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Martela

0.90 EUR

0.00 %

4,372 following

MARAS

NASDAQ Helsinki

Home Products

Consumer Goods & Services

0.00 %
-8.54 %
-7.98 %
+19.68 %
+6.38 %
-7.02 %
-62.96 %
-65.12 %
-90.93 %

Martela designs, implements and maintains work environments. The product portfolio is broad and consists of chairs, sofas, tables, storage and other office accessories. In addition, a wide range of services are offered, including ergonomic guidance, office interior design, design, needs analysis and premises maintenance, as well as removal and recycling services. The company is headquartered in Helsinki.

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Market cap
4.18M EUR
Turnover
1.96K EUR
P/E (adj.) (25e)
EV/EBIT (adj.) (25e)
P/B (25e)
EV/S (25e)
Dividend yield-% (25e)
Coverage
Recommendation
Sell
Target price
Updated
12.11.2025
Disclaimer
Thomas Westerholm
Thomas Westerholm

Analyst

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Risk
Business risk
Valuation risk
Low
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Forum discussions
Yle had an interesting story about the Finnish furniture industry. Industry players accuse Martela’s competitor, Isku, of manipulating public procurement tenders and the state’s joint procurement company Hansel of silently condoning the matter. Last December, Isku was excluded from...
10/2/2025, 8:06 AM
by Thomas Westerholm
8
And here are the follow-up comments, or rather Thomas’s quick comments on the Q2 results. Inderes Martela Q2’25 -pikakommentti: Vahva suoritus kausiluonteisesti vaikealta... Martelan Q2-raportti oli odotuksiamme vahvempi, sillä liikevaihdon elpyminen ja kireä kulurakenne siivittiv...
8/13/2025, 8:05 AM
by Sijoittaja-alokas
2
Thomas has prepared a new company report on Martela after the Q3 results were released. Martela’s Q3 report fell short of our expectations due to weak development in new orders. However, supported by cost savings, the company improved its earnings level. In our view, the stock’s ...
11/13/2025, 6:09 AM
by Sijoittaja-alokas
1
Here are Thomas’s quick comments on the Q3 results. In Martela’s Q3 report, declining orders were the key surprise, leading to weaker revenue and profitability than our expectations. Driven by cost savings and an improved gross margin, the company was able to improve its profitability...
11/12/2025, 8:56 AM
by Sijoittaja-alokas
1
Thomas and Mikael chatted about Martela’s goings-on after Q2. Inderes Martela: Markkinan elpyminen mahdollistaa tuloskäänteen - Inderes Aika: 19.08.2025 klo 16.31 Heikkona jatkuneen toimistokalustemarkkinan elpymisen merkkejä on ilmassa, ja Martelan kannattavuus yllättikin positiivisesti...
8/19/2025, 2:22 PM
by Sijoittaja-alokas
1
Here is a company report from Thomas on Martela right after the company’s Q2 results. Martela’s Q2 revenue fell short of our expectations, but a tight cost structure boosted profitability to a stronger level than we anticipated. The company’s cost-saving programs seem to be impacting...
8/14/2025, 6:08 AM
by Sijoittaja-alokas
1
Here are Thomas’s preliminary comments as Martela publishes its Q2 results on Wednesday. Inderes Martela Q2’25 -ennakko: Odotuksissa huomattavaa kasvua, mutta... Edellisvuoden jälkipuoliskosta lähtien Martela on viestinyt kohdemarkkinan elpymisen merkeistä, josta ensimmäiset merkit...
8/11/2025, 5:49 AM
by Sijoittaja-alokas
1
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