Brief: Tulikivi Q1 Loss Before Taxes Narrows To EUR 0.2 Mln

Tulikivi Oyj

07/05/2021 11:03

May 7 (Reuters) - Tulikivi Oyj  TULAV.HE :
    * REG-TULIKIVI CORPORATIONINTERIM REPORT 1–3/2021: HIGHER
NET
SALES, BETTER OPERATING PROFIT AND STRONGER ORDER BOOKS 7 MAY
2021 AT 1 PM
    * TULIKIVI GROUP'S FIRST-QUARTER NET SALES WERE EUR 6.5
MILLION
(EUR 5.7 MILLION, 1-3/2020)
    * FUTURE OUTLOOK: NET SALES ARE EXPECTED TO BE BETWEEN EUR
31 AND
33 MILLION, AND COMPARABLE OPERATING PROFIT IS EXPECTED TO
IMPROVE SUBSTANTIALLY
    * FIRST-QUARTER OPERATING PROFIT WAS EUR 0.0 (-0.5) MILLION
AND
PROFIT BEFORE TAXES WAS EUR -0.2 (-0.7) MILLION.
    * IN Q1, NET SALES GREW AS COVID-19 PANDEMIC INCREASED
CONSUMERS'
INTEREST IN RENOVATION, HOLIDAY HOMES AND LOW-RISE HOUSING IN
BOTH FINLAND AND EXPORT COUNTRIES
    * PROFITABILITY IMPROVED THANKS TO HIGHER NET SALES, PRICE
INCREASES, SUCCESSFUL PRODUCTIVITY MEASURES AND SAVINGS IN FIXED
COSTS
    * COMPANY'S ORDER INTAKE WAS EUR 8.8 (7.3) MILLION IN Q1.

Source text for Eikon:  ID:nGNEbKJFQw 
Further company coverage:  TULAV.HE 

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