Tikkurila's new long-term financial targets

Tikkurila Oyj
Stock Exchange Release
November 7, 2012 at 9:05 a.m. (CET+1)
The Board of Directors of Tikkurila adopted new financial targets for the Group,
aiming at higher growth, profitability and solvency level. In addition, the
target level for return on capital employed (ROCE) was defined. The targets will
be measured after a five-year period (2013-2017) in 2018.

Tikkurila's new financial targets for 2018 are the following:

Revenue: Revenue EUR 1 billion
Relative profitability: Operative EBIT margin over 12 percent
Return on capital: Operative return on capital employed (ROCE) over 20 percent
Balance Sheet structure: Gearing less than 70 percent

Tikkurila's previous medium-term financial targets, announced in 2010, were the

Annual organic revenue growth of over five percent
Operating profit (EBIT) level of over 10 percent of Tikkurila's revenue
Continuous improvement of return on capital employed ROCE
Gearing under 100 percent

Tikkurila Oyj
Erkki Järvinen

For further information, please contact:

Tikkurila Oyj
Erkki Järvinen, President and CEO
Mobile +358 400 455 913, erkki.jarvinen@tikkurila.com

For 150 years already, Tikkurila has provided consumers and professionals with
user-friendly and sustainable solutions for surface protection and decoration.
Tikkurila wants to be the leading paint company in the Nordic area as well as in
Russia and other selected Eastern European countries. - Tikkurila inspires you
to color your life.


About Us

Sustainable NordicnessTikkurila 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 around ten countries and our 2,700 dedicated professionals share the joy of building a vivid future through surfaces that make a difference. In 2018, our revenue totaled EUR 562 million. The company is listed on Nasdaq Helsinki. Nordic quality from start to finish since 1862. www.tikkurilagroup.com