TIIMARI OYJ ABP STOCK EXCHANGE RELEASE 19 March 2008 TIIMARI OYJ ABP FINANCIAL STATEMENTS REVIEW 1 JANUARY - 31 DECEMBER 2007 TIIMARI RECORDS STRONG TURNOVER AND PROFIT PERFORMANCE IN THE FINAL QUARTER, THE RESULT OF THE ENTIRE YEAR REMAINING SLIGHTLY BELOW EXPECTATIONS DUE TO HEAVY EXPANSION KEY FIGURES OF OPERATIONS ON REVIEW PERIOD 1 JANUARY - 31 DECEMBER 2007: - Turnover MEUR 74.6 (MEUR 32.8) - Earnings before interest, taxes, depreciation and amortization (EBITDA) MEUR 6.7 (MEUR 6.9). The result of financial year 2007 includes a MEUR 1.4 (MEUR 1.2) acquisition cost depreciation of inventories. - Result after tax MEUR 3.2 (MEUR 4.8) - Earnings per share MEUR 0.32 (MEUR 0.70) - In November, Tiimari acquired Gallerix International AB which was successfully integrated into the business. - Tiimari Retail turnover and earnings as planned - Tiimore Oy turnover and earnings below expectations - The company had a strong operative cash flow - The Board of Directors proposes to the Annual General Meeting a dividend payment of EUR 0.16 (EUR 0.15) per share. KEY FIGURES OF OPERATIONS IN THE FINAL QUARTER - Turnover MEUR 31.3 (MEUR 30.0) - Earnings before interest, taxes, depreciation and amortization (EBITDA) MEUR 7.4 (MEUR 6.6) - Result after tax MEUR 7.1 (MEUR 4.5) - Earnings per share MEUR 0.72 (MEUR 0.58) STATEMENT OF THE MANAGING DIRECTOR Tiimari continued developing both its domestic and foreign retail operations. During the year under review, a total of seventeen (17) stores were renewed in Finland according to the implemented concept. The renewal process cut down the sales of the group as a whole, several stores being closed during the renewal, but the sales of the stores reflecting the new concept evolved better than before, as was expected. In addition, four (4) new stores were opened in Finland. To ensure efficient retail operations across various markets, a Handbook of Retail Activities, a Handbook of Chain Operations and an e-learning solution i.e. the Experiential training centre were introduced to expedite and support familiarisation with the retail concept. Tiimari continued its strong international growth through the acquisition of Swedish retail chain Gallerix in 2007. Additionally, Tiimari signed the lease for opening the first store in St. Petersburg and opened two new stores in Poland; in Gliwice in June and in Bialystok in November. The concerted effort on business locations during 2007 will be seen as a sustained strong expansion through the six (6) new agreements on Polish business locations that were finalised for 2008. The new stores will bring the total number of stores in Poland up to ten (10). Tiimari is currently negotiating on several business locations in Poland for 2009 as well. As a result of the strong focus on business locations, Tiimari also identified future business locations in St. Petersburg and Moscow. When finalised, these agreements will ascertain the expansion into Russia. Tiimari group acquired the Swedish retail chain Gallerix under a transaction signed on 1 November 2007. The Gallerix chain operates mainly on the franchising principle. The purchase price of the entire share capital of Gallerix International AB was MEUR 7.3. Gallerix was consolidated with Tiimari as of 1 November 2007. Gallerix is the leading Swedish retail chain specialising in wall decoration items, gift wrapping items and cards. At the end of the financial year, the company had 92 stores in Sweden and one in Finland. Taken as a whole, I am satisfied with our performance in 2007. Measures implemented during the year create a solid foundation for 2008 across our business. TIIMARI RETAIL Turnover of the Tiimari Retail segment for the period 1 January - 31 December 2007 was MEUR 72.6 and the earnings totalled MEUR 3.0. A web shop operating under the Tiimari retail concept was opened in December 2007. The assortment is complemented continuously to cover all the product groups offered in stores. The web shop was complemented with entity-oriented idea presentation as well as forums for craft hobbyists, home decorators and "True Men". At the end of the financial year, Tiimari had a total of 180 own stores, the number at the end of 2006 being 179. The increase in the number of stores to the previous year occurred in the final quarter. In 2008, Tiimari will open six new stores in Poland. Tiimari is actively exploring the possibilities for opening new stores reflecting both concepts also in the other geographical markets, such as in Russia. Number of stores 31.12.2007 31.12.2006 Finland 157 155 Estonia 14 16 Latvia 4 4 Norway 1 1 Poland 4 2 Sweden 0 1 Own stores 180 179 Franchise stores Finland 4 6 Sweden 9 10 Tiimari stores, total 193 195 Gallerix stores Finland 1 Sweden 5 Own stores 6 Franchise stores Sweden 87 Gallerix stores, total 93 Tiimari Retail Stores, total 286 195 A central part of Tiimari's strategy is to increase the number of stores and to optimise their location and size in square metres. Falling within the Tiimari business segment, the acquisition of Gallerix will provide Tiimari with measurable franchising expertise, solid knowledge of the Swedish markets and the opportunity to establish a more extensive clientele. The integration will also intensify the opportunities for domestic business growth. The group will become an increasingly favourable partner to shopping centres and other store facility leaseholders through the combined appeal of two vibrant concepts. The combination of these strong concepts will strengthen Tiimari's position also when obtaining new business facilities in the Baltic countries, Poland and in Russia. The Gallerix retail concept fits the Finnish market well, as mainly individual specialised stores and home decoration departments of department stores are currently focusing on the increasingly popular wall furnishing and decoration trend. Tiimari is therefore planning to convert and open several stores under the Gallerix concept during the current year. TIIMORE Turnover of the Tiimore segment for the period 1 January - 31 December 2007 was MEUR 2.0 and the earnings totalled MEUR -0.6. Business gift merchandiser Leo Longlife Design Oy, owned by Tiimari group, changed its name to Tiimore Oy as of 23 August 2007. The change of name became actual after the product assortment and operations model of the company were changed and expanded substantially. During the review period, Tiimore was set up with a new strategy which is based on a business gift department store concept. Previously consisting mainly of Leo Longlife Design products, the assortment is expanded by utilising the purchasing and logistics expertise of Tiimari Retail Oyj. In addition to using traditional sales representatives, a web shop was opened in the end of August. Measures for implementing the outlined strategy and improving the financial performance included negotiations for closing down the Kokkola production unit and liquidating the production property and fixed assets. FINANCIAL RESULT Figures of the comparative period include Tiimari business operations during the period 9 October - 31 December 2006, rendering the figures of the current review period not directly comparable with those of the previous financial year. The consolidated turnover of Tiimari for the financial year was MEUR 74.6 (MEUR 32.8). Earnings before interest, taxes, depreciation and amortization (EBITDA) was MEUR 6.7 (MEUR 6.9). EBITDA of the financial year includes MEUR 1.4 of inventory write-offs that are related to acquisitions of the Tiimari business. After tax, the earnings of the financial year were MEUR 3.2 (MEUR 4.8). Earnings per share were EUR 0.32 (0.70). The result of the financial year was weighed down by non-recurring expenses related to the acquisition of Gallerix as well as the start-up expenses of the Russian business. Profit development of business gift merchandiser Tiimore Oy was approx. MEUR 1 (1) weaker than expected due to delays in the implementation of the new business strategy and unprofitable factory operations. Tiimore launched employer-employee negotiations on the Kokkola factory in December 2007. The negotiations were concluded in February 2008, and the factory and the entire equipment were sold during the first quarter in 2008. Turnover of the final quarter was MEUR 31.1 (MEUR 30.0), earnings before interest, taxes, depreciation and amortisation (EBITDA) being MEUR 7.4 (MEUR 6.6). The result of the financial period was MEUR 7.1 (MEUR 4.5) in the final quarter. Earnings per share were EUR 0.72 (0.58). The company entered a total of MEUR 1.3 of tax claims in the final quarter, and the recognition is expected to continue in 2008. BALANCE, FINANCIAL SITUATION AND INVESTMENTS On 31 December 2007, the total balance of Tiimari group was MEUR 97.4 (MEUR 99.1). The company has a solid financial situation. Interest-bearing net liabilities decreased despite the active investment trend totalling MEUR 31.2 (MEUR 34.1). The solvency ratio was 40.8% (36.2%) and the net gearing 78.5% (95.1%). Seasonal fluctuations have a considerable impact on the company's financial situation, but, the company nevertheless managed to reduce its stock during the financial year, considering the increase in inventories due to the acquisition of Gallerix. The value of inventories was further increased by the unexceptionally early occurrence of Easter in 2008, which brought the purchasing forward to the end of year 2007. During the period under review, Tiimari made investments amounting to MEUR 10.8, the most considerable of all being the acquisition of the MEUR 7.3 share capital of Gallerix. The other investments were made mainly in the retail store network. HUMAN RESOURCES On 31 December 2007, the Company employed 729 (685) persons, the average personnel count of the financial year being 634(184) individuals. The majority of employees worked for Tiimari Retail Oyj. On 31 December 2007, the parent company employed 12 (4) people, the average number of employees for the financial year being 3 persons. GROUP STRUCTURE Tiimari Plc group consists of the parent company Tiimari Plc, directly or indirectly entirely owned companies Gallerix International AB (Uppsala), Gallerix Sverige AB (Uppsala), Oy Gallerix Finland Ab (Helsinki), Maritii Oy (Helsinki), Tiimari Retail Oyj (Lahti), Tiimari Sweden AB (Stockholm), Tiimari Baltic AS (Tallinn), Tiimari Latvia SIA (Riga), Tiimari Norway AS (Oslo), Tiimari Polska SP Z.O.O (Warsaw), Tiimore Oy (Helsinki) and Tuotesampo Oy (Tuotesampo Oy has no operations). The group also includes the joint-stock property company Osuuskunnantie 30 (Helsinki), which is a 10% subsidiary of Tiimari Plc and a 90% subsidiary of Tiimore Oy. This joint-stock property company has sold its real estate holdings and all on-site buildings. SHARE CAPITAL At the end of the review period, the registered share capital of Tiimari Plc totalled EUR 7,686,200, representing an aggregate number of 10,311,070 voting rights. The Company had a total of 2,596 shareholders. At the end of the review period, the number of own shares held by the company was 11,850. The number of shares corresponds to that held at the beginning of the period. The nominal value of shares held by the Company was MEUR 0.01 and the proportion of share capital and voting rights was 0.11 %. DEVELOPMENTS AFTER THE REVIEW PERIOD On 18 February 2008, Gallerix International AB, subsidiary of Tiimari Plc, concluded the employer-employee negotiations concerning the group's overlapping purchasing and administrative functions. The overlap pertained to 14 employees whose employments were terminated. This streamlining is estimated to yield a benefit of KEUR 400 per year, of which approximately KEUR 200 is projected to realise in 2008. The remaining KEUR 600 of the MEUR 1 in total synergies revealed at the time of acquisition will be realised within two years from the acquisition through an increased contribution margin enabled by the integration of the purchasing function with that of Maritii Oy. On 19 February 2008, Tiimari Plc subsidiary Tiimore Oy concluded the employer-employee negotiations on the Kokkola unit by deciding to close down the unit, which is in line with the new business strategy. The decision affected 11 employees whose employments were terminated. The closing down of the factory will bring savings of approximately KEUR 500 per year, of which approximately KEUR 180 are estimated to realise during the current financial year. The first Russian store was opened in the North Mall shopping centre in St. Petersburg on 25 February 2008. The fifth Polish store was opened in Poznan on 4 March 2008. On 13 March 2008, Tiimari Plc subsidiary Tiimore Oy sold its factory property in Kokkola as well as all the related fixed assets. The property was purchased by Kokkolan Terästalo Oy, and the fixed assets by Fineweld Oy. The total purchase price of the property and fixed assets was MEUR 1.1, which will yield a profit of approximately KEUR 900. The Board of Directors proposes to pay a dividend of EUR 0.16 per share. Distributable funds of the parent company totalled EUR 7,881,113.55 at the end of the financial year. The invitation to the Annual General Meeting will be published separately. The Annual General Meeting will convene on 4 April 2009 at 9.00 in Hotel Marski in Mannerheimintie 10, Helsinki. The invitation to the AGM is published on Tuesday 18 March. FUTURE PROSPECTS Tiimari's 2008 turnover is expected to grow both organically and as a result of the acquisition of Gallerix. The profit before tax is expected to exceed the 2007 figure. SHORT-TERM RISKS AND UNCERTAINTIES The most significant challenges to Tiimari business operations are caused by changes in the overall consumer demand and in the competitive environment and, with regard to international markets, the availability of good business locations. Tiimari is currently focusing heavily on developing both its stores and marketing activities. The company is seeking growth in the number of visitors and the amount of purchases per visitor, as well as developing its international operations. Managing the potential growth requires investments in administration, new locations, internationalisation and recruiting more staff. Tiimari strives to prepare for changes in the consumer demand and the competition environment by knowing the consumer, constantly developing the company concept, and by implementing new and innovative business solutions. FINANCIAL RISK MANAGEMENT Normal business operations of the group are exposed to several financial risks. The group's risk management strategy is designed to minimise the detrimental effect of changes in the financial markets to the consolidated profit. The Board of Directors approves the group's risk management policy while the finance division is responsible for its implementation. The group's finance division identifies and assess the risks and provides appropriate hedging instruments. The main financial risks are currency risks, interest-rate risks, credit risks and liquidity risks. The group has an established risk management policy governing the development of financial risk management as well as the implementation of hedging transactions. The group is able to manage risks through currency forward contracts, foreign currency loans and interest-rate swaps. This Financial Statements Review is prepared in accordance with the principles of the International Financial Reporting Standards (IFRS) but not in full compliance with IAS34. This Financial Statements Review is prepared according to the same principles as Tiimari's 2006 Annual Financial Statement. The Financial Statements Review is unaudited. The company adopted the IFRS7 and IAS1 standards and interpretations during the year under review. CONSOLIDATED PROFIT AND LOSS ACCOUNT EUR 1,000 2007 2006 2007 2006 10-12 10-12 1-12 1-12 Continued operations TURNOVER 31,292 30,040 74,570 32,819 Other operating income 176 338 347 346 Change in inventories -760 -8,912 -1 ,269 -8,992 Materials and supplies -11,330 -6,466 -28,206 -7,667 Work benefit and reward expenses -4,594 -3,990 -15,708 -4,717 Depreciation -757 -769 -2,402 -871 Other operating costs -7,388 -4,435 -23,003 -4,900 Operating profit/loss 6,639 5,806 4,329 6,018 Financial income and expenses -773 -1,030 -2,747 -793 Profit/loss before taxes 5,866 4,776 1,582 5,225 Taxes 1,277 -266 1,580 -396 Profit/loss for the review period from continued operations 7,143 4,510 3,162 4,829 Discontinued operations Profit for the financial year from discontinued operations 0 -5 0 1,460 Profit/loss for the financial period 7,143 4,505 3,162 6,289 Parent company shareholders' profit earnings per share Undiluted earnings per share Continued operations 0,72 0,58 0,32 0,70 Discontinued operations 0,03 0,21 Diluted earnings per share are the same as undiluted earnings CONSOLIDATED BALANCE SHEET 31.12.07 31.12.06 ASSETS Goodwill 37,385 35,392 Other intangible assets 19,760 15,387 Tangible assets 4,650 9,890 Investment properties 0 0 Other financing resources 114 114 Receivables 100 134 Deferred tax assets 30 0 Total non-current assets 62,039 60,917 Inventories 25,473 25,206 Trade and other receivables 6,877 3,852 Liquid assets 2,852 8,323 Total current assets 35,202 37,381 Non-current assets held for sale 124 830 TOTAL ASSETS 97,365 99,128 SHAREHOLDERS' EQUITY AND LIABILITIES Parent company's shareholders' equity TOTAL SHAREHOLDERS' EQUITY 39,667 35,891 LIABILITIES Deferred tax liabilities 6,692 6,552 Interest-bearing liabilities 28,220 20,835 Provisions 23 45 Total non-current liabilities 34,935 27,432 Interest-bearing liabilities 5,787 21,080 Provisions 8 0 Accounts payable and other payables 16,968 14,040 Current tax 0 165 Total current liabilities 22,763 35,285 Liabilities related to non-current assets held for sale 0 520 TOTAL LIABILITIES 57,698 63,237 TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES 97,365 99,128 CALCULATION OF CHANGES TO THE GROUP'S SHAREHOLDERS' EQUITY Parent company's shareholders' equity Calculation of changes to shareholders' equity 1.1.-31.12.2007 Invested free Own Current Share equity Own value Accumulated Own equity equity fund shares fund Transl. diff. profits Tot. 1.1.2007 Own equity 7,686 11,558 -55 0 -27 16,729 35,891 Transl. difference conversion -213 -213 Profit/loss for the financial period 3,162 3,162 Total recognised profit and loss -213 3,162 2,959 Distribution of dividend -1,477 -1,477 Share issue 2 270 2,270 Equity-settled share-based payments 6 6 Other items 28 28 Own equity 7,686 13,828 -55 0 -240 18,438 39,667 31.12.2007 Calculation of changes to shareholders' equity 1.1.-31.12.2006 Invested free Own Current Share equity Own value Accumulated Own equity equity fund shares fund Transl. diff. profits Tot. 1.1.2006 Own equity 6,600 0 -119 -6 0 13,773 20,248 Net expenses recognised directly in SH equity 6 3 9 Transl. difference conversion -27 -27 Profit/loss for the financial period 6,289 6,289 Total recognised profit and loss for the period 6,292 6,271 Issue of own shares 64 64 Distribution of dividend -3,300 -3,300 Share issue 1,086 11,558 12,644 Equity-settled Share-based payments 7 7 Other items -43 -43 Own equity 7,686 11,558 -55 0 -27 16,729 35,891 31.12.2006 CASH FLOW STATEMENT 1-12/07 1-12/06 Consolidated statements of cash flows Cash flows from operations Profit/loss for financial period 3,162 6,289 Adjustments: Depreciation and decrease in value 2,402 871 Financial income and expenses 2,747 793 Taxes -1,580 435 Other adjustments 1,756 -361 Change in working capital: Change in short-term receivables -4,252 -102 Change in inventories 164 9,308 Change in short-term liabilities 1,888 -1,180 Interests paid -3,080 -3,548 Interest income received 193 305 Taxes paid 173 -145 Net cash flow from operations 3,573 12,665 Cash flows from investment activities Investments in tangible and intangible assets -2,697 -51 Acquisitions of subsidiary companies net of cash acquired -4,645 -22,325 Capital gains from tangible and intangible assets 8,530 1,494 Repayment on other receivables 0 0 Repayments on loan receivables -650 2 Additional purchase price -1,500 0 Net cash flow from investments -962 -20,880 Cash flows from financing activities Share issue 0 12,644 Long-term loans, increase 12,229 13,859 Long-term loans, decrease -5,098 -34,836 Purchase and issue of own shares 64 64 Short-term loans, increase 7,060 32,974 Short-term loans, decrease -20,792 -20,617 Repayments on short-term loans 0 0 Dividends paid -1,477 -3,286 NEt cash flow from financing -8,078 802 Change in financial resources -5,465 -7,413 Liquid assets January 1, 2007 8,323 15,736 Effects of exchange rate changes on financial resources -6 0 Liquid assets December 31, 2007 2,852 8,323 SEGMENT-SPECIFIC FIGURES SEGMENT-SPECIFIC FIGURES The primary segment-specific reporting of Tiimari group is by business segment. The portrayed segments represent the internal group structure and the structure of internal financial reporting. The segments of the group are Tiimari and Tiimore businesses. The previous name of the Tiimore segment is Leo Longlife Design Oy. Turnover by segment EUR 1,000 2007 2006 2007 2006 0-12 10-12 1-12 1-12 Turnover Tiimari business operations 30,655 27,478 72,570 27,478 Tiimore business operations 638 643 2,000 1,622 Other operations 0 1,919 0 3,719 Total 31,293 30,040 74,570 32,819 Profit/loss Tiimari business operations 6,448 6,717 4,489 6,717 Tiimore business operations -247 -202 -572 -385 Other operations 1,122 -709 1,096 -314 Total 7,323 5,806 5,013 6,018 Assets and liabilities by segment 31.12.07 31.12.06 Assets by segment EUR 1,000 Tiimari business operations 89,880 88,716 Tiimore business operations 4,202 3,660 Unaligned assets 8,709 11,584 Elimination -5,426 -4,832 Total 97,365 99,128 Liabilities by segment EUR 1,000 Tiimari business operations 11,625 15,101 Tiimore business operations 735 357 Unaligned liabilities 52,240 53,224 Elimination -6,902 -5,445 Total 57,698 63,237 CONTINGENT LIABILITIES 2007 2006 Financial institution loans against the following securities 20,527 24,617 Real estate mortgages 2,361 8,029 Corporate mortgages 31,137 31,137 Pledged shares 1,476 1,476 Other own liabilities: Irrevocable letters of credit 0 292 Bank guarantees 1,927 690 Other liabilities 413 13 Leasing liabilities Due within one year 30 0 Due after one year 21 0 OTHER TENANCY LIABILITIES Due within one year 12,108 7,595 Due after one year 17,814 9,541 GROUP INVESTMENTS AND DEPRECIATIONS EUR 1 000 2007 2006 1-12 1-12 Gross investments 10,803 150 Depreciations 7,329 859 CHANGES TO GROUP'S FINANCIAL INSTITUTION LOANS 2007 2006 Increase 19,288 46,833 Decrease -27,389 -55,451 Changes in total -8,101 -8,618 Calculation of the purchase price of Gallerix in accordance with IFRS3: SEK 1,000 MEUR Write-off period Purchase price 66,939.10 7.29 SH eq.at the time of acquisition, IFRS 18,353.30 2.00 Allocated difference 48,585.80 5.29 Company logo 13,748.40 1.50 not written off Tenancy rights 22,325.00 2.43 5 years Franchise agreements 4,953.00 0.54 8 years Deferred tax liabilities 28% -11,487.40 -1.25 Goodwill 19,046.80 2.07 KEY INDICATORS 1-12/07 1-12/06 Turnover 74,570 32,819 Operating profit/loss 4,329 6,018 Profit/loss for the financial period 3,162 4,829 Earnings per share, EUR 0.32 0.91 Earnings per share, continued operations EUR 0.32 0.70 SH equity per share, EUR 3.85 3.64 SH equity per share, diluted, EUR 3.85 3.64 Solvency ratio 40.75% 6.20% Gearing (level of indebtedness) 78.54% 95.05% Balance sheet total 97,365 99,128 Average number of shares (1 share) 9,908,680 6,864,386 Interest-bearing net liabilities 31,155 34,113 CALCULATION OF KEY INDICATORS Earnings/share (EPS), EUR= (Earnings before extraordinary items - taxes) / Avg. number of shares adjusted for the share issue. Shareholders' equity/share, EUR= Shareholders' equity / Number of shares at the end of the review period Solvency ratio-%= (Shareholders' equity*100)/(Balance sheet total-advance payments received) Level of indebtedness (gearing)= (Interest-bearing liabilities-cash at bank) * 100/SH equity Interest-bearing net liabilities Interest-bearing liabilities - cash at bank SHAREHOLDERS On 31 December 2007, Tiimari Plc had a total of 2,596 shareholders. Major shareholders, 30 June 2007 % of shares Shares and voting rights Atine Group Oy 2,114,364 20.5 Assetman Oy 1,100,000 10.7 Baltiska Handels A.B. 455,224 4.4 Cumasa Oy 407,625 4.0 Varma Mutual Pension Insurance Company 375,000 3.6 Ilmarinen Mutual Pension Insurance Company 351,781 3.4 Nordea Bank Finland Oyj, administrative reg. 339,409 3.3 Pohjola Insurance Company 202,092 2.0 Troll Capital Oy 160,600 1.5 Edgar Holding Ab 154,440 1.5 Suomen Kauppayhtiöt Oy 125,000 1.2 AB Arapten 3858 110,314 1.1 Sonesson Thomas 110,314 1.1 Tapiola Suomi Mutual Fund 103,602 1.0 Arvo Finland Value Mutual Fund 100,000 1.0 Moneda Consulting Oy 87,500 0.8 Nordea Bank Finland Plc 66,100 0.6 Syrjänen Jaakko 61,875 0.6 Illi Kristina 60,000 0.6 EQ Pankki Oy 50,000 0.5 Turpeinen Urho 50,000 0.5 Ab Arapten 3861 44,126 0.4 Sonesson Peter 44,126 0.4 Jyväsjärvi Juha 35,000 0.3 Lamy Oy 32,625 0.3 All the future estimates and forecasts made here are based on the company's current vision of the market and economical developments. Actual events and results may differ considerably. Tiimari result for the first quarter in 2008 will be published on 19 May 2008. Kristina Illi Managing Director Distribution: Helsinki Stock Exchange Key media www.tiimari.com Further information: Managing Director Kristina Illi, tel. +358 (0)400 408 889
Tiimari records strong turnover and profit performance in the final quarter, the result of the entire year remaining slightly below expectations due to heavy expansion
| Source: Tiimari Oyj Abp