TRAINERS' HOUSE OYJ Trainers' House Plc lowers its outlook for 2013. The company now estimated that the net sales for 2013 will be clearly lower than in 2012. The company estimated that the operating profit before non-recurring items and depreciation resulting from the allocation of acquisition cost will be lower than in 2012.
The company's volume of orders in the second quarter of 2013 has not developed in the anticipated manner, which the company estimates to have a clearly negative effect on the net sales for the second half of the fiscal year. The clear reduction in the net sales will have an adverse effect on the profitability regardless of the cost saving measures already implemented. Previously the company 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.
