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Tulikivi

0.57 EUR

+2.16 %

4,201 following
Corporate customer

TULAV

NASDAQ Helsinki

Home Products

Consumer Goods & Services

Overview
Financials & Estimates
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+2.16 %
+15.21 %
+19.58 %
+30.57 %
+25.39 %
+29.68 %
-1.90 %
+111.15 %
+40.72 %

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
34.01M EUR
Turnover
2.88K EUR
P/E (adj.) (25e)
643.59
EV/EBIT (adj.) (25e)
47.53
P/B (25e)
1.87
EV/S (25e)
1.4
Dividend yield-% (25e)
1.53 %
Coverage
Recommendation
Sell
Target price
0.38 EUR
Updated
10.11.2025
Disclaimer
Thomas Westerholm
Thomas Westerholm

Analyst

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
6.3
2026

Annual report '25

22.4
2026

General meeting '26

8.5
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Research
Webcasts
Press releases
ShowingAll content types
Regulatory press release11/27/2025, 11:00 AM

Tulikivi Corporation financial reporting in 2026

Tulikivi
Regulatory press release11/7/2025, 11:00 AM

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

Tulikivi
Regulatory press release9/17/2025, 1:00 PM

Tulikivi Corporation: Decision of the Board on capital repayment

Tulikivi

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Regulatory press release9/17/2025, 1:00 PM

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 release8/15/2025, 10:00 AM

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
Video6/16/2025, 11:30 AM

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 release6/16/2025, 6:30 AM

Tulikivi Corporation - Managers' Transactions: Jaakko Aspara

Tulikivi
Regulatory press release5/23/2025, 3:00 PM

Tulikivi Corporation - Managers' Transactions: Jaakko Aspara

Tulikivi
Regulatory press release5/9/2025, 10:00 AM

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

Tulikivi
Press release5/9/2025, 7:30 AM

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

Tulikivi
Regulatory press release4/24/2025, 11:00 AM

RESOLUTIONS OF THE ANNUAL GENERAL MEETING OF TULIKIVI CORPORATION

Tulikivi
Regulatory press release3/28/2025, 11:00 AM

Tulikivi Corporation’s annual report for 2024 has been published

Tulikivi
Regulatory press release3/27/2025, 11:00 AM

NOTICE TO THE ANNUAL GENERAL MEETING OF TULIKIVI CORPORATION 2025

Tulikivi
Regulatory press release3/7/2025, 11:00 AM

Tulikivi Corporation financial statements release 1–12/2024: Stronger balance sheet position, equity ratio 51.9%

Tulikivi
Regulatory press release2/7/2025, 2:00 PM

Notification in accordance with Chapter 9, section 5, of the Securities Markets Act

Tulikivi
Regulatory press release1/2/2025, 5:00 PM

Notification in accordance with Chapter 9, section 5, of the Securities Markets Act

Tulikivi
Regulatory press release11/14/2024, 11:00 AM

Tulikivi Corporation financial reporting in 2025

Tulikivi
Regulatory press release11/13/2024, 7:00 AM

Tulikivi Corporation - Managers' Transactions: NENAN Invest Oy

Tulikivi
Regulatory press release11/1/2024, 11:00 AM

Tulikivi Corporation interim report 1–9/2024: Strategic projects made good progress

Tulikivi
Regulatory press release10/21/2024, 6:00 AM

Tulikivi Corporation has appointed Mikko Kuoppa as the head of the sauna business and a member of the company's management team

Tulikivi
Forum discussions
Tulikivi has today provided background on the ramp-down of its Russian operations on its website. Tulikivigroup – 14 Jan 26 Venäjän-toimintojen alasajo - Tulikivigroup “Tulikivi Corporation made the decision to wind down its Russian operations immediately after the start of the war...
1/14/2026, 9:28 AM
by Thomas Westerholm
5
Isn’t this reporting a bit premature? The next steps before the permit decision is made are: Statement from the ELY Centre. The application and EIA report are made available for public inspection. At least the application has not been made public yet. I would assume Nordic Talc Oy...
1/17/2026, 7:39 PM
by Jopinaattori
4
750,000 Tulikivi shares just changed hands in a single trade at a price of 0.573 euros. The buyer is likely Mikko Laakkonen. The company has 12 shareholders who own more than 750,000 shares.
1/20/2026, 9:00 AM
by Jopinaattori
3
I believe domestic sales will tank quite heavily.
12/20/2025, 7:58 PM
by jps
3
And once again +9.76% at the end of the day It’s been several days now that the day’s price increase occurs in the very last hours
1/13/2026, 4:57 PM
by PaulKo
2
Is there any info on who is buying the stock, given the sharp rise lately?
1/12/2026, 7:44 PM
by PaulKo
2
If the price of the talc/rare-earth mining permit is under €2.5M, then no stock exchange announcement needs to be made about it, right? Correct me if I’m wrong, as we laypeople don’t know the communication regulations for listed companies by heart regarding what scale of matters ...
1/17/2026, 5:24 PM
by Juurikki
1
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