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2009-10-01 11:20:00 CEST 2009-10-01 11:20:01 CEST REGULATED INFORMATION Tiimari Oyj Abp - Company AnnouncementTiimari sold its business gift merchandiser to its operative managementTIIMARI PLC STOCK EXCHANGE RELEASE 1 OCTOBER 2009 at 12.20 TIIMARI HAS SOLD ITS BUSINESS GIFT MERCHANDISER TO THE OPERATIVE MANAGEMENT Tiimari has sold Tiimore Ltd, its business gift and holistic PR-product solution merchandiser to the operative management. The Tiimari group will now concentrate on developing its retail concepts. Tiimore's revenue in 2008 was 1.1 million euros and the 2009 June year-to-date revenue was 0.4 million euros and net profit -0.2 million euros. The employee negotiations concerning the entire personnel have concluded and the personnel will be reduced by four people. An entrepreneurial environment is deemed a prerequisite for the future profitability of the sold business unit. The Tiimore business segment will in the future be reported as discontinued operations. Tiimari Plc Hannu Krook CEO Distribution: NASDAQ OMX Helsinki important news media www.tiimari.com Further information: CEO Hannu Krook tel. + 358 (0)3 812911, e-mail hannu.krook@tiimari.fi Tiimari Plc shares are listed at Nasdaq OMX Helsinki Plc. The Group comprises two retail shop concepts, Tiimari and Gallerix. The concepts operate nearly 300 shops in seven countries within the Baltic Sea region. Both concepts belong to the forerunners within their business segments. |
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