Tikkurila: January-June 2013

16 September 2013

January-June 2013 highlights: Revenue decreased by 3.1% to €346.7M (€357.7M yr-on-yr). Operating profit (EBIT) excluding non-recurring items was €43.5M (€44.8M), ie 12.6% (12.5%) of revenue. Operating profit (EBIT) was €43.6M (€39.0M), ie 12.6% (10.9%). EPS was €0.69 (€0.51).

Erkki Järvinen, President and CEO said: "Our performance was reasonably good during the second quarter considering the current market conditions. Revenue and profitability remained at the comparison period’s good level. Despite favourable weather conditions, our sales volumes continued to decline as construction decreased and the weak economic situation kept consumers cautious.”

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