Profit warning: Tulikivi estimates that the Covid-19 pandemic will weaken the company's net sales outlook
The impact of the Covid-19 pandemic on Tulikivi's business has so far been limited. The Covid-19 pandemic will, however, reduce net sales in the coming months, especially from Central European export countries. Tulikivi’s net sales amounted to EUR 28.7 million in 2019.
Due to the uncertainty in net sales, operations have been adjusted by laying off production and office staff and postponing development projects.
Updated future outlook: