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Trainers' House Oyj Lowers FY 2013 Financial Guidance


Wednesday, 26 Jun 2013 07:30am EDT 

Trainers' House Oyj announced that the Company has decided to lower its outlook for the fiscal year 2013 due to volume of orders in the second quarter of 2013 that had not developed in the anticipated manner. The Company now estimates the net sales for the fiscal year 2013 to be clearly lower than in 2012, and the operating profit before non-recurring items and depreciation resulting from the allocation of acquisition cost to be lower than in 2012. Previously Trainers’ House estimated that net sales for 2013 would be lower than in 2012, and operating profit before non-recurring items and depreciation resulting from the allocation of acquisition cost to be at approximately the same level as in 2012. The comparable figures for the net sales of 2012 was EUR 13.3 million, and operating profit before non-recurring items and depreciation resulting from the allocation of acquisition cost was EUR 1.2 million. According to I/B/E/S Estimates analysts on average are expecting Trainers House to report revenue of EUR 13.00 million and operating profit of EBIT of 1.00 million for the fiscal year 2013.