plastic pipe systems and solutions in Europe, today provides an update of its current trading performance. This update precedes the half year results announcement, to be published on Thursday 6 September 2007.

Markets
In the first months of 2007, the favourable market conditions that helped drive the company’s excellent 2006 performance continued. The positive economic climate and the relatively mild winter supported a good level of construction activities in European markets.

Wavin showed a strong overall performance to which all regions contributed. In Central and Eastern Europe, Poland and Czechia recorded excellent revenue growth, whilst the developments in emerging markets such as Russia and the Baltics were encouraging.
In the North West region, Germany benefited from improved market conditions. In UK/Ireland, Wavin’s biggest region, the company sees a steady market in Great Britain. The Irish market remained strong, albeit that construction growth is clearly levelling off.
In South West Europe, France had a solid start of the year, whereas in the South East region, revenue developed strongly in Italy and Hungary. Romania increased revenue significantly in the first months of the year on the back of favourable economic developments.

Business Units
Both Wavin’s business units performed well.

In Building & Installation (above ground pipe systems and solutions), the substitution trend from traditional materials towards plastics continued. In addition to the favourable price comparison, the market increasingly recognises the advantages of plastic applications: light weight, easy to install and therefore faster and lower cost of installation. This translated into significant revenue growth in the Hot & Cold segment.

The Civils & Infrastructure business (below ground pipe systems and solutions) particularly benefited from the mild winter conditions throughout Europe. The important Foul Water segment also performed solidly, benefiting from sound construction markets. Environmental concerns continue to drive Wavin’s success in Water Management. The company’s offering of solutions for sustainable water management such as water attenuation, infiltration and re-use systems is increasingly appealing to developers. In a number of markets strong increases in demand were registered for Wavin’s last mile cable ducting solutions. In the mature Water & Gas business revenue growth was flat.

Outlook 2007
The mild weather conditions and the ongoing solid construction markets in Europe contributed significantly to the strong performance in the first months of the year. Wavin expects the favourable market conditions to continue for the remainder of the year. Based on these positive developments, the company raises its outlook for 2007.
Revenue is expected to grow organically 10 to 13% for full year 2007. Barring unforeseen circumstances, Ebitda will increase considerably with Ebitda margins slightly ahead of last year.
The company expects that net profit in 2007 will be well ahead of 2006, despite the significant non-recurring benefits included in last year’s results.

Petzetakis
In September 2006, Wavin announced its intention to acquire the Greek pipe business of Petzetakis S.A.. In January 2007, the boards of Petzetakis agreed to the terms and conditions for the transaction. In the past five months, however, the debt providers of Petzetakis have not reached consensus on the financial restructuring of the Petzetakis Group, which is necessary to proceed with the intended agreement. Parties have therefore decided to end the acquisition process.

Final Dividend 2006
On 16 May 2007, Wavin announced its stock dividend conversion ratio. Based on this ratio of 1 new share per 47 existing shares, Wavin has issued 761,343 new shares. Following this, the total number of outstanding shares has increased to 78,412,107. This is 90,637 less than indicated in the press release Wavin issued on 16 May.

About Wavin
Wavin is the leading supplier of plastic pipe systems and solutions in Europe. The company provides essentials: plastic pipe systems and solutions for tap water, surface heating and cooling, soil and waste, rain- and storm water, distribution of drinking water and gas and telecom applications. Wavin is headquartered in Zwolle (The Netherlands) and has a presence in 27 European countries, and manufacturing sites in 16. The company employs approximately 6,700 people and reported revenues of EUR 1.5 billion for 2006. Outside Europe, it has a global network of more than 120 agents, licensees and distributors. More details about Wavin can be found at www.wavin.com