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Tulikivi

0.52 EUR+1.98 %21.8. klo 18.29
4,215 following

TULAV

NASDAQ Helsinki

Home Products

Consumer Goods & Services

Overview
Financials & Estimates
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Dividend
Investor consensus
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+1.98 %
-3.37 %
-11.64 %
0.00 %
+4.67 %
+12.66 %
-3.01 %
-18.35 %
+27.83 %

Tulikivi is a manufacturer of wood-burning stoves. The product range is wide and includes stoves made of soapstone. In addition to the main business, the company also offers sauna heaters adapted for both electric and wood-fired saunas, as well as interior stones for kitchens, bathrooms and saunas. The largest operations are in the Nordic region, where the products are sold through external retailers. The head office is located in Juuka.

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Market cap
30.89M EUR
Turnover
13.16K EUR
P/E (adj.) (26e)
EV/EBIT (adj.) (26e)
P/B (26e)
EV/S (26e)
Dividend yield-% (26e)
Coverage
Recommendation
Sell
Target price
Updated
17.08.2026
Disclaimer
Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
High
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Forum discussions
The stock really is in a psychological stalemate like the Suomussalmi talc project. The company provides just enough information once a quarter to keep the story alive. First, it was years of feasibility studies, and now it has been years of foot-dragging over environmental permits...
8/15/2026, 3:23 AM
by TitoK
6
I am also puzzled by the very negative attitude many have towards the project. It is suggested that the company is intentionally maintaining unfounded hype among investors regarding the project. I became a shareholder in 2020. Throughout this time, the company’s communication policy...
8/17/2026, 10:41 AM
by Jopinaattori
4
I personally became a Tulikivi investor about a couple of years ago solely because of the talc project. I have been surprised by the comments regarding the environmental permit and how it has supposedly taken years. The permit application was only submitted last year and supplemented...
8/17/2026, 8:50 AM
by iemeli
4
The earnings were dismal, but the stock just won’t go down! I suspect many owners are just holding and looking past the launch of that sauna category in the US and the potential of the talc mine.
8/14/2026, 7:26 PM
by PaulKo
4
It is bulk sales of slowly renewable or non-renewable raw materials. It is not innovative value creation, which the company has not been able to achieve effectively. By the way, where is the internet’s Tulikivi spammer?
5/11/2026, 7:57 AM
by Totuuden ääni
3
Here is a new company report from Thomas on Tulikivi based on the Q2 results Tulikivi’s Q2 profitability fell short of our expectations due to weaker-than-anticipated revenue. Based on the diminished order flow, the recovery in demand required by the guidance is yet to materialize...
8/17/2026, 5:36 AM
by Sijoittaja-alokas
2
Here are Thomas’s preview comments ahead of Tulikivi’s Q2 results on Friday We expect the company’s revenue and profit to have increased from the level of the weak comparison period, even though the order backlog was at a low level at the beginning of the quarter. Given Tulikivi’...
8/11/2026, 7:50 AM
by Sijoittaja-alokas
2
Read more on our forum
Thomas Westerholm
Thomas Westerholm

Analyst

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
6.11.
2026

Interim report Q3'26

Regulatory press release14.08.2026 klo 13.00

Tulikivi Corporation Half Year Financial Report 1–6/2026: Strategic projects progressed despite uncertainty in the fireplace market

Tulikivi
Regulatory press release08.05.2026 klo 13.00

Tulikivi Corporation Interim Report 1-3/2026: Strategic projects making good progress and laying the foundations for future growth

Tulikivi
Regulatory press release22.04.2026 klo 17.00

RESOLUTIONS OF THE ANNUAL GENERAL MEETING OF TULIKIVI CORPORATION

Tulikivi

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Regulatory press release27.03.2026 klo 13.00

Tulikivi Corporation’s annual report for 2025 has been published

Tulikivi
Regulatory press release25.03.2026 klo 13.00

NOTICE TO THE ANNUAL GENERAL MEETING OF TULIKIVI CORPORATION 2026

Tulikivi
Regulatory press release06.03.2026 klo 13.00

Tulikivi Corporation Financial statements release 1–12/2025: Investments in strategic projects continued despite challenging market conditions.

Tulikivi
Regulatory press release23.02.2026 klo 22.30

Tulikivi lowers its earnings guidance for 2025: Net sales are estimated to be approximately EUR 29.5 million and the comparable operating profit is estimated to be around EUR -0.1 million.

Tulikivi
Regulatory press release27.11.2025 klo 13.00

Tulikivi Corporation financial reporting in 2026

Tulikivi
Regulatory press release07.11.2025 klo 13.00

Tulikivi Corporation Interim report 1–9/2025: Despite the challenging market, investments continued in strategic projects.

Tulikivi
Regulatory press release17.09.2025 klo 16.00

Tulikivi Corporation: Decision of the Board on capital repayment

Tulikivi
Regulatory press release17.09.2025 klo 16.00

Tulikivi is revising downward and focusing its guidance for 2025: Net sales are expected to be EUR 29 to 33 million and comparable operating profit is expected to be EUR 1 to 2 million

Tulikivi
Regulatory press release15.08.2025 klo 13.00

Tulikivi Corporation half year financial report 1–6/2025: Order intake continued to grow

Tulikivi
What to look for in a Consumer Goods Company? | Consumer Goods Night June 9, 202513:20
Video16.06.2025 klo 14.30

What to look for in a Consumer Goods Company? | Consumer Goods Night June 9, 2025

The operating environment has been challenging for Consumer Goods Companies.

MarimekkoOrthexTulikiviRapala VMCFiskarsNokian TyresOlviFifaxNokian PanimoAtriaHKFoodsApetitRaisioSolar FoodsFodeliaAnora Group
Regulatory press release16.06.2025 klo 09.30

Tulikivi Corporation - Managers' Transactions: Jaakko Aspara

Tulikivi
Regulatory press release23.05.2025 klo 18.00

Tulikivi Corporation - Managers' Transactions: Jaakko Aspara

Tulikivi
Regulatory press release09.05.2025 klo 13.00

Tulikivi Corporation Interim report 1–3/2025: Difficult operating environment, increasing order flow

Tulikivi
Press release09.05.2025 klo 10.30

Environmental permit application for the Suomussalmi talc project submitted to the Regional State Administrative Agency of Northern Finland

Tulikivi
Regulatory press release24.04.2025 klo 14.00

RESOLUTIONS OF THE ANNUAL GENERAL MEETING OF TULIKIVI CORPORATION

Tulikivi
Regulatory press release28.03.2025 klo 13.00

Tulikivi Corporation’s annual report for 2024 has been published

Tulikivi
Regulatory press release27.03.2025 klo 13.00

NOTICE TO THE ANNUAL GENERAL MEETING OF TULIKIVI CORPORATION 2025

Tulikivi