Tikkurila provides preliminary financial information for 2020 due to the ongoing tender offer process in order to openly give information to all shareholders
Tikkurila Oyj
Inside information
January 28, 2021 at 5.30 p.m. EET
Tikkurila provides preliminary information on financial performance for 2020 due to the ongoing tender offer process in order to openly give information to all shareholders. Tikkurila’s key figures according to preliminary calculations are presented below (unaudited).
For the full year of 2020:
- Revenue increased by 3% to approximately EUR 582.0 million (563.8)
- Adjusted operating result increased by 38% to approximately EUR 64 million (46.4)
”The strategic action plan delivered results in 2020: decisive actions to increase cost-efficiency in all functions led to a profitability improvement. Due to the pandemic the demand fluctuated in the early 2020 but the revenue was strong in the second half of 2020”, says Elisa Markula, CEO of Tikkurila.
The announced financial key figures are in line with Tikkurila’s previously announced guidance for 2020; the full year adjusted operating result is expected to continue to improve (2019: EUR 46.4 million), and, Tikkurila will not give guidance for the revenue for 2020 due to expected fluctuations in demand in all segments.
Tikkurila will publish its financial statement release for 2020 on February 12, 2021 at approximately 9:00 a.m. EET.
Tikkurila Oyj
For more information:
Markus Melkko
CFO
markus.melkko@tikkurila.com
Sustainable Nordicness
Tikkurila is a leading Nordic paint company with expertise that spans decades. We develop premium products and services that provide our customers with quality that will stand the test of time and weather. We operate in seven countries and our 2,700 dedicated professionals share the joy of building a vivid future through surfaces that make a difference. In 2019, our revenue totaled EUR 564 million. The company is listed on Nasdaq Helsinki. Nordic quality from start to finish since 1862.
www.tikkurilagroup.com