Tulikivi Oyj - Company Announcement

Tulikivi Corporation´s future outlook/supplement to interim report release of October 20, 2011

TULIKIVI CORPORATION             STOCK EXCHANGE RELEASE
                                 October 21, 2011 at 11.20



Tulikivi Corporation´s future outlook/supplement to interim report release of
October 20, 2011 

Tulikivi Corporation supplements its interim report release published on
October 20, 2011 by adding the future outlook published previously in the
interim report of August 4, 2011 to the future outlook presented on October 20,
2011. 

The future outlook presented in the interim report are as follows:
Changes in consumer confidence will have an effect on demand for Tulikivi
products in the near future. In Finland and the rest of Northern Europe, demand
is expected to remain comparatively good. Moreover, sales in Finland will be
supported by the new sauna and fireplace products and an expanding distribution
network. 

In Central Europe, the economic crisis will have a greater effect on consumers'
decision-making, and thus on fireplace demand. 

Despite the uncertainty caused by the economic crisis, the company's full year
like-for-like net sales will be up by slightly under 10 per cent, and the
operating profit before non-recurring items is expected to improve on the
previous year. The full-year operating result taking into account the
non-recurring expenses is expected to be negative, however, and at the same
level as the previous year. 

The paragraph of the future outlook previously presented in the interim report
on August 4, 2011 was as follows: 
In Finland, the outlook for fireplace products is good as a result of active
new construction and rising consumer energy prices. Likewise, in exports, the
revival of new construction and the rising costs of energy will improve the
demand for fireplaces during 2011. The demand for lining stone products will
remain good. 

The new sauna and fireplace products and expanding distribution network will
also increase net sales. 

The comparable net sales for 2011 are expected to increase by about 10 per
cent. Due to the seasonal nature of the industry, profit is mostly accumulated
in the second half of the year. As a result of improved cost efficiency and
despite the expenses caused by concentration, the operating profit for the year
is expected to improve and to be positive. 

TULIKIVI CORPORATION



Heikki Vauhkonen
Managing Director





Distribution: NASDAQ OMX Helsinki Ltd
Central Media

www.tulikivi.com



Additional information: Tulikivi Corporation, 83900 Juuka,

www.tulikivi.com

- Chairman of the Board of Directors Matti Virtaala, +358 207 636 666

- Managing Director Heikki Vauhkonen, +358 207 636 555