Guidances

Tekla has published guidances in interim reports or in separate stock exchange releases. The statements are shown here starting from 2003.

Guidance for the year 2011

Published in the Q1/2011 interim report on May 9, 2011, remained unchanged in the Q1-2/2011 interim report on August 5, 2011 and in the Q1-3/2011 interim report on November 25, 2011

The Board of Directors continues to expect net sales to increase by 15% or more, while the operating result is expected to exceed 20% of net sales.

Published in the Financial Statements 2010 on February 11, 2011

The Board of Directors estimates net sales to increase by 10% to 15% in 2011. The operating result is estimated to be better than the previous year, 15% to 20% of net sales. The estimates are based on organic growth in net sales and the expected continuation of the favorable trend in construction activity in Tekla's central market areas.

Guidance for the year 2010

Published in the Q1-2/2010 interim report on August 6, 2010, remained unchanged in the Q1-3/2010 interim report on November 3, 2010

Tekla's future outlook is positive. This notion is also supported by the favorable development of net sales and operating result during the first half of 2010 after several rather challenging quarters. Net sales are expected to increase by approximately 15 percent on the year before and the operating result percentage to be 15 to 20 percent.

Published in the Financial Statements 2009 on February 12, 2010, remained unchanged in the Q1/2010 interim report on May 5, 2010

The rate of the recovery of the global economy has a major impact on the development of Tekla's net sales, but foreseeing it is naturally difficult. The Board of Directors estimates both net sales and operating profit to increase moderately.

Guidance for the year 2009

Published in the Q1-3/2009 interim report on October 30, 2009:

As regards the year as a whole, the Board holds to its previously announced outlook in terms of net sales. Net sales are estimated to be approximately 50 million euros. The operating result percentage is estimated to be approximately half compared to previous year.

Published in the Q1/2009 interim report on May 6, 2009 and in the Q1-2/2009 interim report on August 7, 2009:

As regards the year as a whole, the Board keeps the previously announced outlook unchanged. Net sales are estimated to be approximately 50 million euros. The operating result will be considerably lower in 2009 than in 2008. Measures to ensure profitability will continue.

Published in the Financial Statements 2008 on February 6, 2009:

As for this year, the Board of Directors has decided not to give estimates on net sales in such an uncertain economic environment and so early into the year. The economic recession will continue for the time being, and its duration is unknown. Operating result will be clearly lower in 2009 than 2008. The beginning of the year is challenging in particular, as the comparable period in 2008 was extremely good. Cost level and possible actions to ensure profitability are continuously monitored.

Guidance for the year 2008

Published as a stock exchange release on December 15, 2008:

Tekla estimates that its net sales will be approximately 60 million euros, which means a growth of 3 percent compared to the previous year. Operating result will be approximately 15 million euros, which is 25 percent of net sales.

Reason behind the lowered outlook is the weakened situation in the construction industry in most of the key market areas.

The outlook has been calculated for the continuing businesses, whose net sales for 2007 amounted to 58.24 million euros and operating result to 17.90 million euros.

Published in the Q1-3/2008 Interim report on October 23, 2008:

Due to the softened prospects of the construction industry, Tekla is lowering its net sales and operating result outlook for the full year. Growth in net sales for 2008 is expected to be approximately 5%, while operating result will be slightly lower than the year before.

Published as a stock release on July 24, 2008 and maintained in the Q1-2/2008 Interim Report on August 8, 2008:

Tekla estimates that growth of net sales will be approximately 10 percent. Profitability is estimated to remain good and operating profit to be at the previous year's level. Growth in the Building & Construction business area is expected to outpace Infra & Energy.

Published in the Financial Statements 2007 on February 7, 2008 and maintained in the Q1/2008 Interim Report on April 24, 2008

The Board of Directors estimates that growth in net sales of continuing busineses for 2008 will be approximately 15% on the previous year and that the operating result will exceed that of the previous year. Growth in the Building & Construction business area is expected to outpace Infra & Energy, while both business areas are expected to improve their results on the previous year.

Guidances for the year 2007

Updated in the Q1-3 Interim Report of September 26, 2007

Updated in the Q1 Interim Report of April 27, 2007; remained unchanged in the Q1-2 Interim Report on August 3, 2007

The net sales of continuing business operations will increase by some 20%. In order to guarantee long-term growth, personnel resources have been increased and will be increased even further. Therefore, costs will increase, but the operating result of the continuing business operations is estimated to be clearly better than in the previous year.

Tekla's Board increases the company's net sales and profit outlook for the year as a whole. Net sales of the continuing business operations are estimated to exceed those of the previous year by 20% to 25%. The earlier forecast of growth in net sales was approximately 20%. The operating result of the continuing businesses is expected to be clearly better than the previous year. The forecast is specified so that the operating result will exceed the level of the previous year (28%). The Building & Construction business area generates the majority of Tekla's net sales and operating profit. Net sales of Infra & Energy are expected to experience moderate annual growth, and its result to be better than the previous year. The net sales of continuing business operations will increase by some 20%. In order to guarantee long-term growth, personnel resources have been increased and will be increased even further. Therefore, costs will increase, but the operating result of the continuing business operations is estimated to be clearly better than in the previous year.

The Building & Construction business area is spearheading the growth in net sales and operating profit, whereas also Infra & Energy's net sales are expected to experience moderate growth well and its result to be positive.

Published in the Financial Statements 2006 on February 9, 2007

Tekla’s Board of Directors estimates net sales of the continuing businesses to increase by some 15 percent. The number of personnel is expected to continue increasing. We estimate the operating result of the continuing businesses to improve from 2006.

Major part of net sales and profit will be generated in the Building & Construction business area in the future as well.

Guidances for the year 2006

Published in the Q1-3/06 Interim Report of October 27, 2006

The Board estimates that Tekla's net sales for the entire year will increase by about 25% compared to 2005. The operating result will approximately double over 2005. The continuous strong sales of the Building & Construction business area contribute to the improved outlook.

Most of the net sales and profit is still generated in the Building & Construction business area. Also the other business areas are expected to show positive operating results.

Published as a stock release on July 24,2006 and in the Q1-2/06 Interim Report on August 4, 2006

The company estimates that the Group's net sales for 2006 will increase about 20% compared to the net sales for 2005 (37.95 million euros). Also the operating profit outlook is raised. The operating profit level is estimated to exceed the level of 2005 (16.8%) and the operating profit is estimated to be clearly better than in the previous year (6.39 million euros). The net sales and operating profit outlook is changed because of the continuous strong net sales of the Building & Construction business area.

Most of the net sales and profit is still generated in the Building & Construction business area. Also the other business areas are expected to show positive operating results.

Published in the Q1/06 Interim Report on April 27, 2006

Tekla raises its net sales and profit outlook for the entire year. The Board of Directors estimates that Tekla’s net sales for 2006 will grow by some 15%. In Tekla’s product-based business this means that operating profit will exceed that of the previous year.

Most of the net sales and profit is generated in the Building & Construction business area. The other business areas are expected to show positive operating results as well.

Published in the Financial Statements 2005 bulletin on Feb 16, 2006

Tekla's net sales for 2006 are expected to increase by more than ten percent. Operating profit is expected to reach the previous year's level at the least.

According to the Board's estimate, the increase in the net sales of the main business area, Building & Construction, will be faster than in other business areas. However, in total they are expected to improve their profitability and grow moderately.

Guidances for the year 2005

Published as a stock release on January 18, 2006

Tekla's Board revises the outlook related to the net sales and the operating profit of 2005. After having received preliminary information about last year's financial statements the board estimates, that the net sales and the operating profit will be higher than in the previously given outlook. The estimates are higher because of the excellent sales development of Building & Construction business area also for the last months of the year.

According to the company, the net sales of 2005 will be approximately 38 million euros and the operating profit will be over 6 million euros.

Published as a stock release on December 13, 2006

The actual net sales for the fourth quarter show that the favorable sales development especially in Tekla's biggest business area, Building & Construction, has continued at a good pace. Therefore Tekla has raised its previously announced net sales and operating profit outlook.

The company estimates that the net sales for 2005 will increase in excess of about 18% compared to the comparable net sales for 2004 (31.67 million euros).

The operating profit will also increase from what has been announced previously; Tekla's operating profit for 2005 is likely to exceed 5 million euros.

Published as a stock release on October 24, 2005 and in the Q1-3/05 Interim Report on October 28, 2005

Tekla Group's net sales for 2005 will increase by some 15% compared to comparable net sales for 2004 (31.67 million euros). Favorable development in the sales of the Building & Construction business area in particular has contributed to this.

The increase in net sales will have a positive effect on the operating profit for 2005 as a whole, which Tekla estimates to about double compared to comparable operating profit for 2004 (2.2 million euros).

Published in the Q1-2/05 Interim Report on August 5, 2005

At the beginning of June, Tekla updated its net sales and operating profit outlook. In it, Tekla’s comparable net sales for 2005 were expected to increase by more than 10 percent. This continues to be the case.

The profit outlook is specified so that the operating profit also for the rest of the year is positive.

Comparable net sales in 2004 were 31.67 million euros (excluding the customer information system business for the energy industry and municipalities divested in September 2004). Comparable operating profit in 2004 (excluding the non-recurring items booked in the third quarter of 2004) amounted to 2.2 million euros.

Published as a stock release on June 9, 2005

Tekla Group's net sales and operating profit 2005 are estimated to develop better than stated previously. In the outlook of the interim report January – March 2005 Tekla's net sales were said to grow moderately and the operating profit was said to be positive in 2005.

According to the new outlook, Tekla's comparable net sales in 2005 will grow over 10 percent and the operating profit will be better than in the previous year.

The outlook is amended mainly because the sales of the Building & Construction business area have developed more positively than expected.

Published in the Financial Statements bulletin for 2004 on February 15 and in the Interim Report for Q1/05 on April 29

Moderate growth in net sales and a positive operating result are expected for 2005.

Guidances for the year 2004

Published in a stock release on October 19, 2004 and in the Q1-3/04 Interim Report on October 26, 2004

Net sales for 2004 will be some five percent lower than the previous year, while operating result will remain in the red.

Moderate growth in net sales and a positive operating result are expected for 2005. Net sales for 2004 will be some five percent lower than the previous year, while operating result will remain in the red.

Long-term growth expectations are placed especially on the Building & Construction business area.

Published in the Financial Statements 2003 bulletin on February 10, 2004 and maintained in the Interim Reports for Q1/2004 on April 28 and for Q1-2/2004 on August 3, 2004

Tekla's net sales are estimated to grow moderately and its operating result to be positive.

Long-term growth expectations are placed especially on the Building & Construction business area.

Guidances for the year 2003

Prospects after Q3/2003

For the rest of 2003, Tekla’s focus is on ensuring the volume of netsales, improving profitability and product development. No significant revival in demand is expected in the company’s key market areas during the last quarter of the year.

Tekla estimates that the company's net sales for 2003 will be about 40 million euros. This year’s operating result will be significantly weaker than last year due to the one-time items. However, the operating result excluding these items will probably be better than in 2002, although still negative. According to Tekla's view the last quarter of 2003 will be the best in terms of net sales and its result will be positive.

Prospects after Q2/2003

In 2003, Tekla focuses on expanding sales volume, improving profitability and developing new products. No significant changes in demand are expected in the company’s key market areas during the latter half of the year.

The net sales for 2003 are expected to be on a par with 2002. Operating profit for 2003 will be significantly weaker than last year due to non-recurring expenses. However, the operating profit excluding these non-recurring expenses is better than in 2002, even though it will probably remain negative.

Prospects after Q1/2003

In 2003 Tekla will focus on improving profitability and developing new products. The company has decided to noticeable improve its operating result and keep on increasing its net sales in 2003.

Guidances for 2003, published in the Financial Statements Bulletin for 2002

In 2003 Tekla will focus on improving profitability and optimizing resources. The company has decided to improve its operating result noticeably and continue to increase its net sales in 2003.

The competitiveness of Tekla's building industry producfts has remained good. If the general economic situation improves notably in the coming months, the company believes that the building market will also revive, bringing about a notable increase in the demand for its products. In the energy industry, the volume of demand grows slowly, and the preparation times for investment decisions remain long.

In international markets the competitive position of Xpower as the most extensive network information solution for distribution companies has remained strong in the Nordic countries, and Tekla believes the demand will grow in nearby areas. In the target areas of Public Infra and Defence in Finalnd, demand is likely to remain stable, and the company's market position will remain strong.