Trainer's House Oyj - Company Announcement

AUDITOR’S REPORT 2014 OF TRAINERS’ HOUSE

Espoo, 2015-03-03 16:45 CET (GLOBE NEWSWIRE) -- TRAINERS' HOUSE PLC, STOCK
EXCHANGE RELEASE, 3 MARCH 2015 AT 17:45 

The Auditor of Trainers' House Plc has today given the Auditor's report for
company's financial statements for the year 2014. 

In addition to the Auditor's standard report, the report contains the following
statements: 

”Emphasis of matter

We draw the attention to the Board of Directors' report and notes to the
consolidated financial statements, according to which Company - after being
accepted into debt restructuring process - is working together with the
Administrator in order to find appropriate financing solutions for the Group
going forward. According to Board of Directors' report the Board of Directors,
Management and the Administrator do not contemplate the liquidation of the
Company. As such, the Directors and Management believe that a going concern
basis of presentation is appropriate. The Board of Directors further state that
at the date of the financial statements it is not possible to foresee whether
Trainers' House will be able to execute its financing, restructuring and
operational plans or whether the execution of these will improve the Group's
financial condition sufficiently to allow it to continue as a going concern.
These circumstances, along with other matters explained in the Board of
Directors' report and notes to the consolidated financial statements indicate
the existence of a material uncertainty that may cast significant doubt on the
Company's ability to continue as a going concern. Our opinion is not qualified
in respect of this matter.” 

The Auditor's Report is fully attached to this stock exchange release. The
company will release the Finnish annual report and financial statements for the
year 2014 on 4 March 2015. 


TRAINERS' HOUSE PLC

Contact details:
Saku Keskitalo
Investor relations, tel. +358 40 411 1111

Attachments:

Tilintarkastuskertomus eng kaannos.pdf