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Last €17.05 EUR
Change Today 0.00 / 0.00%
Volume 22.3K
As of 11:29 AM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

tikkurila oyj (TIK1V) Snapshot

Open
€16.95
Previous Close
€17.05
Day High
€17.10
Day Low
€16.87
52 Week High
05/22/15 - €19.50
52 Week Low
12/16/14 - €13.73
Market Cap
752.0M
Average Volume 10 Days
22.3K
EPS TTM
€1.22
Shares Outstanding
44.1M
EX-Date
03/26/15
P/E TM
14.0x
Dividend
€0.80
Dividend Yield
4.69%
Current Stock Chart for TIKKURILA OYJ (TIK1V)

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tikkurila oyj (TIK1V) Details

Tikkurila Oyj produces and sells a range of decorative paints for surface protection and decoration to consumers and professionals primarily on the northern and eastern parts of Europe. The company provides interior paints, lacquers, and effect products; and exterior products for wood, masonry, and metal surfaces, as well as services related to painting. It also produces paints and coatings for the metal and wood industries. The company markets its products under the Tikkurila, Beckers, Alcro, Finncolor, Jedynka, Kolorit, Pigrol, Teks, Vivacolor, and Zorka Color brands, as well as under the Polifarb Debica brand. Tikkurila Oyj sells decorative paints primarily to home improvement stores, paint store chains, and independent paint retailers; and industrial coatings directly to customers or through the retailer network. It also operates paint stores in Scandinavia. Tikkurila Oyj was founded in 1862 and is headquartered in Vantaa, Finland.

3,215 Employees
Last Reported Date: 04/29/15
Founded in 1862

tikkurila oyj (TIK1V) Top Compensated Officers

Chairman of Management Board, Chief Executive...
Total Annual Compensation: €476.0K
Compensation as of Fiscal Year 2014.

tikkurila oyj (TIK1V) Key Developments

Tikkurila Oyj Rearranges its Long-Term Debt Financing

Tikkurila Oyj has entered into a new EUR 150 million long-term revolving credit facility and term loan agreement. This new debt facility agreement consists of EUR 100 million five-year revolving credit facility and EUR 50 million term loan, which matures in January 2021. The facility agreement includes one covenant, which is based on the gearing ratio of Tikkurila Group. Pohjola Bank, Danske Bank, and Unicredit Bank Austria act as mandated lead arrangers. Pohjola Bank is the coordinator and agent in the transaction. The money to be borrowed under the new facility will be used to refinance the facilities that the Company agreed and entered into in 2011, as well as for general corporate purposes.

Tikkurila Oyj Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Financial Year 2015

Tikkurila Oyj reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenue was EUR 133.2 million against EUR 141.5 million a year ago. Operating profit was EUR 15.2 million against EUR 13.8 million a year ago. Profit before tax was EUR 17.5 million against EUR 11.8 million a year ago. Net results for the period attributable to the owner of the parent was EUR 13.3 million or EUR 0.30 per diluted share against EUR 7.3 million or EUR 0.17 per diluted share a year ago. Total cash flow from operation was negative at EUR 9.9 million against EUR 3.2 million a year ago. Other capital expenditure was EUR 4.4 million against EUR 3.0 million a year ago. For 2015, the company expects its revenue and EBIT excluding non-recurring items for the financial year 2015 to be below the 2014 level.

Tikkurila Opens New Factory in Almaty, Kazakhstan in April 2015

Tikkurila is expanding its production network with the opening of a new factory in Almaty, Kazakhstan, in April 2015. The factory will produce a limited range of water-borne decorative paints to meet local market needs. The factory will pilot a novel production concept developed by Tikkurila. Designed to enable the quick launch of production in a new market, the concept will typically involve a fairly small and flexible unit focused on the production of a limited range of water-borne products. The risks associated with entering a new market are smaller, thanks to low initial investment costs and low operating costs. The investment totals less than EUR 1 million.

 

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Industry Analysis

TIK1V

Industry Average

Valuation TIK1V Industry Range
Price/Earnings 14.2x
Price/Sales 1.3x
Price/Book 4.4x
Price/Cash Flow 10.7x
TEV/Sales 1.1x
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