Trainers House Oyj Reports Audited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the Year 2014
February 13, 2014 at 03:17 am EST
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Trainers' House Oyj reported audited earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net sales amounted to EUR 2,793,000 against EUR 3,381,000 a year ago. Operating profit was EUR 430,000 against EUR 317,000 a year ago. Profit before tax was EUR 352,000 against EUR 125,000 a year ago. Profit attributable to owners of the parent company was EUR 784,000 or EUR 0.01 per share against EUR 105,000 or EUR 0.00 per share a year ago.
For the year, the company reported net sales amounted to EUR 10,120,000 against EUR 13,302,000 a year ago. Operating loss was EUR 4,147,000 against EUR 91,000 a year ago. Loss before tax was EUR 5,201,000 against EUR 394,000 a year ago. Loss attributable to owners of the parent company was EUR 4,769,000 or EUR 0.07 per share against EUR 243,000 or EUR 0.00 per share a year ago. Cash flow from operations was EUR 1,527,000 against EUR 608,000 a year ago. Investments in tangible and intangible assets were EUR 19,000 against EUR 49,000 a year ago. Negative return on equity was 41.1% against 1.5% a year ago. EBITDA was EUR 706,000 against EUR 1,506,000 a year ago. Interest-bearing net debt totaled EUR 5.9 million against EUR 3.7 million a year ago. Interest-bearing liabilities amounted to EUR 8.6 million (EUR 5.2 million), and interest-bearing net debt totalled EUR 5.9 million (EUR 3.7 million).
For the year 2014, the company estimates that the net sales will be slightly lower than the 2013 level. The company further estimates that operating profit before non- recurring items will be lower year-on-year.
Trainer s House Oyj is a Finland-based company specializing in the technology-dependent training. The Company is engaged in the provision of business development services based on Software as a Service (SaaS Services), including Business Live Action Role Play (BLARP), which focuses on the time management; Source, which is a tool for managing stages of the sales process; Sydan, which focuses on the companyâs productivity; Pulssi, which is a tool used in the Companyâs training programs; and Polku, which is a personal growth program. As of December 31, 2011, the Company had 11 wholly owned subsidiaries, such as Trainers' House Kasvusysteemiosakeyhtio, Ignis Oy, Interweb Oy, Revenue House Oy, Ignis Artillery Oy, Ignis Marines Oy, Ignis People Oy, Satama Netherlands Holding BV, Trainers' House GmbH, Trainers' House AB and Satama UK Ltd.
Trainers’ House Oyj Reports Audited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the Year 2014