Edition:
United States

Tikkurila Oyj (TIK1V.HE)

TIK1V.HE on Helsinki Stock Exchange

19.00EUR
8:09am EDT
Change (% chg)

€-0.27 (-1.40%)
Prev Close
€19.27
Open
€19.17
Day's High
€19.17
Day's Low
€18.95
Volume
12,600
Avg. Vol
45,045
52-wk High
€19.76
52-wk Low
€14.61

Latest Key Developments (Source: Significant Developments)

Tikkurila Q4 adj. EBIT loss narrows to EUR 10.6 million
Thursday, 9 Feb 2017 02:00am EST 

Tikkurila Oyj : Q4 revenue 104.2 million euros ($111.20 million) versus 103.4 million euros year ago . Q4 EBIT ex-items loss 10.6 million euros versus loss 11.1 million euros year ago . Expects its revenue and adjusted operating profit for financial year 2017 to increase from 2016 level .Proposes 2016 dividend of 0.80 euro per share.  Full Article

Tikkurila: Preliminary investigation closed
Thursday, 2 Feb 2017 02:00am EST 

Tikkurila Oyj : Authority in charge of preliminary investigation decided to discontinue preliminary investigation and close case .Investigation was related to a civil dispute that had already been handled in arbitral tribunal.  Full Article

Tikkurila Q2 EBIT down at EUR 27.6 million
Thursday, 4 Aug 2016 02:18am EDT 

Tikkurila Oyj : Q2 revenue 179.3 million euros ($199.74 million) versus 179.5 million euros year ago . Q2 EBIT 27.6 million euros versus 30.9 million euros year ago . Revenue and EBIT estimates for 2016 intact . Sees revenue for financial year 2016, with exchange rates as of publication date of financial statement release, to be at same level as in 2015 .2016 adjusted operating profit is expected to stay at 2015 level.  Full Article

Tikkurila concludes sale of units in Ukraine and Belarus
Wednesday, 22 Jun 2016 02:45am EDT 

Tikkurila Oyj : Says has concluded sale of its subsidiaries in Ukraine and Belarus . Aims to streamline and develop its operations in the countries . Transaction will not have substantial impact on company's Q2 net result .Total consideration for sold shares is about 6.8 million euros ($7.67 million).  Full Article

Tikkurila's financial targets remain unchanged, schedule extended
Tuesday, 14 Jun 2016 01:00am EDT 

Tikkurila Oyj : Tikkurila's financial targets remain unchanged, schedule extended . Says targets are now set for a longer period, which will be specified in closer detail, if necessary, after market outlooks have become clearer . The realization of the targets were initially going to be assessed after a five-year period (2013-2017) in 2018 . Says primary underlying reason for this decision is Russian market situation which took a turn for worse soon after targets were set . Tikkurila's long-term financial targets are the following: . Revenue : Revenue 1 billion euros ($1.13 billion) . Relative profitability : Operative EBIT margin over 12 percent . Return on capital : Operative return on capital employed (ROCE) over 20 percent .Balance Sheet structure : Gearing less than 70 percent.  Full Article

Tikkurila to change its business model in Ukraine and Belarus
Monday, 2 May 2016 02:00am EDT 

Tikkurila Oyj:Tikkurila has decided to change its business model in the Ukrainian and Belarussian markets, and hence Tikkurila Oyj has entered into an agreement to sell the entire share capital of its subsidiaries in Ukraine and Belarus to a company established by Tikkurila's local management.The new company will continue the distribution of Tikkurila's products in both countries.The combined revenue of the two companies to be sold was approximately 12 million euros in 2015, and the number of employees totaled 90.It is estimated that the transaction, subject to fulfilment of agreed preconditions, will be closed during the second quarter of 2016.  Full Article

Tikkurila gives FY 2016 guidance; proposes EUR 0.8 per share as dividend for FY 2015
Tuesday, 9 Feb 2016 02:02am EST 

Tikkurila Oyj:Says ‍expects its revenue for FY 2016 to be at same level as in FY 2015​.FY 2016 EBIT excluding non-recurring items is expected to stay at FY 2015 level.Reported revenue of 584.1 million euros, EBIT ex. items of 58.9 million euros for FY 2015.FY 2016 revenue 575.29 million crowns-Thomson Reuters I/B/E/S.Proposes FY 2015 dividend of ‍0.80​ euro per share.  Full Article

Tikkurila Oyj: Jari Paasikivi proposed as Chairman
Tuesday, 26 Jan 2016 02:00am EST 

Tikkurila Oyj:Nomination board proposes that Jari Paasikivi would be elected as Chairman​ of the Board of Directors.  Full Article

Tikkurila Oyj comments on FY 2015 outlook
Thursday, 5 Nov 2015 02:01am EST 

Tikkurila Oyj:Expects its revenue and EBIT excluding non-recurring items for FY 2015 to be below FY 2014 level.Reported FY 2014 revenue of 618.41 million euros.FY 2015 revenue 580.25 million euros - Thomson Reuters I/B/E/S.  Full Article

Tikkurila completes co-operation negotiations, 41 people to be dismissed
Wednesday, 28 Oct 2015 03:02am EDT 

Tikkurila Oyj:Completes co-operation negotiations.41 persons, working in various functions of company, will be dismissed.16 employees are white-collar workers and 25 are blue-collar workers.Personnel reductions and related support activities are estimated to result in non-recurring expenses of some 1.5 million euros during financial year 2015.  Full Article

More From Around the Web