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.