Trainers' House (TRH1V) Q2 2024 earnings summary

Executive summary

• Net sales for January–June 2024 were EUR 4.3 million, down 12.4% year-over-year; operating result remained steady at EUR 0.2 million, representing 5.0% of net sales, up from 3.5% last year.

• Cash flow from operations improved to EUR 0.5 million from EUR 0.3 million year-over-year; earnings per share rose to EUR 0.10 from EUR 0.08.

• For April–June 2024, net sales declined 4.9% year-over-year to EUR 2.1 million; operating result was breakeven, up from a loss of EUR -0.2 million.

• Customer satisfaction remained high with a Net Promoter Score of 80; over 100 early-career employees were hired for the Growth Academy.

Financial highlights

• EBITDA for January–June 2024 was EUR 0.4 million, down from EUR 0.44 million year-over-year.

• Cash and cash equivalents at the end of June 2024 were EUR 1.5 million, compared to EUR 1.8 million last year.

• Interest-bearing liabilities increased to EUR 0.8 million from EUR 0.3 million year-over-year.

• Equity ratio stood at 63.2%, slightly down from 64.1% a year ago.

• Market capitalization at the end of the period was EUR 4.8 million, down from EUR 9.0 million last year.

Outlook and guidance

• Operating profit for 2024 is estimated to be negative.

• Healthy cash flow and profitability remain key business goals for the year.