Tulikivi Corporation Interim report 1–9/2023

Strong operating profit in an uncertain market

TULIKIVI CORPORATION  INTERIM REPORT  3 NOV 2023 AT 1 PM

- The Tulikivi Group’s net sales were EUR 9.1 million (EUR 9.9 million, 7–9/2022) in the third quarter and EUR 35.4 million (EUR 30.5 million, 1–9/2022) in the review period.
- The Tulikivi Group’s operating profit was EUR 1.3 (1.2) million in the third quarter and EUR 4.9 (3.2) million in the review period.
- The Tulikivi Group’s profit before taxes was EUR 1.1 million (1.1 million) in the third quarter and EUR 4.4 (2.6) million in the review period.
- The equity ratio at the end of the review period was 47.5 per cent (36.0).
- Order books stood at EUR 11.5 (15.8) 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
	1-9/23	1-9/22	Change, %		1-12/22	7-9/23	7-9/22	Change, %
Sales, MEUR	35.4	30.5	16.2 %		44.3	9.1	9.9	-8.6 %
Operating profit/loss, MEUR	4.9	3.2	54.5 %		4.7	1.3	1.2	9.8 %
Operating profit/loss without impairment loss, MEUR	4.9	3.2	54.5 %		4.7	1.3	1.2	9.8 %
Profit before tax, MEUR	4.4	2.6	69.2 %		4.1	1.1	1.1	7.1 %
Total comprehensive income for the period, MEUR	3.4	2.7	22.9 %		4.9	1.0	1.1	-9.7 %
Earnings per share, Euro	0.06	0.05			0.08	0.02	0.02
Net cash flow from operating activities, MEUR	2.7	3.5			6.3	0.9	1.3
Operating profit/loss without impairment loss, %	13.9	10.4			10.6	14.4	12.0
Equity ratio, %	47.5	36.0			39.0
Net indebtness ratio, %	62.1	91.8			72.7
Return on investments, %	24.4	18.7			19.7