|
|||
2009-09-22 08:45:00 CEST 2009-09-22 08:45:01 CEST REGULATED INFORMATION Tiimari Oyj Abp - Company AnnouncementTIIMARI PLC ADJUSTS THE OUTLOOK OF THE COMPANYTiimari Plc Stock exchange release 22.09.2009 at 9.45 TIIMARI PLC ADJUSTS THE OUTLOOK OF THE COMPANY The continuing uncertainty on the market place and especially the inventory reduction programme and the renewal of the product assortment executed by the company have had a negative impact on the Company's gross margin during the third quarter. At the same time the actions taken have reduced the capital employed as planned. As a decisive part of the Company's profits will accrue during the last quarter and it is difficult to estimate under the prevailing financial circumstances, the Board adjusts the previously published outlook to be the following: Tiimari's full year operational profitability (earnings before interest, depreciation and amortisations and excluding one-off items) is expected to be on the previous year level. According to the previous published outlook the Board estimated that the profit improvement program activities shall enable the Company to improve operational profitability. The operative cash flow before taxes and financing items is expected to be clearly positive in 2009. Tiimari Plc Hannu Krook CEO Further information: CEO Hannu Krook tel. + 358 (0)3 812911, e-mail hannu.krook@tiimari.fi Distribution: NASDAQ OMX Helsinki important news 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 seven countries within the Baltic Sea region and there are altogether nearly 300 shops. Both concepts belong to the forerunners of their market segment. In the corporation there is also a company called Tiimore Oy which specializes in corporate gifts and sales promotion solutions. |
|||
|