Tikkurila Revises Outlook for 2012

Tikkurila (Vantaa, Finland), a paints and coatings company, says that it has decided to modify its earnings and sales outlook for 2012 due to a favorable business development during the first eight months of the year. Tikkurila expects sales to exceed €660 million ($846.5 million) in full-year 2012, compared with €644 million in full-year 2011, according to the revised 2012 outlook. Ebit and Ebit excluding nonrecurring items are expected to exceed €65 million and €70 million in full-year 2012—compared with €61.2...

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