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Martela

0.56 EUR-2.11 %25.9, 17.29
4,451 following

MARAS

NASDAQ Helsinki

Home Products

Consumer Goods & Services

Overview
Financials & Estimates
Dividend
Investor views
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-2.11 %
+19.06 %
+8.59 %
-5.12 %
-22.78 %
-40.98 %
-62.81 %
-77.02 %
-94.40 %

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
2.58M EUR
Turnover
179.05 EUR
P/E (adj.) (26e)
-0.57
EV/EBIT (adj.) (26e)
-9.2
P/B (26e)
-0.48
EV/S (26e)
0.32
Dividend yield-% (26e)
-
Coverage
Recommendation
Sell
Target price
0.30 EUR
Updated
13.08.2026
Disclaimer
Thomas Westerholm
Thomas Westerholm

Analyst

Latest research

Latest analysis report

Released: 13.08.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
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Forum discussions
I wrote a bit more extensively on Substack. karohmlinen.substack.com Martela vetää tuolin vähemmistöomistajien alta Toimistokalustevalmistaja pyyhkii pöytää sijoittajilla poikkeuksellisen röyhkeästi.
9/22/2026, 6:45 AM
by Karo Hämäläinen
10
Large share issue. And the directed issue is executed at a reasonable price, without crushing the price level. I don’t own Martela, but hopefully this financing gives enough time to fix the company’s profitability issues, and it’s great that bold investors can be found to finance...
9/8/2026, 2:08 PM
by Farseer
9
I stepped in to stunt double for Thomas while he’s on vacation At least to my eyes, the arrangement seems smart and gives Martela a genuine opportunity to turn the company around. Furthermore, merging the share classes is a really positive move, as it will surely improve the execution...
9/9/2026, 5:01 AM
by Sauli Vilen
5
@Karo_Hamalainen has shared his thoughts on Martela’s share issue. https://x.com/KaroHamalainen/status/2101324315048243268
9/19/2026, 3:51 PM
by Sijoittaja-alokas
4
A few thoughts from me, as it’s easier to share a stream of consciousness here than in reports. Quick relief is unlikely to come from rapidly growing demand, so in the context of the office furniture market, my focus is more on the supply side. When Isku Interior was in poor shape...
7/13/2026, 8:01 AM
by Thomas Westerholm
4
It looks like the ownership of current Class A shareholders who are not included in the directed share issue will be diluted by about 80%, if I calculated it quickly. Of course, relative voting power improves slightly, if that’s any comfort to the owners. Facts in a nutshell: Class...
9/8/2026, 7:26 AM
by Musti
3
In Kuopio, Kuopion Woodi has expanded its production. Woodi mainly sells furniture to schools and kindergartens. Likely one successful competitor.
7/12/2026, 1:51 AM
by viljo
2
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
29.9
2026

Extraordinary general meeting '26

11.11
2026

Interim report Q3'26

Martela: Isku kræver særlig granskning af planlagt emission
Analyst Comment17.09.2026, 07.16 by
Thomas Westerholm

Martela: Isku kræver særlig granskning af planlagt emission

Isku Inspira Oy, som ejer over 10 % af Martelas aktier, har krævet indkaldelse til en ekstraordinær generalforsamling med henblik på at foretage en særlig granskning i selskabet. Kravet retter sig især mod forberedelsen af Martelas nyligt offentliggjorte rettede aktieemission.

Martela
Regulatory press release16.09.2026, 15.30

INSIDE INFORMATION: Martela has received a demand from Isku Inspira Oy for convening an extraordinary general meeting to consider carrying out a special audit

Martela
Martela planlægger en betydelig fortegningsemission samt sammenlægning af aktieklasser
Analyst Comment09.09.2026, 06.30 by
Sauli Vilén

Martela planlægger en betydelig fortegningsemission samt sammenlægning af aktieklasser

Med store ankerinvestorer om bord er emissionen i praksis garanteret, hvilket giver selskabet det afgørende spillerum til at fremskynde resultatudviklingen.

Martela

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Regulatory press release08.09.2026, 08.35

NOTICE CONVENING THE EXTRAORDINARY GENERAL MEETING OF MARTELA CORPORATION

Martela
Regulatory press release08.09.2026, 08.30

INSIDE INFORMATION: Martela is planning a directed share issue of EUR 5–8 million and the combination of its share series

Martela
Martela Q2'26: Ryglænet er under pres
Research13.08.2026, 07.47 by
Thomas Westerholm

Martela Q2'26: Ryglænet er under pres

Martelas kraftigt faldende omsætning udvandede resultatet for det sæsonmæssigt svage 2. kvartal. Genopretningen af markedet for kontormøbler lader vente på sig, og selskabet sænkede sine forventninger til indeværende år på regnskabsmeddelelsedagen.

Martela
Regulatory press release12.08.2026, 14.00

Johan Westerlund appointed Chief Transformation Officer of Martela Corporation and member of the Group Management Team

Martela
Martela Q2'26 - kort kommentar: Et afkølet marked trak omsætningen med sig ned
Analyst Comment12.08.2026, 08.15 by
Thomas Westerholm

Martela Q2'26 - kort kommentar: Et afkølet marked trak omsætningen med sig ned

Martelas Q2 regnskab viste et endnu kraftigere fald i omsætningen end forventet, hvilket førte til en sænkning af forventningerne.

Martela
Regulatory press release12.08.2026, 07.00

Martela Corporation's Half Year Report 1 January - 30 June 2026

Martela
Regulatory press release12.08.2026, 06.40

Martela lowers its 2026 revenue and result guidance

Martela
Martela Q2'26 preview: Engangsgevinst fra frasalg kompenserer for det operationelle resultat
Analyst Comment06.08.2026, 06.00 by
Thomas Westerholm

Martela Q2'26 preview: Engangsgevinst fra frasalg kompenserer for det operationelle resultat

Vi forventer, at kvartalstallene fortsat afspejler et vanskeligt markedsmiljø, hvilket trækker omsætningen og det operationelle resultat markant ned i forhold til den stærke sammenligningsperiode.

Martela
Regulatory press release04.06.2026, 11.00

Changes in Martela’s Group Management Team

Martela
Martela: Flyttebyrden lettede, balancens byrde forbliver
Research03.06.2026, 08.12 by
Thomas Westerholm

Martela: Flyttebyrden lettede, balancens byrde forbliver

Vi har taget højde for salget af Martelas flytteserviceforretning i vores estimater, hvilket har løftet vores rapporterede resultatestimat for indeværende år, men sænket de operationelle estimater.

Martela
Regulatory press release01.06.2026, 12.00

Completion of the sale of the moving services business to Niemi Palvelut Oy

Martela
Analyst Comment26.05.2026, 06.11 by
Thomas Westerholm

Tilbage til Martela: Ala-Nikkola tager roret

Udskiftningen af CEO'en var ikke en stor overraskelse i lyset af Martelas udvikling de seneste år.

Martela
Regulatory press release25.05.2026, 13.15

Martela’s CEO changes

Martela
Martela sælger sin flytteservice – salgsgevinst på 1 MEUR understøtter en stram balance
Analyst Comment19.05.2026, 06.35 by
Thomas Westerholm

Martela sælger sin flytteservice – salgsgevinst på 1 MEUR understøtter en stram balance

De frigjorte midler fra frasalget af forretningsområdet vil give selskabet en kritisk lettelse af den stramme balancesituation.

Martela
Regulatory press release18.05.2026, 12.00

Martela Corporation: Martela continues to focus on its core business and sells its moving services business. Update to revenue guidance.

Martela
Regulatory press release13.05.2026, 16.30

Changes in Martela’s management team

Martela
Martela Q1'26: Siddepladserne svinder ind
Research13.05.2026, 07.00 by
Thomas Westerholm

Martela Q1'26: Siddepladserne svinder ind

Kvartalets ordreindgang og kommentarer til Q2 var dog mere forsigtige end vores forventninger, hvilket resulterede i, at vi sænkede vores estimater en smule.

Martela