Latest news with #MartelaCorporation
Yahoo
30-04-2025
- Business
- Yahoo
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 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.
Yahoo
13-03-2025
- Business
- Yahoo
Martela Corporation's Annual Report 2024 published
Martela Corporation, Annual Financial Report, 13.3.2025 at 10.00 Corporation's year 2024 Board of Directors' Report, Financial Statements, Auditor's report, Corporate Governance Statement and Remuneration report has been published today. All of the above statements are attached to this release as PDF and XHTML files and are also available on Martela's website They are available in Finnish and English. The Financial Statements in accordance with European Single Electronic Format (ESEF) reporting requirements are published in Finnish and English. In line with the ESEF requirements, the primary financial statements, notes and the company's identification data have been labelled with iXBRL tags. The audit firm Ernst & Young Oy has provided an independent auditor's reasonable assurance report on the ESEF Financial CorporationHenri BergCFOtel. +358 40 836 5464DistributionNASDAQ HelsinkiMain news 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. Attachments Remuneration Report 2024 743700M4EIEVD61PNN55-2024-12-31-en Martela_Annual_Report_2024Sign in to access your portfolio
