Tulikivi Corporation Half year financial report 1–6/2023

Profitable export growth continued

TULIKIVI CORPORATION  HALF YEAR FINANCIAL REPORT  18 AUGUST 2023 AT 1 PM

- The Tulikivi Group’s net sales were EUR 13.3 million (Q2/2022: EUR 12.2 million) in the second quarter and EUR 26.4 million (H1/2022: EUR 20.6 million) in the review period.
- The Tulikivi Group’s operating profit was EUR 2.3 (1.7) million in the second quarter and EUR 3.6 (2.0) million in the review period.
- The Tulikivi Group’s profit before taxes was EUR 2.2 (1.4) million in the second quarter and EUR 3.3 (1.5) million in the review period.
- The equity ratio at the end of the review period was 44.6 per cent (33.6).
- Order books stood at EUR 13.9 (11.3) million at the end of the period.
- The Suomussalmi talc project has progressed well.
- Future outlook: Net sales are expected to increase in 2023, and the comparable operating profit is expected to improve on 2022.

Key financial ratios
		1-6/23	1-6/22	Change, %		1-12/22	4-6/23	4-6/22	Change, %
Sales, MEUR		26.4	20.6	28.1 %		44.3	13.3	12.2	9.5 %
Operating profit/loss, MEUR		3.6	2.0	81.3 %		4.7	2.3	1.7	34.8 %
Operating profit/loss without impairment loss, MEUR		3.6	2.0	81.3 %		4.7	2.3	1.7	34.8 %
Profit before tax, MEUR		3.3	1.5	111.9 %		4.1	2.2	1.4	62.9 %
Total comprehensive income for the period, MEUR		2.4	1.7	43.4 %		4.9	1.6	1.6	5.6 %
Earnings per share, Euro		0.04	0.03			0.08	0.03	0.03
Net cash flow from operating activities, MEUR		1.8	2.2			6.3	2.5	1.6
Operating profit/loss without impairment loss, %		13.7	9.7			10.6	17.5	14.2
Equity ratio, %		44.6	33.6			39.0
Net indebtness ratio, %		63.7	104.9			72.7
Return on investments, %		27.2	17.7			19.7