Tulikivi Annual Report 2008
2008 Annual Report Contents The Year 2008 in Brief 3 Strategic Policies 4 Managing Director’s Review 6 Fireplaces 8 Natural Stone Products 10 Utility Ceramics 11 Corporate Responsibility 12 Shareholder Policy 14 Highlights of the Year 2008 15 Board of Directors 16 Corporate Governance 18 Management Group 22 Information for Shareholders 24 Tulikivi Corporation’s Stock Exchange Releases and Announcements in 2008 25 Board of Directors’ Report and Financial Statements 26 Board of Directors’ Report 27 Consolidated Financial Statements, IFRS 32 Key Financial Indicators 65 Calculation of Key Ratios 67 Parent Company Financial Statements, FAS 68 Tulikivi Corporation’s Shareholders and Management Ownership 77 Signatures to Report of the Board and Financial Statements 78 Auditors’ Report 78 Contact Information 79 DEVELOPMENT OF NET SALES, MEUR The Year 2008 in Brief �� ���� �� A listed family company, Tulikivi Corporation and its Calculation of key ratios, page 67. ���� �� ���� subsidiaries form the Tulikivi Group, the world’s largest The Tulikivi Group includes the parent company Tulikivi ���� �� ���� manufacturer of heat-retaining fireplaces. The Group is Corporation, a branch office Tulikivi Oyj Niederlassung �� known for its Tulikivi soapstone fireplaces and natural Deutschland, Kivia Oy, AWL Marmori Oy, Tulikivi U.S., Inc. �� �� stone products as well as its Kermansavi ceramic fire- and OOO Tulikivi. Other Group companies are Uuni �� places and utility ceramics. The Group’s revenue amounts Vertriebs GmbH and The Alberene Stone Company, Inc., �� to about EUR 67 million, about half of which is accounted which are no longer engaged in business operations. The � ���� ���� ���� ���� ���� for by exports. The Group owns six production plants and associate companies of Tulikivi Group are Stone Pole Oy employs about 500 people.
[Show full text]