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People & Business :: Companies

Tikkurila reports tepid demand, but maintains good profitability

11:20 AM MDT | July 25, 2013 | Michael Ravenscroft

Paints and coatings company Tikkurila (Helsinki) says revenue for the second quarter of 2013 was €208.3 million ($275.3 million), a decrease of 0.4% from the year-ago period. Ebit, excluding nonrecurring items, was €33.4 million, down 3.9% on the prior-year period. Earnings per share rose 0.5%, to €0.54, compared with the second quarter of 2012. "Our performance was reasonably good during the second quarter considering the current market conditions. Revenue and profitability remained at the comparison period's good level," says Erkki...

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