Finland's Tulikivi swings to Q4 loss on lower productivity, demand

Tulikivi Oyj

06/03/2026 11:08

Overview

Finnish fireplace maker's Q4 net sales fell 5.8% yr/yr due to economic uncertainty

Q4 operating loss of EUR 0.5 mln vs yr-ago profit, impacted by lower productivity and demand

Company progresses Suomussalmi talc project and expands sauna business

Outlook

Tulikivi expects 2026 net sales to increase

Company anticipates improved comparable operating profit in 2026

Result Drivers

ECONOMIC UNCERTAINTY - Net sales fell due to consumers postponing renovation and construction projects, per Managing Director Heikki Vauhkonen

LOW PRODUCTIVITY - Poor profitability attributed to lower-than-expected productivity in quarrying and production, per Managing Director Heikki Vauhkonen

RUSSIAN SUBSIDIARY WIND-DOWN - EUR 0.3 mln write-down provision related to winding down Russian subsidiary affected operating profit

Company press release: ID:nGNE1DBPwl

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
EUR 7.90 mln
Q4 EPS
-EUR 0.01
Q4 Net Income
-EUR 500,000
Q4 Adjusted Free Cash Flow
EUR 1.70 mln
Q4 Operating Profit
-EUR 500,000
Q4 Pretax Profit
-EUR 700,000


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 21.6% below its March 5 closing price of €0.49

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 27 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.)