Trainers' House Group reports decrease in net sales, expects negative profit; focusing on profitability
From GlobeNewswire: 2024-07-18 01:30:00
Trainers’ House Group saw a decrease in net sales for January-June 2024, with operating results in both periods showing similar figures. Cash flow from operations improved in 2024, and earnings per share increased slightly. In the second quarter, the company’s net sales decreased, but cash flow from operations improved significantly. Trainers’ House expects a negative operating profit for 2024, despite recent successes in customer acquisition and satisfaction. The company aims for healthy cash flow and profitability, focusing on customer intimacy and results. CEO Arto Heimonen highlights the importance of aligning with customer needs and maintaining a strong financial position in a challenging market. The company hired over 100 early-career employees in the Trainers’ House Growth Academy, emphasizing long-term profitable growth as a key objective. The company is aware of risks, such as economic fluctuation, and has implemented risk management strategies, including insurance coverage and monitoring systems. Trainers’ House maintains a focus on employee retention, technological advancements, and legal compliance to secure their position in the market. The company’s financial risk management includes monitoring liquidity, interest rate, currency, and credit risks. Goodwill and intangible assets were tested at the end of the review period, with no impairment identified. Ultimately, Trainers’ House remains focused on customer satisfaction, financial stability, and sustainable growth.
Read more at GlobeNewswire:: TRAINERS’ HOUSE GROUP HALF YEAR REPORT 1 JANUARY – 30 JUNE