Tulikivi Corporation Interim report 1–9/2020

Net sales on the previous year’s level, operating profit improves 6 November 2020 at 1 p.m.

Tulikivi Corporation                                          
Interim report 1–9/2020: Net sales on the previous year’s level, operating profit improves

- The Tulikivi Group’s third-quarter net sales were EUR 6.9 million (EUR 6.6 million, Jul–Sep 2019) and EUR 20.1 million (EUR 19.9 million, Jan–Sep 2019) in the review period.
- The Tulikivi Group's operating profit for the third quarter was EUR 0.6 (0.1) million, and the operating profit for the review period was EUR 0.6 (-0.3) million.
- The Tulikivi Group’s third-quarter profit before taxes was EUR 0.4 million (-0.1 million) and EUR 0.0 (-0.9) million for the review period.
- Net cash flow from operating activities was EUR 0.8 (-0.1) million in the third quarter and EUR 1.5 (0.5) million in January–September.
- Order books at the end of the review period stood at EUR 4.0 (3.8) million.
- Nordic Talc, a Tulikivi subsidiary, is preparing a feasibility study for the talc project 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 ratios
	1-9/20	1-9/19	Change, %		1-12/19	7-9/20	7-9/19	Change, %
Sales, MEUR	20.1	19.9	0.9		28.7	6.9	6.6	5.3
Operating profit/loss, MEUR	0.6	-0.3	285.6		-0.8	0.6	0.1	714.3
Operating profit/loss without impairment loss, MEUR	0.6	-0.3	285.6		0.0	0.6	0.1	714.3
Profit before tax, MEUR	0.0	-0.9	98.8		-1.5	0.4	-0.1	521.4
Total comprehensive income for the period, MEUR	-0.1	-0.9	91.4		-1.6	0.3	-0.1	471.9
Earnings per share, Euro	0.00	-0.01			-0.03	0.01	0.00
Net cash flow from operating activities, MEUR	1.5	0.5			1.6	0.8	-0.1
Equity ratio, %	23.7	24.7			23.0
Net indebtness ratio, %	189.5	170.5			200.1
Return on investments, %	3.9	-1.5			-3.0	2.6	0.4