Core Insights - The Tulikivi Group experienced a decline in net sales and profitability in the third quarter and the review period compared to the previous year, attributed to economic uncertainty affecting consumer behavior [1][4]. Financial Performance - Net sales for Q3 were EUR 7.0 million, down from EUR 7.2 million in the same period last year, and total net sales for the review period were EUR 21.6 million, down from EUR 25.0 million [1][3]. - Operating profit for Q3 was EUR 0.2 million, a decrease from EUR 0.5 million, and for the review period, it was EUR 0.0 million, down from EUR 1.6 million [1][3]. - Profit before tax was EUR 0.0 million in Q3, down from EUR 0.3 million, and EUR -0.6 million for the review period, compared to EUR 1.0 million previously [1][3]. Equity and Financial Ratios - The equity ratio at the end of the review period was 48.6%, down from 50.9% [2][3]. - The net indebtedness ratio increased to 63.7% from 55.4% [3]. - Total comprehensive income for the period was EUR -0.5 million, a significant decline from EUR 0.8 million [3]. Market and Strategic Developments - The company’s order intake in Q3 was EUR 6.4 million, lower than anticipated, reflecting a challenging market situation in construction [4]. - Strategic projects are progressing, including efforts to grow market share in Central Europe and advance the Suomussalmi talc project [5]. - The expansion of the sales and distribution network for the new Jero collection in Central Europe is ongoing, with a goal to increase dealer locations from 330 to 500 by the end of 2026 [6]. Product Developments - The sauna business is launching the new Kevo electric sauna heater collection, emphasizing design, energy efficiency, and safety [7]. - The Suomussalmi talc project has made progress, including the submission of an environmental permit application and ongoing studies on ore exploitation [8].