Trainers' House (TRH1V) Q4 2024 earnings summary

Executive summary

• Net sales for 2024 were EUR 8.0 million, a decrease of 4.6% year-over-year; operating result improved to EUR 0.0 million from EUR -0.1 million.

• Result for the period was EUR -0.1 million, unchanged from the previous year; cash flow from operations increased to EUR 0.6 million from EUR 0.2 million.

• Q4 net sales rose 12.9% year-over-year to EUR 2.1 million; Q4 operating result improved to EUR 0.0 million from EUR -0.2 million.

• Cash and cash equivalents at year-end were EUR 1.5 million, up from EUR 1.2 million; equity ratio strengthened to 65.5%.

• Board proposes a dividend of EUR 0.05 per share, to be paid in April 2025.

Financial highlights

• EBITDA for 2024 was EUR 0.4 million, down from EUR 0.43 million; depreciation and impairment losses decreased to EUR 0.35 million.

• Earnings per share for 2024 were EUR -0.05, compared to EUR -0.04 in 2023.

• Interest-bearing net debt improved to EUR -0.9 million from EUR -0.3 million.

• Market capitalization at year-end was EUR 4.4 million, down from EUR 8.9 million.

Outlook and guidance

• Operating result for 2025 is estimated to be between a EUR 0.1 million loss and a EUR 0.5 million profit.

• Healthy cash flow and profitability remain key goals; new assignments acquired in late 2024 expected to boost early 2025 net sales.