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Tikkurila Upgrades Full-Year Outlook for 2012

7:17 AM MDT | September 21, 2012

Tikkurila (Vantaa, Finland), a paints and coatings company, says it has modified its earnings and sales outlook for 2012 because of a favorable business development during the first eight months of the year. Tikkurila expects sales to exceed €660 million ($868 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 million and €62.7 million in full-year...

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