MARTELA CORPORATION STOCK EXCHANGE RELEASE 9 JAN 2019 AT 11.00 A.M.
Martela Group lowers its revenue and operating result guidance for 2018. Revenue in the fourth quarter did not develop as previously estimated and this will impact negatively on the full year revenue and operating result. Revenue was mainly impacted by unclarity in the public sector in Finland because of the prolonged contract negotiations. Impact was materially shown in December sales, which traditionally has been stronger than in other months.
NEW GUIDANCE FOR 2018
Martela Group anticipates that its 2018 revenue and operating result will decrease compared to the previous year.
PREVIOUS GUIDANCE FOR 2018
Martela Group anticipates that its 2018 revenue and operating result will remain on the same level compared to the previous year.
Revenue for January-December 2017 was EUR 109.5 million and operating result EUR 0.3 million.
Martela will publish its January-December 2018 financial statements on 5 February 2019.
Martela Corporation
Matti Rantaniemi
CEO
Further information
CEO Matti Rantaniemi, tel + 358 50 465 8194
CFO Kalle Lehtonen, tel + 358 40 053 9968
Our strategic direction is defined by our mission “Better working” and our vision “People-centric workplaces”. Martela provides people centric workplaces where the users and their wellbeing are in the core. We will focus on the Nordic countries, as the Nordic countries are forerunner in hybrid working environments with common open work culture background and needs.
Distribution
NASDAQ Helsinki
Main news media
www.martela.com