Interim Report on April 26, 2012: Outlook for 2012
Tikkurila reiterates its outlook for 2012.
In 2012, the GDP is expected to remain close to the 2011 levels
or the GDP growth is expected to be low in the key market areas of Tikkurila.
Further raw material cost increases are predicted, even though it is assumed
that the raw material and packaging material cost inflation will be clearly
lower than in 2011.
In 2012, Tikkurila expects the revenue growth to exceed the
average GDP growth in Tikkurila's main market areas. As far as the profitability
is concerned, Tikkurila expects EBIT in euro to stay at the same level as in
2011.
The estimates presented above are based on internal assessment
reflecting management's most recent forecasts for full-year 2012 financial
performance. These estimates are based on the assumption that foreign exchange
rates would stay at the same level as the actual exchange rates on December 31,
2011. The estimates are also based on Tikkurila's current distribution network
and business structure. The main market areas referred above include Russia,
Sweden, Finland and Poland. Moreover, as announced during the fourth quarter of
2011, a group-wide efficiency program aiming at increasing competitiveness was
launched in 2011 and it will be continued in 2012, and therefore the impact of
the non-recurring expenses linked to the implementation of the efficiency
program or of any potential major restructuring actions, regardless of their
timing, are not taken into account in the guidance.
Financial Statement Release on February 16, 2012: Outlook for 2012
In 2012, the GDP is expected to remain close to the 2011 levels
or the GDP growth is expected to be low in the key market areas of Tikkurila.
Further raw material cost increases are predicted, even though it is assumed
that the raw material and packaging material cost inflation will be clearly
lower than in 2011.
In 2012, Tikkurila expects the revenue growth to exceed the
average GDP growth in Tikkurila's main market areas. As far as the profitability
is concerned, Tikkurila expects EBIT in euro to stay at the same level as in
2011.
The estimates presented above are based on internal assessment
reflecting management's most recent forecasts for full-year 2012 financial
performance. These estimates are based on the assumption that foreign exchange
rates would stay at the same level as the actual exchange rates on December 31,
2011. The estimates are also based on Tikkurila's current distribution network
and business structure. The main market areas referred above include Russia,
Sweden, Finland and Poland. Moreover, as announced during the fourth quarter of
2011, a group-wide efficiency program aiming at increasing competitiveness was
launched in 2011 and it will be continued in 2012, and therefore the impact of
the non-recurring expenses linked to the implementation of the efficiency
program or of any potential major restructuring actions, regardless of their
timing, are not taken into account in the guidance.
