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Tulikivi (TULAV) investor relations material
Tulikivi Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for Q1 2026 increased 3.8% year-over-year to EUR 6.3 million, but profitability remained weak with an operating loss of EUR -0.8 million and a net loss of EUR -1.1 million.
Strategic projects progressed, including expansion in Central Europe, sauna business growth, and advancement of the Suomussalmi talc project.
Business operations in Russia were discontinued as of April 1, 2026.
Financial highlights
Operating profit was EUR -0.8 million (Q1 2025: EUR -0.7 million); profit before tax was EUR -1.0 million (Q1 2025: EUR -0.9 million).
Earnings per share were EUR -0.02 (Q1 2025: EUR -0.01).
Net cash flow from operating activities improved to EUR -0.6 million from EUR -0.8 million year-over-year.
Order intake for Q1 was EUR 6.8 million, down from EUR 7.8 million in Q1 2025; order book at period end was EUR 3.5 million.
Outlook and guidance
Net sales for 2026 are expected to increase and comparable operating profit is expected to improve over 2025.
Long-term targets: net sales to exceed EUR 50 million by 2030, with new product lines contributing 30% and a comparable operating profit margin above 12%.
- Net sales fell 11.4% to EUR 29.5 million, with a small operating loss and improved outlook for 2026.TULAV
Q4 20256 Mar 2026 - Sales and profit fell amid weak demand, but strategic projects and new products progressed.TULAV
Q3 20257 Nov 2025 - Sales and profit fell, but order intake and strategic projects progressed; outlook is positive.TULAV
Q2 202515 Aug 2025 - Net sales and profits fell significantly, prompting a downward revision of 2024 guidance.TULAV
Q3 202413 Jun 2025 - Net sales and profits fell, but cost control and exports supported satisfactory profitability.TULAV
Q2 202413 Jun 2025 - Net sales fell 28.6% in Q1 2025, but order flow and strategic initiatives showed resilience.TULAV
Q1 20255 Jun 2025 - 2024 saw lower sales and profit but a stronger balance sheet and positive 2025 outlook.TULAV
Q4 20245 Jun 2025
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