Tulikivi - Fireplaces, ovens, saunas and natural stones

Here are Thomas’s pre-match thoughts, as Tulikivi reports its results on Friday :slight_smile:

We expect the company’s revenue to remain at the level of the comparison period, but the seasonal loss to have deepened slightly as a result of the sales mix and cost inflation. In our estimation, Tulikivi’s demand environment remained muted during the seasonally weak review period, which is highlighted by a smaller order backlog at the turn of the year compared to the previous year. On the results day, our attention will be particularly focused on management’s comments regarding the demand outlook and the development of order flow in a challenging market situation.

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