MARTELA CORPORATION Stock exchange release 30 November 2012 at 10.00 a.m.
MARTELA’S DANISH OPERATIONS WILL BE REORGANIZED
The operations of Martela A/S, which is Martela’s Danish subsidiary, will be transferred during the first quarter of 2013 to the local authorized distributor. Martela will concentrate on offering good service for it’s key customers through local authorized distributor. By transferring the operations Martela aim to have more cost efficient operating model in Denmark. Due to the arrangement Martela Group’s amount of the personnel in Denmark will be decreased by eight person and the costs of the action, estimated to be 0.4 million euros, will be booked to the final accounts of 2012.
MARTELA CORPORATION
Heikki Martela
Managing Director
Additional information
Martela Corporation
Heikki Martela, Managing Director, tel +358 50 502 4711
Veli-Matti Savo, Director, Business Unit International, tel +358 400 688 535
Markku Pirskanen, CFO, tel +358 40 517 4606
Distribution
NASDAQ OMX Helsinki
Main news media
www.martela.com
