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Provider: Reuters Investment Profile
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Tikkurila Oyj Issues FY 2018 Revenue Guidance


Wednesday, 7 Nov 2012 02:05am EST 

Tikkurila Oyj announced that its Board of Directors has adopted new financial targets for the Group, aiming at higher growth, profitability and solvency level. In addition, the target level for return on capital employed (ROCE) was defined. The targets will be measured after a five-year period (2013-2017) in 2018. The Company's new financial target for fiscal year 2018 is revenue of EUR 1 billion. It also expects to report fiscal year 2018 Operative EBIT margin over 12%, operative return on capital employed (ROCE) over 20% and gearing less than 70%. 

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