Pressmeddelanden, rapporter och bolagsmeddelande för Tulikivi Oyj A

Tulikivi Corporation has announced its financial reporting schedule for 2025. The 2024 Financial Statements Release will be published on March 7, 2025, and the Annual Report will be available on the company's website during the week starting March 24, 2025. The Annual General Meeting is scheduled for April 24, 2025. Additionally, the company will release its Interim Report for January–March on May 9, 2025, the Half Year Financial Report for January–June on August 15, 2025, and the Interim Report for January–September on November 7, 2025. For more information, contact Heikki Vauhkonen, Managing Director, at +358 40 524 5593.

Tulikivi Corporation announced that NENAN Invest Oy, represented by Niko Haavisto, a member of the board, has made an acquisition of shares in Tulikivi Oyj. The transaction took place on November 8, 2024, at Nasdaq Helsinki. The acquisition involved a total of 24,230 shares at a volume-weighted average price of 0.41914 EUR per share. Further details can be obtained by contacting Heikki Vauhkonen, the Managing Director of Tulikivi Corporation.

Tulikivi Corporation's interim report for the third quarter of 2024 shows a decrease in net sales to EUR 7.2 million from EUR 9.1 million in the same period the previous year. For the first nine months of 2024, net sales were EUR 25.0 million, down from EUR 35.4 million in 2023. Operating profit for the third quarter was EUR 0.5 million, and EUR 1.6 million for the review period, both lower than the previous year. Profit before taxes also decreased to EUR 0.3 million in the third quarter and EUR 1.0 million for the review period. The equity ratio improved to 50.9%. The order book declined to EUR 3.1 million. The Suomussalmi talc project showed progress, and future net sales are expected to range from EUR 33 to 37 million with an operating profit of EUR 2 to 3 million in 2024. Managing Director Heikki Vauhkonen noted that the decline in net sales was due to slower market recovery, especially in Germany. Despite this, profitability remained satisfactory due to exports and cost control. Tulikivi advanced its strategic projects, focusing on expanding its market share in Central Europe, growing its sauna business, and progressing the Suomussalmi talc project. The Jero collection received product safety approval in the US and was eligible for consumer subsidies in Italy, aiding network expansion. The sauna business launched a new collection of electric sauna heaters and appointed Mikko Kuoppa as Head of Sauna Business. The Suomussalmi talc project is progressing towards the investment stage, with favorable conditions expected from the European talc market. Environmental assessments and plans for a new transmission line are ongoing to support the project's power needs.

Tulikivi Corporation has appointed Mikko Kuoppa as the head of its sauna business and a member of the management team, effective October 21, 2024. Kuoppa, who has a background in engineering, previously held management roles at BMI Group, focusing on sales and customer engagement. The position of head of the sauna business is new, and Kuoppa will report to CEO Heikki Vauhkonen. The company aims to grow its sauna business by expanding distribution channels and introducing new products. Kuoppa expressed his commitment to advancing Tulikivi's sauna business.

Tulikivi Corporation has revised its financial guidance for 2024, projecting net sales between EUR 33 to 37 million and a comparable operating profit of approximately EUR 2 to 3 million. This represents a downward revision from the previous forecast of EUR 37 to 44 million in net sales and an operating profit of EUR 3 to 5 million. The adjustment is attributed to a weaker-than-expected recovery in demand, particularly in Germany, for fireplaces and cladding stones. In 2023, Tulikivi reported net sales of EUR 45.3 million and a comparable operating profit of EUR 5.5 million.

Tulikivi Corporation reported its half-year financial results on August 16, 2024. The company's net sales for Q2 2024 were EUR 9.3 million, down from EUR 13.3 million in Q2 2023, and EUR 17.8 million for H1 2024, compared to EUR 26.4 million in H1 2023. Operating profit also decreased to EUR 0.8 million in Q2 2024 from EUR 2.3 million in Q2 2023, and to EUR 1.1 million in H1 2024 from EUR 3.6 million in H1 2023. Profit before taxes was EUR 0.6 million in Q2 2024 and EUR 0.7 million in H1 2024, down from EUR 2.2 million and EUR 3.3 million, respectively, in the previous year. The equity ratio improved to 49.4% from 44.6%. The order book stood at EUR 3.5 million at the end of the review period, down from EUR 13.9 million. The company expects net sales for 2024 to be between EUR 37 to 44 million, with a comparable operating profit of EUR 3 to 5 million. Managing Director Heikki Vauhkonen noted that despite a significant decline in net sales, profitability remained satisfactory due to exports, cost control, and profitability measures. Tulikivi advanced its strategic projects, including expanding its market share in Central Europe, increasing sauna business sales, and progressing the Suomussalmi talc project to the investment stage. The Jero collection's distribution network expanded in Central Europe, and the collection received product safety approval for the US market and consumer investment subsidies in Italy. The sauna business launched a new collection of electric sauna heaters, which received positive customer feedback. The Suomussalmi talc project showed economic competitiveness, and an environmental impact assessment was submitted as planned. Order intake was EUR 8.2 million in Q2 2024, down from EUR 11.3 million in Q2 2023, and the order book normalized to EUR 3.5 million by the end of the review period.

Tulikivi Corporation's CEO, Heikki Vauhkonen, has made a series of share disposals on the NASDAQ Helsinki exchange. The transactions occurred on three separate days: May 3rd, May 6th, and May 7th, 2024. On May 3rd, Vauhkonen sold a total of 83,814 shares at a volume-weighted average price of 0.45075 EUR. On May 6th, he sold 116,186 shares at a volume-weighted average price of 0.44045 EUR. Finally, on May 7th, he sold 40,000 shares at a volume-weighted average price of 0.45 EUR.

On April 18, 2024, Tulikivi Corporation announced that it received a flagging notification from Mikko Laakkonen, indicating that his shareholding in the company has surpassed the 5% threshold. Following transactions executed on April 17, 2024, Laakkonen's ownership increased to 7.49% of Tulikivi Corporation's shares, equivalent to 4,485,171 shares, and 3.468% of the company's voting rights.