Tiimari Oyj Abp - Company Announcement

TIIMARI PLC: TIIMARI LOWERS THE GALLERIX SEGMENT’S OUTLOOK FOR 2011

TIIMARI PLC                     Stock Exchange Release 5.12.2011 at 12.30



TIIMARI LOWERS THE GALLERIX SEGMENT'S OUTLOOK FOR 2011

The revenue of Tiimari Group's Gallerix business in Sweden was lower than the
forecasted revenue in November. Further, the Swedish retail market contains
significant uncertainty as to how the Christmas sales will succeed this year.
Therefore, the Board of Directors has decided to specify the Gallerix segment's
outlook for 2011 as follows; 

We estimate that during 2011, the declining trend in the Tiimari segment's
revenue, reported on a monthly basis, will cease and that the Tiimari segment's
full-year EBITDA for 2011 will be negative (2010:EUR -1.3 million) and
significantly lower than last year. The revenue of the Gallerix segment is
forecast to grow but its EBITDA is anticipated to be lower than in 2010 (2010:
EUR 0.1 million) and possibly negative. 

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

Board of Directors

Tiimari Plc



Further information:

Managing Director, Niila Rajala, +358 (0)3 812911, niila.rajala@tiimari.fi

Chief Financial Officer, Jarmo Kanervo, +358 (0)3 812911,
jarmo.kanervo@tiimari.fi 



Distribution:

NASDAQ OMX Helsinki
important news media
www.tiimari.com



Tiimariplc is a listed company.The Group consists of two retail store concepts:
Tiimari and Gallerix.The concepts operate around 300 shops in five countries
around the Baltic Sea region. Both concepts are forerunners in their respective
fields.