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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 unit Kidex temporarily cuts 36 jobs
6:00am EDT 

MARTELA OYJ : KIDEX OY HAS CONCLUDED THE CONSULTATIONS WITH THE EMPLOYEE REPRESENTATIVES .KIDEX TEMPORARILY LAYS OFF 36 EMPLOYEES AT A MAXIMUM BETWEEN 12 APRIL 2017 AND 30 APRIL 2018..  Full Article

Martela: Kidex might lay off up to 36 employees
Thursday, 9 Mar 2017 06:00am EST 

Martela Oyj : Subsidiary Kidex plans flexibility in its organization to adjust to demand fluctuations of production .Estimates that planned changes might result in lay-offs having impact on 36 employees at most.  Full Article

Martela Q4 operating profit flat at EUR 2.1 million
Friday, 3 Feb 2017 01:30am EST 

Martela Oyj : Q4 revenue 34.3 million euros ($37 million) versus 37.5 million euros year ago . Q4 operating profit 2.1 million euros versus 2.1 million euros year ago . Anticipates that 2017 revenue and IFRS operating result will remain on 2016 level. .Will propose to AGM that a dividend of 0.37 euro per share be distributed for 2016..  Full Article

Martela Q3 operating profit up at EUR 3.6 million
Tuesday, 1 Nov 2016 02:30am EDT 

Martela Oyj : Q3 revenue 35.2 million euros ($38.6 million) versus 38.7 million euros year ago . Q3 operating profit 3.6 million euros versus 3.0 million euros year ago .Outlook for 2016 has not changed.  Full Article

Martela keeps 2016 guidance; gives longer term guidance
Thursday, 22 Sep 2016 03:00am EDT 

Martela Oyj : Organization change and financial guidance inspired by the new strategy . Year 2016 guidance remains same .Longer term guidance: financial target to reach 8 pct operating result level without extraordinary items during 2018.  Full Article

Martela Q2 operating profit rises to EUR 0.6 million
Tuesday, 9 Aug 2016 01:30am EDT 

Martela Oyj : Q2 revenue 31.9 million euros ($35.3 million) versus 30.0 million euros year ago . Q2 operating profit 0.6 million euros versus 0.2 million euros year ago . Sees 2016 revenue to slightly decline compared to previous year .Sees 2016 IFRS operating result to remain at level of 2015..  Full Article

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

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