Martela Oyj A

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.

On May 17, 2024, Martela Plc announced a transaction involving its Chief Financial Officer, Henri Berg. The initial notification indicated that Berg subscribed to 15,000 shares at a unit price of 1.30 EUR. The transaction took place on May 16, 2024, on the XHEL venue. Martela Plc is a Nordic leader in user-centric working and learning environments.

Suvi-Maarit Kario, a senior manager at Martela Plc, has subscribed to 1500 shares at a unit price of 1.30 EUR on May 16, 2024. The transaction took place at XHEL. The notification type is an initial notification and the reference number is 743700M4EIEVD61PNN55_20240516144935_59. The ISIN code for the shares is FI0009900385. Martela Plc specializes in user-centric working and learning environments.

Martela Corporation has announced a new Performance-based Matching Share Plan for key employees, requiring participants to own and commit a certain number of the company's series A shares. To facilitate this, the Board has approved a share issue against payment, offering a maximum of 65,717 new series A shares for subscription to plan participants. The shares will be offered at a price of EUR 1.30 each, from 3 May to 12 May 2024. The Board has also decided to provide interest-bearing loans totalling up to 60,000 euros to help participants finance their share acquisitions. Participants in the previous share plan have the option to transfer their shares to the new plan and extend their loans to be repaid by 31 December 2027.