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Tulikivi Oyj Updates on FY 2013 Financial Guidance


Thursday, 24 Oct 2013 03:30am EDT 

Tulikivi Oyj announced that although new products will allow the Company to increase its market share, fiscal year 2013 net sales are expected to decline from the 2012 figure. The operating result for the fiscal year 2013 is expected to show a loss. In addition, measures taken under the performance improvement program are anticipated to cause non-recurring expenses of EUR 2.5 million in the fourth quarter. For the fiscal year 2013 the Company's sales result was EUR 51.2 million and operating profit result was EUR 0.1 million. 

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