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Martela Oyj (MARAS.HE)

MARAS.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Martela withdraws its own sales ops in Poland and Russia
Thursday, 9 Jun 2016 04:00am EDT 

Martela Oyj : Says has sharpened its strategy and changed guidance . Says Nordic countries to be the core market area . Says will withdraw its own sales operations in Polish and Russian markets . Planned changes are estimated to cause maximum of 700,000 euros ($796,320) one-time costs . Changes to have employee impact; Martela to initiate consultation process in Poland and will follow local legislation on employee reductions in Russia . New guidance: 2016 revenue to decline slightly compared to previous year, operating result to remain at level of 2015 .Previous guidance: 2016 revenue and operating result to remain at 2015 level.  Full Article

Martela comments on FY 2016 guidance
Friday, 29 Apr 2016 01:30am EDT 

Martela Oyj:Anticipates that its revenue and operating result for FY 2016 will remain at previous year's level.Reported revenue of 132.8 million euros, operating loss 2.3 million euros for FY 2015.FY 2016 revenue 130 million euros-Thomson Reuters I/B/E/S.  Full Article

Martela says co-operation negotiations in Bodafors concluded
Monday, 11 Apr 2016 09:45am EDT 

Martela Oyj:Co-operation negotiations in bodafors concluded.Initiated negotiations on March 1, 2016 concerning employees of its Bodafors facility in Sweden.Says as a result of negotiations in Bodafors it has been decided to dismiss 16 employees.  Full Article

Martela Oyj treamlines supply chain, cuts jobs
Tuesday, 1 Mar 2016 08:00am EST 

Martela Oyj:To streamline supply chain.To improve efficiency of operations at Martela AB logistics centre in Bodafors.Planned measures target a 0.5 million euro reduction in annual costs​.Savings are part of 4.0 million euro savings programme announced in April 2015​.Negotiations may possibly lead to a maximum reduction of 17 people​.  Full Article

Martela ‍CFO Markku Pirskanen will leave company
Wednesday, 10 Feb 2016 03:00am EST 

Martela Oyj:‍CFO of Martela and member of the Group's management team, Mr. Markku Pirskanen, will leave his job​.Pirskanen will join another company ‍at the beginning of May.  Full Article

Martela Oyj provides outlook for FY 2016
Thursday, 4 Feb 2016 01:30am EST 

Martela Oyj:‍Anticipates that revenue and operating result in FY 2016 will remain at previous year's level​.  Full Article

Martela cuts expenses in Poland
Monday, 5 Oct 2015 06:35am EDT 

Martela Oyj:Will implement structural changes in Polish sales organization.Says planned actions will decrease yearly cost level of Martela Poland by about 0.5 million euros through lower personnel and other fixed expenses in 2016.Says aim is to reduce Group's costs by 4 million euros at annual level by end of 2016, such that these cost savings will take full effect in 2017.  Full Article

Martela Oyj: New CEO and Chairman of the Board
Thursday, 1 Oct 2015 02:00am EDT 

Martela Oyj:CEO Heikki Martela today begins as a Chairman of Board.Previous Chairman of Board Heikki Ala-Ilkka will continue as a board member.Matti Rantaniemi starts as a new CEO at Martela.  Full Article

Martela Oyj: Heikki Martela assumes position of Chairman of Board
Monday, 1 Jun 2015 02:00am EDT 

Martela Oyj:Matti Rantaniemi (engineer, MBA, born 1973) has been appointed managing director of Martela Corporation.Says at same time, Heikki Martela, current managing director, will assume position of Chairman of Board.Says Heikki Martela announced to Board of Directors that he will use his option to retire at age of 60 in 2016.  Full Article

Martela co-operation negotiations concluded; dismisses 15 persons
Tuesday, 19 May 2015 06:00am EDT 

Martela Oyj:Martela’s co-operation negotiations concluded.As a result of negotiations it has been decided to dismiss totally 15 persons.It has been also decided about possibility to temporarily lay-off maximum 90 days if needed.Says as a result of actions it is estimated that corporation's cost level will decrease about 1.2 million euros on annual level by end of year 2016.  Full Article