IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

Tikkurila reports 4.2% operating loss, sales drop 4% in fourth-quarter 2013

11:49 AM MST | February 10, 2014 | Michael Ravenscroft

Paints and coatings company Tikkurila (Helsinki) reports an operating loss of €4.2 million ($5.73 million) in the fourth quarter 2014 compared with an operating loss of €3.2 million in the corresponding period in 2012. Fourth-quarter 2014 sales were €116.7 million compared with €121.5 million a year ago, a decrease of 4%. Earnings per share amounted to a loss of €0.11 in the fourth quarter compared with a loss of €0.10 in the year-ago period. The operating loss in fourth-quarter 2013 was 4.4% compared with 3.3% in fourth-quarter...

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