Preliminary information on 2021 sales and operating profit for Martela

Based on the unaudited preliminary financial statements for 2021, Martela’s revenue did not reach the level published in the outlook for 2021 on February 5, 2021.

Based on the 2021 preliminary unaudited financial statements, revenue improved slightly and operating profit improved compared to the previous year. The turnover amounted to approximately 92 million euros (88.4) and the operating result to approximately -1.5 million euros (-4.0).

Fourth quarter 2021 revenue and operating profit improved significantly compared to the same period last year. Fourth quarter revenue was around 29 million euros (21.9) and operating profit was around 1.2 million euros (-2.2).

In the fourth quarter, sales did not reach the expected level. This was the result of a global shortage of materials due to the corona pandemic, which resulted in delays in project deliveries. In addition, the company had to write off around 0.5 million euros in receivables due to the bankruptcy of the company’s former financial partner.

Previous outlook for 2021: The Martela Group expects its revenue and operating profit in 2021 to improve compared to the previous year. Traditionally, the Group’s operating income is accumulated during the second half of the year.

Martela will publish its January-December 2021 financial statements on February 11, 2022.

Martela Oyj

City of Taipale
CEO

Additional information
Ville Taipale, CEO, +358 50 557 2611
Kalle Lehtonen, CFO, +358 400 539 968

Distribution

Nasdaq OMX Helsinki

The main news media

www.martela.com

Our strategic direction is defined by our “Better Work” mission and our “People-Centered Workplaces” vision. Martela provides user-centric workplaces where users and their well-being are what matters most. We focus on the Nordic countries because, based on our culture and common needs for open working, the Nordic countries are leaders in hybrid workplaces.

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