TULIKIVI CORPORATION STOCK EXCHANGE RELEASE
May 21, 2013 at 9:45 a.m.
PROFIT WARNING – Tulikivi Corporation lowers its outlook for turnover and operating result for the year 2013
Tulikivi Corporation lowers its outlook for turnover and operating result for the year 2013, so that the turnover will be lower than in the year 2012. The operating result is expected to be in line with the year 2012.
In an uncertain market situation Tulikivi’s sales have not developed as estimated. Therefore, the company revises its outlook for the whole year’s turnover development. Despite the cost savings, a lower estimate on turnover leads to an outlook with lower operating result as well.
The new turnover and operating result outlook for 2013
The demand for Tulikivi products is dependent on consumer confidence. New products will allow us to increase our market share; however, the turnover is expected to be lower than in 2012. The company estimates that the operating result will be in the same level as in 2012.
The previous turnover and operating result outlook for 2013
The demand for Tulikivi products is dependent on consumer confidence. New products will allow us to increase our market share; however, no significant growth is anticipated for turnover in 2013. Operating profit is expected to improve with improved operating efficiency.
TULIKIVI CORPORATION
Board of Directors
Heikki Vauhkonen
Chairman of the Board
Distribution: NASDAQ OMX Helsinki Ltd
Central Media
www.tulikivi.com
Additional information: Tulikivi Corporation, 83900 Juuka, tel. +358 403 063 100, www.tulikivi.com
- Chairman of the Board of Directors Heikki Vauhkonen, +358 207 636 555
- Managing Director Jouni Pitko, +358 403 063 222