Brief: Tulikivi Q3 Operating Profit Rises To EUR 0.6 Million

Tulikivi Oyj

06/11/2020 11:11

Nov 6 (Reuters) - Tulikivi Oyj  TULAV.HE :
    * REG-TULIKIVI CORPORATION INTERIM REPORT 1–9/2020: NET
SALES ON
THE PREVIOUS YEAR’S LEVEL, OPERATING PROFIT IMPROVES 6 NOVEMBER
2020 AT 1 P.M.
    * FUTURE OUTLOOK: NET SALES ARE EXPECTED TO AMOUNT TO EUR
27-29
MILLION IN 2020, AND COMPARABLE OPERATING PROFIT IS EXPECTED TO
BE POSITIVE.
    * Q3 NET SALES WERE EUR 6.9 MILLION (EUR 6.6 MILLION,
JUL-SEP
2019)
    * OPERATING PROFIT FOR Q3 WAS EUR 0.6 (0.1) MILLION
    * COVID-19 PANDEMIC HAS SO FAR HAD A POSITIVE EFFECT ON
DEMAND FOR
TULIKIVI PRODUCTS
    * STRENGTHENING OF SECOND WAVE OF PANDEMIC HAS LED TO
RESTRICTIONS
IN CENTRAL EUROPE, WHICH MAY HINDER BUSINESS OPERATIONS IN H2

Source text for Eikon:  ID:nGNE9xGwmb 
Further company coverage:  TULAV.HE 

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