Published 23.09.2014

As a consequence of the weak market conditions, Tulikivi Corporation’s sales have not performed as well as expected. Net sales for 2014 are expected to total approximately EUR 40 million (EUR 43.7 million in 2013). The company expects to post an operating loss of about one million euros (EUR -4.3 million in 2013).

The demand for Tulikivi products is very much linked to changes in consumer confidence and in the construction sector. The performance improvement programme that started in 2013 includes production and sales efficiency measures and cost-saving measures. The impact of these measures will be felt during the period 2014-2015.

Tulikivi’s previously announced forecast of net sales and operating result for 2014

The level of demand for Tulikivi products is closely linked to changes in consumer confidence and in the construction sector. The performance improvement programme that started in 2013 includes sales and production efficiency measures and cost-saving measures. The results of these measures will begin to show in 2014. Full-year net sales are expected to be at the same level as in 2013, and the operating result is expected to be positive.

TULIKIVI CORPORATION
Board of Directors

Distribution: NASDAQ OMX Helsinki
Key media
Tulikivi.com
Additional information: Heikki Vauhkonen, Managing Director, +358 (0)207 636 555