Martela's plans to improve the efficiency of its operations and removal services are proceeding
Martela Corporation, inside information, 30.4.2025, at 12:00
Martela announced on January 3, 2025, that it will begin plans to enhance and reorganize its operations to mitigate the adverse effects caused by the market situation and to adjust its cost structure to align with prevailing conditions. On February 17, 2025, the company announced the progress of plans related to administration streamlining, reorganization, and the reduction of fixed costs. At the same time, the company stated that it would continue planning the optimization of operations and removal services.
The plans to improve the efficiency of operations and removal services are nearing completion. The anticipated efficiency and personnel savings from these measures are estimated to amount to approximately EUR 0.5-0.7 million annually, and partly the savings are to be realized in 2025 and with full effect in 2026. According to preliminary estimates, the planned measures will lead to a permanent reduction of about 30 jobs, and affecting the Group personnel in Finland. The plans also involve continued closer cooperation with external service providers. Martela has been in close negotiations regarding the changes with its staff and employee representatives.
In addition to cost savings, the company continue to enhance the optimization of working capital.
"Martela's financial performance has not been satisfactory, and the market situation in the industry has been very challenging in recent years. Therefore, the planned adjustment measures are necessary to ensure our competitiveness and reduce our cost structure. The ongoing economic recovery still includes uncertainties," states CEO Ville Taipale.
Martela Group employs approximately 350 people in Finland, Sweden, Norway, and Poland.
Martela Oyj
Ville Taipale
CEO
Further information:
CEO, Ville Taipale, tel. +358 50 557 2611
VP, People and Sustainability, Suvi-Maarit Kario, tel. +358 40 356 4618
CFO, Henri Berg, tel. +358 40 836 5464
Distribution:
NASDAQ Helsinki
Main news media
www.martela.com
Martela is a Nordic leader specialising in user-centric working and learning environments. We create the best places to work and offer our customers the Martela Lifecycle solutions which combine furniture and related services into a seamless whole.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Insider information: Carl Haglund appointed as Chief Executive Officer of Aktia Bank Plc
Aktia Bank PlcInsider information12 June 2025 at 9.30 a.m. HELSINKI, June 12, 2025 /PRNewswire/ -- Aktia's Board of Directors has appointed (Econ.) Carl Haglund as the new Chief Executive Officer of Aktia Bank Plc. Carl Haglund will join Aktia no later than in September 2025 as a designated key person in a senior executive role and will assume the CEO position after completing an induction programme. In connection with the appointment, Carl Haglund steps down from the Board of Directors of Aktia with immediate effect. The Board of Directors will continue to operate without other changes to its composition. The Board of Directors has simultaneously appointed Anssi Huhta, currently EVP of Banking Business at Aktia, as interim CEO until Carl Haglund's induction period ends. The Board of Directors of Aktia and the current CEO Aleksi Lehtonen have decided by mutual agreement that Lehtonen will leave his position today. Carl Haglund has served as CEO of Veritas for the past three years. Prior to that, he held senior leadership roles at Accenture's Nordic banking and insurance business, served as CEO of bioenergy company Sunshine Kaidi New Energy Group, and held positions as Member of the Finnish Parliament, Finland's Minister of Defence and Member of the European Parliament. He has also served on the Board of Directors of eQ, among others. The Board believes that Carl Haglund's broad experience will bring precisely the energy and momentum required to deliver on the company's updated strategy, announced in February, in the current rapidly evolving market environment. "We are very pleased to be able to welcome Carl Haglund as the new CEO of Aktia. He is a visionary and versatile leader with a proven track record in both creating a growth culture and leading growth-oriented transformation with strong results. Carl has a deep understanding of the company and he was involved in shaping our current strategic direction and growth programme, which Aktia is already implementing," says Matts Rosenberg, Chairman of the Board of Aktia. Carl Haglund will join Aktia no later than September 2025, entering a comprehensive induction programme. The exact duration of the onboarding and the start date of his CEO tenure will be confirmed at a later stage. The induction program is standard practice in the financial sector and its purpose is to ensure that Carl Haglund meets the regulatory fit & proper requirements. During the induction programme, Carl Haglund will serve in a designated key executive role at Aktia. Matts Rosenberg, Chairman of the Board of Aktia: "Aktia's goal is to democratise wealth management and become Finland's leading wealth manager. Aktia's Board is confident that Carl Haglund has the ability to take Aktia forward into the next stage of development. Throughout the different phases of his career, he has demonstrated the ability to lead transformation and profitable growth in an inspiring way. I would also like to warmly thank Aleksi Lehtonen on behalf of the Board of Directors and all employees of Aktia for his valuable contribution to the development and launch of the updated strategy, as well as the initiation of the acceleration programme. With his experience, he has taken Aktia to the next level. I wish Aleksi all the best for the future." Carl Haglund: "Aktia has a clear and ambitious strategy, with the aim to become a leading wealth manager empowered by a strong banking heritage. Aktia combines strong banking, life insurance and asset management operations with personalised service, which creates a strong foundation for growth. A new, skilled leadership team is already executing the recently launched Momentum growth programme. I look forward to accelerating the implementation of the strategy together with all the talented professionals at Aktia. The world and the economic landscape are evolving rapidly, and reaching our goals will require determined and collaborative effort." Carl Haglund's appointment is conditional on the Financial Supervisory Authority not having any objections to the appointment. Aktia Bank Plc Board of Directors Further information:Matts Rosenberg, Chairman of the BoardMia Smeds, Communications Director, Tel. +358 44 546 0379, Email (at) Distribution:Nasdaq Helsinki LtdMass Aktia is a Finnish asset manager, bank and life insurer that has been creating wealth and wellbeing from one generation to the next for 200 years. We serve our customers in digital channels everywhere and face-to-face in our offices in the Helsinki, Turku, Tampere, Vaasa and Oulu regions. Our award-winning asset management business sells investment funds internationally. We employ approximately 850 people around Finland. Aktia's gross assets under management (AuM) on 31 March 2025 amounted to EUR 15.7 billion, and the balance sheet total was EUR 12.0 billion. Aktia's shares are listed on Nasdaq Helsinki Ltd (AKTIA). This information was brought to you by Cision The following files are available for download: Insider information: Carl Haglund appointed as Chief Executive Officer of Aktia Bank Plc Carl Haglund View original content: Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Business Upturn
an hour ago
- Business Upturn
KN Energies signs Grant Agreement with the European Commission
By GlobeNewswire Published on June 12, 2025, 11:00 IST International energy terminal operator AB KN Energies (hereinafter – KN, the Company) has signed a Grant Agreement with the European Commission to conduct technical and commercial studies for a planned CO2 terminal in Klaipėda. The terminal is a part of the CCS Baltic Consortium's cross-border carbon dioxide (CO2) capture, transport and storage value chain currently under development across Lithuania and Latvia. Under the agreement, The European Commission will contribute more than EUR 3 million for the CO2 terminal in Klaipėda technical and commercial studies from the Connecting Europe Facility programme for Energy (CEF). The EU will co-finance 50% of the study costs. The funding will support technical, commercial, and environmental assessments, enabling a Final Investment Decision (FID) by the end of 2027. The CO₂ terminal is expected to begin commercial operations in 2030. The CCS Baltic Consortium, coordinated by the Company, aims to create the first integrated carbon capture, transport, and storage (CCS) value chain in the Baltic region. In recognition of its strategic cross-border importance, the project was granted Project of Common Interest (PCI) status by the European Commission at the end of 2023, making it eligible for CEF funding. Formed in 2022, the CCS Baltic Consortium currently includes Akmenės Cementas AB, KN Energies AB, Larvik Shipping AS, Mitsui O.S.K. Lines, Ltd., and SCHWENK Latvija SIA. The consortium also collaborates with gas transmission system operators Amber Grid (Lithuania) and Conexus Baltic Grid (Latvia) to assess CO₂ transportation via onshore pipeline the consortium remains open to the participation of other regional emitters. Tomas Tumėnas, Chief Financial Officer, +370 46 391772 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Business Wire
2 hours ago
- Business Wire
Patron Capital Secures Major Investment From Mitsubishi Estate to Accelerate European Growth and Expand Into New Subsectors
LONDON--(BUSINESS WIRE)--Patron Capital ('Patron'), the pan-European institutional investor focused on property-backed investments, has secured a major investment from Mitsubishi Estate Co., Ltd. ('MEC'), through its Mitsubishi Estate Global Partners ('MEGP') investment management business. MEGP is purchasing a majority stake in Patron, as well as providing €600 million in the form of equity commitments to Patron's funds and financing for new subsector strategies including real estate credit. Approximately 57% of Patron's capital over the past 25 years and 63% of capital raised for its most recent €964 million fund launched in 2024 has come from US investors, including pension funds, endowments, foundations and family offices. The transaction, which is subject to regulatory consents, is part of a long-term strategic growth plan for Patron, providing new institutional backing and positioning the business positively for sustainable growth well into the future. Keith Breslauer, Patron's founder and managing director, and the team of senior partners will continue to manage Patron's operations and lead the business for the long term, retaining a significant minority equity stake. As well as new capital for growth, MEC's investment will provide Patron with access to a broader pool of investors through MEGP and support the expansion of Patron's fund and product offerings while continuing to nurture its entrepreneurial culture. Patron is targeting strategic growth areas across private European real estate markets, including in the opportunistic investing space, where it has a 26-year track record, as well as across multiple new subsectors and asset classes where recent market adjustments and structural macroeconomic trends are presenting compelling new long-term risk-adjusted opportunities. Patron's experienced senior management team and operational expertise, combined with MEC's support, enable Patron to identify and deliver on these opportunities. For example, Patron recently announced the launch of its real estate credit business, as elevated interest rates and constrained traditional lenders have created a need for private lenders with real estate expertise to fill funding gaps facing borrowers. MEGP also sees attractive long-term investment opportunities across Europe's private real estate markets and has identified Patron as an ideal partner to offer investors access to these, recognising the longevity of Patron's senior team and its exceptional track record of consistently delivering top-quartile double-digit returns across its flagship Western European opportunistic strategy. Patron works with many of the world's leading pension funds, endowments, foundations and family offices. MEC is one of Japan's largest, listed real estate developers with a market capitalisation of $23.06 billion USD (€20.22 billion EUR) as of 06 June 2025. MEC is strategically growing its MEGP real estate investment management business globally, including through its subsidiary platforms in the United States, Europe, Japan and Asia-Pacific. Both firms have an agile, entrepreneurial approach and aim to deliver social benefits alongside exceptional returns. Keith Breslauer, Managing Partner and Founder of Patron Capital, said: 'In the 25 years since Patron was founded, we have worked successfully through many cycles, building a high-calibre team across Europe and using our deep relationships and skillset to access opportunities and drive market-leading returns. This significant investment from MEC, particularly as a leading property investor and developer, is a strong endorsement of our success and is the next step in our predefined growth plan to take the business to the next level and position it for sustainable, long-term growth. 'MEC has an exceptional history spanning over 130 years as a real estate developer and investor with a long-term strategic vision, goals and objectives that are aligned with ours in every way. From a focus on social impact and serving communities, to supporting people to create an entrepreneurial culture, and responding quickly to changing investment contexts, these are two organisations with shared values and proven longevity that have been built on the same approach. We are excited to work with MEC following this investment that will accelerate our growth and deliver significant benefits to our staff and investors.' Patron's current and previous funds opportunistically target distressed and undervalued investments, directly or indirectly related to property, across Western Europe. In 2024, it closed its seventh flagship fund, Patron Capital, L.P. VII ('Fund VII'), raising in excess of €970 million during a period of declining real estate private equity fundraising, with a high proportion of capital coming in the form of re-ups from Patron's longstanding investors. Notes to Editors About Patron Capital Partners Patron represents approximately €5.3 billion of capital raised across several funds and related co-investments, investing in property, corporate operating entities whose value is primarily supported by property assets and distressed debt and credit related businesses. Since it was established in 1999, Patron has undertaken more than 200 transactions across 114 investments and programs involving over 9 million square metres in 17 countries, with many of these investments realised. Investors represent a variety of sovereign wealth funds, prominent universities, major institutions and private foundations located throughout North America, Europe, Asia and the Middle East. The main investment adviser to the funds is Patron Capital Advisers LLP, which is based in London, and Patron has other offices across Europe including Barcelona and Luxembourg; the group is comprised of 63 people, including a 40-person investment team. Further information about Patron Capital is available at
