Tikkurila Oyj - Company Announcement

Tikkurila upgrades its profit estimate

Tikkurila Oyj
Stock Exchange Release
September 11, 2012 at 9:00 a.m. (CET+1)

Due to favorable development during the first eight months of the year Tikkurila
upgrades its profit estimate for 2012, as well as adjusts its estimate on the
revenue development.

Tikkurila expects reported EBIT to exceed EUR 65 million (2011: EUR 61.2
million) and EBIT excluding non-recurring items to exceed EUR 70 million (EUR
62.7 million). Reported revenue is expected to exceed EUR 660 million (EUR 644
million). The estimates include the effect of foreign exchange rate
fluctuations.

Tikkurila's previous guidance disclosed on August 2, 2012 was:"In 2012, Tikkurila expects the revenue growth to exceed the average GDP growth
in Tikkurila's main market areas. Tikkurila expects EBIT in euro to stay at the
same level as in 2011. The estimates presented above are based on internal
assessment reflecting management's most recent forecasts for full-year 2012
financial performance. These estimates are based on the assumption that foreign
exchange rates would stay at the same level as the actual exchange rates on
December 31, 2011. The estimates are also based on Tikkurila's current
distribution network and business structure. The main market areas referred
above include Russia, Sweden, Finland and Poland. Moreover, as announced during
the fourth quarter of 2011, a group-wide efficiency program aiming at increasing
competitiveness was launched in 2011 and it will be continued in 2012, and
therefore the impact of the non-recurring expenses linked to the implementation
of the efficiency program or of any potential major restructuring actions,
regardless of their timing, are not taken into account in the guidance."


Tikkurila Oyj
Erkki Järvinen


For further information, please contact:

Tikkurila Oyj
Jukka Havia, CFO, mobile +358 50 355 3757, jukka.havia@tikkurila.com


For 150 years already, Tikkurila has provided consumers and professionals with
user-friendly and sustainable solutions for surface protection and decoration.
Tikkurila wants to be the leading paint company in the Nordic area as well as in
Russia and other selected Eastern European countries. - Tikkurila inspires you
to color your life.

www.tikkurilagroup.com


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