Tiimari Oyj Abp - Company Announcement

TIIMARI LOWERS OUTLOOK FOR 2011

TIIMARI PLC                     Stock Exchange Release 5.8.2011 at 9.45 AM

TIIMARI LOWERS OUTLOOK FOR 2011

Tiimari anticipated in Q1 interim report published 6 May 2011 that during 2011,
the declining trend in Tiimari's revenue, reported on a monthly basis, will
cease and that Tiimari's EBITDA for the entire year 2011 will be positive
(2010: EUR -1.3 million). The revenue of Gallerix is forecast to grow and its
EBITDA is anticipated to be positive and better than in 2010 (2010: EUR 0.1
million). 

The current view is that we estimate that during 2011, the declining trend in
Tiimari's revenue, reported on a monthly basis, will cease and that Tiimari's
EBITDA for the entire year 2011 will be negative (2010: EUR -1.3 million) and
lower than in 2010. The revenue of Gallerix is forecast to grow and its EBITDA
is anticipated to be positive and better than in 2010 (2010: EUR 0.1 million). 

The current view for 2011 is based on the Tiimari chain's continuing weak
financial performance during Q2/2011 as well as to non-recurring cost items and
items affecting EBITDA. Non-recurring items related to Tiimari's updated store
strategy include EUR 0.7 million rent liabilities and EUR 0.2 million extra
depreciation of outdated store fixtures in fixed assets. These items do not
have cash-flow impact in Q2. The rent liabilities will have a minor monthly
effect on the company's cash flow starting Q3/2011. 

Tiimari Q2 interim report will be published on 12 August 2011.

Board of Directors

Tiimari Plc



For more information:

Niila Rajala, President and CEO, +358 (0) 3 812 911, niila.rajala @ tiimari.fi

Chief Financial Officer Kai Järvikare, +358 (0) 44 7129475, kai.jarvikare @
tiimari.fi 



distribution:
NASDAQ OMX Helsinki
Principal media
www.tiimari.com

Tiimari Plc is a listed company. The group consists of two retail shop
concepts: Tiimari and Gallerix. These two concepts do business in five
countries within the Baltic Sea region and there are altogether nearly 300
shops. All concepts belong to the forerunners of their market segment.