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Last €2.98 EUR
Change Today +0.02 / 0.68%
Volume 1.8K
MARAS On Other Exchanges
As of 11:30 AM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

martela oyj (MARAS) Snapshot

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52 Week High
11/25/14 - €3.65
52 Week Low
12/22/14 - €2.84
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martela oyj (MARAS) Details

Martela Oyj designs and supplies furniture for offices, public spaces, schools, and welfare environments in Finland, Sweden, Norway, Poland, Russia, Denmark, Estonia, the Netherlands, and Japan. The company offers seating products, including task chairs, universal chairs, conference chairs, stools/benches, easy chairs/sofas, pupils’ chairs, and welfare chairs; tables, such as desks, conference tables, tables/sofa tables, and pupils’ tables/desks; and storage products consisting of cabinets, pedestals, and shelving systems. It also provides space dividers/screens, phone booths, and meeting modules; accessories, such as acoustic products, coat racks, CPU holders, table shelves, table screens, lighting products, monitor arms, front panels, and sorters; storage accessories, including binder supports, CD holders, filing cassettes, filing frames, filing trolleys, pen trays, posting trays, and pull out shelves; and wire accessories comprising cable channels, cable collectors, cable half pipes, office power clamps, power outlets, power outlet and holders, and wire baskets and holes, as well as other products consisting of av-products, coat racks, go bags, and sorters. In addition, the company offers workplace specification, furniture inventory, layout planning, space and interior design, removals, financing, fixed assets management, project management, redecorating, martela dynamic workplace utilization, delivery and assembly, repair, ergonomic adjustments and user guidance, warehousing, and recycling services. Martela Oyj sells its products through its 27 sales centers in Finland; and through dealers internationally, as well as through its sales and showroom facilities in Stockholm and Bodafors, Sweden, and Oslo, Norway. The company was founded in 1945 and is headquartered in Helsinki, Finland.

649 Employees
Last Reported Date: 04/29/15
Founded in 1945

martela oyj (MARAS) Top Compensated Officers

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Executives, Board Directors

martela oyj (MARAS) Key Developments

Martela Corporation Announces Executive Changes, Effective 1 October 2015

Matti Rantaniemi has been appointed Managing Director of Martela Corporation, which specialises in developing work environments, as of 1 October 2015. At the same time, Heikki Martela, the current Managing Director, will assume the position of Chairman of the Board. Heikki Martela announced to the Board of Directors that he will use his option to retire at the age of 60 in 2016. He will continue in the company’s service for approximately six months. The current Chairman Heikki Ala-Ilkka, will become a Board member when Heikki Martela assumes the duties of Chairman of the Board.

Martela Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

Martela Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of EUR 26.664 million against EUR 34.080 million a year ago. Operating loss was EUR 1.301 million against EUR 1.375 million a year ago. Loss before taxes was 1.450 million against EUR 1.538 million a year ago. Loss for the period allocation to equity holders of the parent was EUR 1.468 million or EUR 0.36 per basic and diluted share against EUR 1.510 million or EUR 0.37 per basic and diluted share a year ago. Net cash from operating activities was EUR 1.425 million against EUR 2.767 million a year ago. Capital expenditure on tangible and intangible assets was EUR 0.297 million against EUR 0.676 million a year ago. Return on investment was 15.1% against 15.0% a year ago. Return on equity was 30.1% against 29.1% a year ago. For the year 2015, the company anticipates that its revenue in 2015 will remain at the previous year's level or slightly decrease. The group's operating result is estimated to show a slight year-on-year improvement. The group's operating result is weighted towards the second half of the year due to normal seasonal variation, and this weighting was further emphasized by the timing of larger projects during 2015.

Martela Corporation Integrate its Business Unit Poland into Business Unit International

Martela Corporation announced that it has decided to integrate its Business Unit Poland into Business Unit International. Business Unit International previously included Martela's operations in Russia and exports to countries where Martela does not have a subsidiary. After the changes have been made, Business Unit International will consist of Martela's sales operations in Poland and Russia as well as exports. The unit will be headed by Veli-Matti Savo, who previously served as Director of Business Unit International. He will also continue to be responsible for the Martela Group's marketing. Marcin Rutkowski, current Director of Business Unit Poland, will continue in his position and report to Veli-Matti Savo. The organizational change will take effect on May 1, 2015.


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