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Tikkurila sales fall 7.4% in second quarter, EPS increases slightly

1:15 PM MDT | July 28, 2014 | Michael Ravenscroft

Paints and coatings company Tikkurila (Helsinki) says its profitability for the first half of 2014 was “good despite weak demand in Russia.” First-half revenue was €334.4 million ($449 million) compared with €346.7 million in first-half 2013, a fall of 3.6%. Operating profit (Ebit) excluding nonrecurring items was €45.3 million compared with €43.5 million a year ago. Ebit was €46.3 million in first-half 2014, or 13.8% of revenues, versus €43.6 million a year ago. Earnings per share (EPS) rose to €0.76 in first-half...

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