Finland's Tulikivi Q1 profit declines on low volumes

Tulikivi Oyj

08/05/2026 11:08

Overview

Finland fireplace and sauna heater maker's Q1 net sales rose 4% yr/yr

Q1 operating profit and EPS declined due to low volumes and sales mix

Company advanced Suomussalmi talc project and expects 2026 sales and profit to improve

Outlook

Tulikivi expects 2026 net sales to increase from 2025

Company sees 2026 comparable operating profit improving on 2025

Company aims to expand fireplace export dealer locations to 500 by end-2026

Result Drivers

LOW VOLUMES AND SALES MIX - Co said weak profitability was due to low sales volumes and the composition of sales

LOW CONSUMER CONFIDENCE - Co said low consumer confidence and uncertainty in main markets led consumers to postpone renovation and new construction projects

HIGHER ENERGY PRICES - Co said higher energy prices increased consumer interest in wood heating

Company press release: ID:nGNE20x0kW

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 6.30 mln
Q1 EPS
-EUR 0.02
Q1 Net Income
-EUR 1.10 mln
Q1 Adjusted Free Cash Flow
-EUR 600,000
Q1 Operating Profit
-EUR 800,000
Q1 Pretax Profit
-EUR 1 mln


Analyst Coverage

The one available analyst rating on the shares is "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy."

Wall Street's median 12-month price target for Tulikivi Oyj is €0.38, about 37.3% below its May 7 closing price of €0.61

The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 28 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)