Interim report 1–3/2020

Net sales and operating profit on the previous year’s level 8 May 2020 at 1 pm

Tulikivi Corporation                                          
Interim report 1–3/2020: Net sales and operating profit on the previous year’s level
8 May 2020 at 1 pm

- The Tulikivi Group’s first-quarter net sales were EUR 5.7 million (EUR 5.8 million, 1–3/2019).
- The Tulikivi Group’s first-quarter operating profit was EUR -0.5 (-0.7) million and the profit before taxes was EUR -0.7 (-0.9) million.
- Net cash flow from operating activities in the first quarter was EUR 0.1 (0.1) million.
- Order books at the end of the review period stood at EUR 4.4 (4.5) million.
- Nordic Talc Oy was established for exploiting the talc reserves in Suomussalmi.

- Future outlook: Net sales are expected to amount to EUR 27–29 million in 2020, and the comparable operating profit is expected to be positive.

Key financial rations
	1-3/20	1-3/19	Change, %			1-12/19
Sales, MEUR	5.7	5.8	-1.4 %			28.7
Operating profit/loss, MEUR	-0.5	-0.7	32.0 %			-0.8
Operating profit/loss without impairment loss, MEUR	-0,5	-0,7	32.0 %			0.0
Profit before tax, MEUR	-0.7	-0.9	20.8 %			-1.5
Total comprehencive income for the period, MEUR	-0.7	-0.9	18.5 %			-1.6
Earnings per chare, Euro	-0.01	-0.01				-0.03
Net cash flow from operating activities, MEUR	0.1	0.1				1.6
Equity ratio, %	21.6	24.2				23.0
Net indebtness ratio, %	219.7	174.5				200.1
Return on investments, %	-8.0	-10.9				-3.0

Comments by Heikki Vauhkonen, Managing Director: