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Tikkurila Oyj (TIK1V.HE)

TIK1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tikkurila ‍Preliminary 2017 ‍Operating Profit Down At EUR 20 Million​
7:00am GMT 

Jan 16 (Reuters) - TIKKURILA OYJ ::‍PRELIM 2017 ADJUSTED OPERATING PROFIT WAS ABOUT EUR 29 (54.0) MILLION.​.PRELIM 2017 ‍OPERATING PROFIT WAS ABOUT EUR 20 (53.1) MILLION.​.‍FINANCIAL PERFORMANCE WAS PARTICULARLY POOR IN SWEDEN.​.PRELIM 2017 ‍REVENUE WAS ABOUT EUR 582 MILLION (2016: EUR 572.0 MILLION).​.  Full Article

Tikkurila To Sell Its Business Operations In Balkan Area To Local Management
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Tikkurila Oyj ::TIKKURILA TO SELL ITS BUSINESS OPERATIONS IN THE BALKAN AREA TO LOCAL MANAGEMENT.TIKKURILA - EUR 7 MILLION ONE-OFF NON-CASH IMPAIRMENT AND SALES LOSSES WILL BE RECOGNIZED IN TIKKURILA GROUP 2017 FINANCIAL STATEMENTS.  Full Article

Tikkurila Q3 EBIT ex-items above expectations at EUR 21.9 mln
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - TIKKURILA OYJ ::Q3 REVENUE EUR ‍159.9​ MILLION (REUTERS POLL: EUR 161 MILLION).‍GUIDANCE FOR 2017 INTACT​.‍REVENUE FOR Q3 TOTALED EUR 159.9 MILLION (7-9/2016: EUR 158.0 MILLION)​.Q3 EBIT EX-ITEMS EUR ‍21.9​ MILLION (REUTERS POLL: EUR 20.2 MILLION).  Full Article

Tikkurila Q2 EBIT down at EUR 27.6 million
Thursday, 4 Aug 2016 

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 

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 

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 

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 

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