Trainers' House (TRH1V) Q3 2024 earnings summary

Executive summary

• Net sales for January–September 2024 were EUR 5.9 million, down 9.7% year-over-year; operating result remained at EUR 0.1 million, 1.1% of net sales.

• Q3 net sales were EUR 1.6 million, a 1.2% decrease year-over-year; operating result was EUR -0.1 million, -9.4% of net sales.

• Cash flow from operations for the nine months was EUR 0.1 million; cash and cash equivalents at period end were EUR 1.1 million.

• Earnings per share for January–September was EUR 0.03, compared to EUR 0.04 last year; Q3 EPS was EUR -0.07.

• Customer activity and satisfaction remained high, with moderate success in acquiring new assignments and improved productivity in encounter marketing.

Financial highlights

• EBITDA for January–September was EUR 0.3 million, down from EUR 0.5 million year-over-year.

• Expenses from employee benefits decreased to EUR 3.9 million from EUR 4.3 million year-over-year.

• Equity ratio at the end of Q3 was 65.2%, nearly unchanged from 65.3% a year earlier.

• Interest-bearing liabilities increased to EUR 0.7 million from EUR 0.3 million year-over-year.

• Market capitalization at period end was EUR 4.9 million, down from EUR 8.0 million year-over-year.

Outlook and guidance

• Operating profit for 2024 is estimated to be negative.

• Focus remains on maintaining healthy cash flow and profitability.