Tikkurila lowers its guidance for 2014

Tikkurila Oyj
Stock Exchange Release
November 14, 2014 at 2:00 p.m. (CET+1)

Tikkurila lowers its guidance for 2014

The depreciation of the Russian ruble has accelerated in the past few weeks, which has a significant negative impact on Tikkurila's euro-denominated revenue for 2014. In addition, the weakened economic situation has clearly reduced the demand for paint during the last few weeks in Russia, in particular. The decrease in revenue and weak foreign exchange rates will have a negative impact also on the operating profit for 2014.

New guidance:

Tikkurila expects its revenue and EBIT excluding non-recurring items for the financial year 2014 to be below the 2013 level.

Previous guidance:

Tikkurila expects its revenue and EBIT excluding non-recurring items for the financial year 2014 to remain at the 2013 level.

Tikkurila Oyj
Erkki Järvinen, President and CEO

For further information, please contact:

Erkki Järvinen, President and CEO, tel. +358 400 455 913, [email protected]

For 150 years already, Tikkurila has provided consumers and professionals with user-friendly and sustainable solutions for surface protection and decoration. Tikkurila wants to be the leading paint company in the Nordic area as well as in Russia and other selected Eastern European countries. - Tikkurila inspires you to color your life.

www.tikkurilagroup.com