Tulikivi Oyj - Company Announcement

Tulikivi Corporation planning extensive performance improvement programme

TULIKIVI CORPORATION                                              STOCK
EXCHANGE RELEASE 
         August, 8., 2013 at 10 a.m. 





Tulikivi Corporation planning extensive performance improvement programme

Tulikivi Corporation is planning a performance improvement programme that will
cover all of the company's operations. Known as HEAT 2015, the programme's goal
is to improve profitability and place the company back on a growth track. 

The principal goal of the performance improvement programme is to boost the
annual operating result by EUR 7 million, before non-recurring items, by the
end of 2015. 

Measures being planned include rationalising production, reducing costs and
increasing sales by renewing the product range, and improving and expanding
distribution in Russia and Germany, for example. Production rationalisation and
cost reductions are expected to generate approximately half of the improvement
in profitability. 

The company will negotiate with stakeholders on the measures it is planning,
and will make the measures public when the plans have been finalised. 

The estimated non-recurring costs of the performance improvement programme are
roughly EUR 3 to 4 million. In addition, the company may make new production
investments worth EUR 1 to 2 million. Tulikivi Corporation will also
investigate various opportunities to reinforce its financing structure. 

The performance improvement programme is part of the company's strategy to
focus on its core business and competence in order to ensure profitable future
growth. 



TULIKIVI CORPORATION

Board of Directors


Distribution: NASDAQ OMX Helsinki
Key media
www.tulikivi.com

Additional information: Tulikivi Corporation, FIN-83900 Juuka, Finland, tel.
+358 207 636 000, www.tulikivi.com 
- Jouni Pitko, Managing Director, +358 403 063 222