contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  createdAt
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
    forum {
      threadUrl
    }
    defaultInstrument {
      symbol
      id
    }
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        threadUrl
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        symbol
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
      researchContent {
        title
        lang
        pdfUrl
        relatedContent {
          __typename
          ...PublishingDetails
          ...Reactions
          id
        }
        content {
          title
          lang
          htmlBody
          publishedAt
          createdAt
          changedAt
          isOutdated
          isPremium
        }
      }
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


tulikivi-corporation-financial-reporting-in-2026

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

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.

From Nordic Talc Oy’s website: Processing of the environmental permit application for the Suomussalmi talc project is progressing  17.6.2026  The environmental permit application process for the Suomussalmi talc project has progressed well. The public notice period for the environmental and water management permit application has ended, and a total of seven statements, four objections, and an expert memorandum were submitted regarding the application. The State Management and Supervision Authority (Lupa- ja valvontavirasto, LVV) has delivered these to the applicant for the preparation of a response. The statements and objections primarily highlighted matters related to noise, dust, and impacts on water bodies. In the applicant’s written explanation, specific requirements and other issues raised in the statements and objections will be addressed, and the application will be supplemented as requested by the authority. The LVV has requested supplements to the application, including a study on the impacts of compensation water discharged into Haaposenpuro brook on the chemical and biological status of the brook and its associated habitat types, as well as the presentation of a monitoring plan for impact assessment. The company is seeking a permit under the Environmental Protection Act for the utilization of talc reserves, a talc ore processing plant, talc grinding, the establishment of new waste rock areas adjacent to the current waste rock area, the stacking of tailings, and the delivery of tailings for further processing. A permit under the Water Act is being sought for groundwater pumping (dewatering of the quarry), the reduction of the Haaponen catchment area, and water intake from Lake Saarijärvi. The project’s goal is to enable a modern facility producing carbon-neutral and traceable talc at the current site of the Suomussalmi soapstone quarry and factory.

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?

I personally do not believe in significant (over 20%) growth in the fireplace business over the next 3 years. In contrast, there is substantial growth potential in the sauna business, though it will require work and time. The products are good, and there is a solvent customer base abroad for heaters that are more expensive than average. Approvals for Japan and the USA are still pending. The talc business is not just “selling off the backwoods,” as the most likely scenario is that Tulikivi will remain a significant owner in Nordic Talc Oy. According to current understanding, magnesite is not just a side stream, but will be a second main product. In this case, the utilization rate of the mined ore, excluding waste rock, would be 75–80%. Today is the last day of the public notice period for the permit application. My understanding is that it is not so much a question of whether the permit will be granted, but rather the stringency of the permit conditions. In the best-case scenario, the permit decision will be made by the end of June, including a permit to start preparatory measures despite any appeals. If things progress according to these steps, the company will announce the financing for the project before the autumn colors shine in Suomussalmi. Personally, I find it difficult to call this “logging the backwoods,” but everyone makes their own assessments, and the above is not an investment recommendation.

Here is Tulikivi’s 2020s post-COVID era well-summarized: “In our view, the stock’s valuation looks challenging due to the pressured earnings performance, leaving significant expectations reliant on the speculative realization of the talc project’s value” In plain English and layman’s terms: The core business and its products simply cannot achieve enough growth and margins to keep food on the table. Peace of mind and faith in financial security rest solely on the plans to sell off the backwoods. What kind of farmer and master is that? I’m just asking.

Here is a company report from Thomas following Tulikivi’s Q1 report  Tulikivi’s revenue exceeded our expectations, driven by export revenue turning back to growth. Despite the recovery in exports, the order intake contracted from the previous year, leaving work to be done to reach guidance. In our view, the valuation of the share appears challenging due to the pressurized earnings performance, leaving significant expectations reliant on the speculative realization of the talc project’s value. We reiterate our sell recommendation, but raise our target price to EUR 0.40 (prev. EUR 0.38) driven by forecast changes. Quote from the report: Balance sheet position has become tight due to weakened earnings performance At the end of Q1’26, Tulikivi’s net debt stood at EUR 12.3 million, and the gearing ratio was 77%. Relative to the last 12 months’ EBITDA, net debt was at a very high level of 6.7x, which limits the company’s investment capacity and underscores the pressure to strengthen earnings performance and the balance sheet position. Despite the weak result at the beginning of the year, net cash flow from operating activities settled at a slightly better level than the comparison period at EUR -0.6 million (Q1’25: EUR -0.8 million), supported by released working capital.                   Inderes              Tulikivi Q1'26: Viennissä piristymisen merkkejä - Inderes    Tulikiven liikevaihto ylitti odotuksemme kasvuun kääntyneen vientiliikevaihdon ajamana. Viennin elpymisestä huolimatta tilausvirta supistui edellisvuodesta.

One would assume that domestic sales took at least a slight hit due to the news coverage regarding the Russian business operations. Based on my understanding, official permits for electric heaters in the USA and Japan are still pending, so there won’t be any help for revenue from there in Q1 yet. Hopefully, the permits are obtained ASAP. It would be good to hear from the company regarding the progress of expanding sauna heater sales channels in Europe, along with more detailed information on revenue and its development. Regarding the talc project, the situation is intriguing, and the licensing authority’s decision will likely be made before autumn. Whether someone will appeal remains to be seen. The probable utilization of magnesite will significantly improve the mine’s profitability, if AI is to be trusted.

Here are Thomas’s pre-match thoughts, as Tulikivi reports its results on Friday  We expect the company’s revenue to remain at the level of the comparison period, but the seasonal loss to have deepened slightly as a result of the sales mix and cost inflation. In our estimation, Tulikivi’s demand environment remained muted during the seasonally weak review period, which is highlighted by a smaller order backlog at the turn of the year compared to the previous year. On the results day, our attention will be particularly focused on management’s comments regarding the demand outlook and the development of order flow in a challenging market situation.                   Inderes – 7 May 26              Tulikivi Q1'26 -ennakko: Kotipesä lämmittää viennin viimassa - Inderes    Odotamme liikevaihdon pysyneen vertailukauden tasolla, mutta kausiluonteisen tappion syventyneen  myynnin rakenteen ja kustannusinflaation ajamana.

Tulikivi

TULIKIVI CORPORATION STOCK EXCHANGE RELEASE 27 NOVEMBER 2025 1:00 PM Tulikivi Corporation financial reporting in 2026 Tulikivi Corporation will publish its 2025 Financial Statements Release ...

TULIKIVI CORPORATION &nbsp;STOCK EXCHANGE RELEASE &nbsp;27 NOVEMBER 2025 1:00 PM Tulikivi Corporation financial reporting in 2026 Tulikivi Corporation will publish its 2025 Financial Statements Release on 6 March 2026. The Annual Report will be published on the company’s website during the week starting on 23 March 2026. The Annual General Meeting will be held on 22 April 2026. The following reports will be published in 2026: - Interim Report for January–March 8 May 2026 - Half Year Financial Report for January–June 14 August 2026 - Interim Report for January–September 6 November 2026 TULIKIVI CORPORATION Board of Directors Further information: Heikki Vauhkonen, Managing Director, tel. +358 40&nbsp;524 5593 Distribution: Nasdaq Helsinki, key media www.tulikivigroup.com <img src="https://www.globenewswire.com/newsroom/ti?nf=MTAwMTE0MTI0OSM0MDIyNzIyNDEjMjA5NTA3Mw==" alt=""> <img src="https://ml-eu.globenewswire.com/media/OGNmZmVhYTYtODkzNi00YjFmLTk4ZWQtOGZmYmZiZTJkNmI1LTExMDY2NDQtMjAyNS0xMS0yNy1lbg==/tiny/Tulikivi-Oyj.png" alt="">