Martela warns about its results: Turnover and profit will weaken

Office furniture company Martela gives a negative result warning. The company informs about it in a stock exchange release.

Martela Group’s turnover for the entire year 2024 is estimated to be approximately at the level of the previous year, and the turnover is estimated to end up at 91–97 million euros in 2024.

It is estimated that the operating result will remain slightly negative and the operating loss will end up at the level of 0.0–1.8 million euros.

Previously, Martela’s turnover for the entire year 2024 was estimated to increase compared to the previous year and the operating result to be positive.

According to Martela’s press release, the realization of the market pick-up is happening more slowly than previously expected, and some of the customer projects will be moved to the beginning of next year.