Martela Oyj A

Martela Corporation reported a decline in revenue and operating results for January-September 2024 compared to the same period in the previous year. Despite this, new orders increased by approximately 10% in the third quarter, particularly in Finland, Sweden, and Norway. The company's revenue for the third quarter was EUR 20.7 million, a 15.6% decrease from the previous year. The operating result for January-September 2024 was EUR -4.8 million, down from EUR -3.9 million the previous year. Martela anticipates its full-year 2024 revenue to be similar to 2023, at EUR 91-97 million, with a slightly negative operating result. CEO Ville Taipale noted market uncertainty and weak economic conditions earlier in the year, but observed signs of recovery in the third quarter. The company is focusing on flexible work environments and sustainability, with its "Workplace as a Service" concept gaining interest. The economic situation in the Nordic countries showed modest improvement in the third quarter, with increased demand for Martela's products and services. However, uncertainties remain due to geopolitical factors. Martela continues to develop its digital sales channels and remains committed to its strategic goals.

Martela Corporation announced on October 11, 2024, that Isku Inspira Oy has increased its ownership of Martela Corporation shares to over 10% following share transactions on October 10, 2024. This notification was made in compliance with the Finnish Securities Market Act. For further information, CFO Henri Berg can be contacted. Martela Corporation is a Nordic company specializing in user-centric work and learning environments, offering comprehensive solutions that integrate furniture and related services.

Martela Corporation announced that the growth in order intake, which began towards the end of the second quarter, has continued, with positive signals and stronger demand in key market areas. However, the market recovery is slower than anticipated, leading to some customer projects being postponed until early next year. Consequently, Martela has lowered its full-year revenue and profit forecast. The new guidance for 2024 anticipates revenue to be approximately at the previous year's level, ranging from EUR 91-97 million, and an operating loss between EUR 0.0-1.8 million. This contrasts with the previous guidance, which expected an increase in revenue and a positive operating result. Martela is a Nordic leader in user-centric working and learning environments, offering Martela Lifecycle solutions that combine furniture and related services.

Martela Corporation announced on September 18, 2024, that Isku Inspira Oy has increased its ownership to over 5% of Martela's share capital following share transactions on September 17, 2024. This notification was made in accordance with the Finnish Securities Market Act. For further information, contact CFO Henri Berg. Martela Corporation is a Nordic leader in user-centric working and learning environments, offering integrated furniture and related services.

Martela Corporation announced on September 18, 2024, that Isku-Yhtymä Oy's ownership of Martela Corporation shares has decreased below 5% and 10% of the share capital, following share transactions on September 17, 2024. The notification was made in accordance with the Finnish Securities Market Act. For further information, CFO Henri Berg can be contacted. Martela Corporation specializes in user-centric working and learning environments and offers Martela Lifecycle solutions, which integrate furniture and related services.

Martela Corporation's half-year report for January-June 2024 indicates a decrease in both revenue and operating loss compared to the same period in the previous year. Despite a continued negative operating profit in April-June 2024, the company anticipates an increase in revenue and a positive operating result for the full year 2024. CEO Ville Taipale noted market uncertainty and weak economic development in the Nordic countries, though there were signs of improving customer demand towards the end of the second quarter. Revenue for the second quarter increased by 8.3% year-over-year to EUR 21.0 million, while first-half revenue was EUR 41.2 million, a 5.2% decrease from the previous year. New orders dropped by 15% in the second quarter compared to the previous year, with increases in Sweden but decreases in Finland, Norway, and other regions. The operating loss for the second quarter was EUR -1.6 million, improved from EUR -2.9 million the previous year, due to higher revenue and better productivity. The first half operating loss was EUR -3.8 million, an improvement from EUR -4.8 million the previous year. Strikes and structural changes in Finland, Sweden, and Norway affected results. The company expects increased demand for its products due to changes in work environments and emphasizes the importance of corporate responsibility and the circular economy. Martela continues to develop its "Workplace as a Service" concept and digital sales channels. The economic outlook for the Nordic countries remains uncertain, with cautious customer purchasing decisions. No briefing will be held, but CEO Ville Taipale and CFO Henri Berg are available for additional information by telephone. Martela specializes in user-centric working and learning environments and offers Martela Lifecycle solutions.

The Chief Executive Officer of Martela Plc, Ville Taipale, has made an initial notification of a transaction involving the subscription of 13066 shares at a unit price of €1.30. The transaction took place on 16th May 2024. The notification was distributed via Nasdaq Helsinki and other main news media.

Kimmo Hakkala, a senior manager at Martela Plc, has made an initial notification of a transaction involving the subscription of 11,538 shares at a unit price of 1.30 EUR. The transaction took place on May 16, 2024. The notification was distributed via Nasdaq Helsinki and other main news media. Martela Plc is a Nordic leader specializing in creating user-centric working and learning environments.