Tulikivi Corporation Financial statements release 1–12/2023

Strong profitability in 2023

TULIKIVI CORPORATION  FINANCIAL STATEMENTS RELEASE  1 MARCH 2024 AT 13.00 EET

- The Tulikivi Group’s net sales were EUR 9.9 million (EUR 13.8 million, 10–12/2022) in the fourth quarter and EUR 45.3 million (EUR 44.3 million, 1–12/2022) in the review period.
- The Tulikivi Group’s operating profit was EUR 0.6 (1.5) million in the fourth quarter and EUR 5.5 (4.7) million in the review period.
- The Tulikivi Group’s profit before taxes was EUR 0.5 million (1.5 million) in the fourth quarter and EUR 4.9 (4.1) million in the review period.
- The equity ratio at the end of the review period was 47.8 per cent (39.0).
- Order books stood at EUR 6.8 (17.2) million at the end of the review period.
- Good results from product tests of the Suomussalmi talc project
- Future outlook: Net sales in 2024 are expected to be EUR 37 to 44 million and the comparable operating profit is expected to be EUR 3 to 5 million.

Key financial ratios
	1-12/23	1-12/22	Change, %		10-12/23	10-12/22	Change, %
Sales, MEUR	45.3	44.3	2.3 %		9.9	13.8	-28.3 %
Operating profit/loss, MEUR	5.5	4.7	17.9 %		0.6	1.5	-58.8 %
Operating profit/loss without impairment loss, MEUR	5.5	4.7	17.9 %		0.6	1.5	-58.8 %
Profit before tax, MEUR	4.9	4.1	19.1 %		0.5	1.5	-69.2 %
Total comprehensive income for the period, MEUR	3.7	4.9	-24.4 %		0.3	2.1	-85.1 %
Earnings per share, Euro	0.06	0.01			0.01	0.04
Net cash flow from operating activities, MEUR	4.9	6.3			2.2	2.8
Operating profit/loss without impairment loss, %	12.2	10.6			6.3	11.0
Equity ratio, %	47.8	39.0
Net indebtness ratio, %	58.4	72.7
Return on investments, %	20.8	19.7