Tikkurila lowers its guidance for 2017
(Thomson Reuters ONE) -
Tikkurila Oyj
Stock Exchange Release
July 13, 2017 at 3:00 p.m. (CET+1)
Tikkurila lowers its guidance for 2017
Tikkurila lowers the guidance for 2017 revenue and adjusted operating profit.
The changed outlook is resulting from the problems relating to the
implementation of the new Enterprise Resource Planning (ERP) system, poor
weather conditions and increase in raw material costs.
During the second quarter, Tikkurila suffered from severe shortages of certain
raw materials caused partly by the implementation of the new ERP system and
partly by the general raw material availability issues on the market. Thus,
Tikkurila has not been able to fully meet the market demand and sales volumes
were at a lower level than anticipated in the second quarter.
The updated guidance for 2017 is as follows:
Tikkurila expects its revenue to remain at last year's level and adjusted
operating profit for the financial year 2017 to remain below the 2016 level.
Previous guidance announced on February 9, 2017:
Tikkurila expects its revenue and adjusted operating profit for the financial
year 2017 to increase from the 2016 level.
For further information, please contact:
Erkki Järvinen, President and CEO
Mobile +358 400 455 913, erkki.jarvinen(at)tikkurila.com
Minna Avellan, Director, Communications and Investor Relations
Mobile +358 40 533 7932, minna.avellan(at)tikkurila.com
Tikkurila is the leading paints and coatings professional in the Nordic region
and Russia. With our roots in Finland, we now operate in 14 countries. Our high-
quality products and extensive services ensure the best possible user experience
in the market. Sustainable beauty since 1862.
www.tikkurilagroup.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Tikkurila Oyj via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 13.07.2017 - 14:00 Uhr
Sprache: Deutsch
News-ID 552299
Anzahl Zeichen: 2378
contact information:
Town:
Vantaa
Kategorie:
Business News
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