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Martela

0.48 EUR-0.21 %17.8, 17.29
4,428 following

MARAS

NASDAQ Helsinki

Home Products

Consumer Goods & Services

Overview
Financials & Estimates
Dividend
Investor consensus
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-0.21 %
-4.43 %
+11.50 %
-34.03 %
-34.03 %
-48.37 %
-71.56 %
-82.34 %
-95.21 %

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.

Read more
Market cap
2.2M EUR
Turnover
701.35 EUR
P/E (adj.) (26e)
-0.49
EV/EBIT (adj.) (26e)
-9.05
P/B (26e)
-0.41
EV/S (26e)
0.31
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
Valuation risk
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Forum discussions
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
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
Ugh, we are well and truly in the famous stock market trash bin here. Practically speaking, you have an exceptionally binary investment case. If the company doesn’t turn around, the stock has virtually no value, and if it does turn around, a share price of €1 – €1.50 can genuinely...
7/11/2026, 10:06 PM
by Pohjolan Eka
2
Could @Pohjolan_Eka give us an in-depth analysis of this shop? The market cap is approaching two million while the revenue is on the better side of 70 million. A fantastic company? Naah. An outcast that might one day manage to sell a few products at a profit? Maybe
6/18/2026, 8:12 AM
by katuviisas
2
And here is also a company report from Thomas for you Martela’s sharply declined revenue undermined the results of a seasonally weak Q2. The recovery of the office furniture market is taking longer than expected, and the company lowered its guidance for the current year on the day...
8/13/2026, 6:02 AM
by Sijoittaja-alokas
1
Here are Thomas’s comments on Martela’s Q2 results Martela’s Q2 report showed an even stronger decline in net sales than anticipated, which led to a lowering of the guidance. Despite the sharp drop in net sales, the company’s operating profitability remained at a surprisingly good...
8/12/2026, 8:16 AM
by Sijoittaja-alokas
1
Thomas has written a new research report on Martela following the latest news. We have incorporated the sale of Martela’s removal services business into our forecasts, which raised our reported earnings forecast for the current year but lowered our operational forecasts. In our view...
6/3/2026, 8:57 AM
by Sijoittaja-alokas
1
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
11.11
2026

Interim report Q3'26

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

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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
Tilbage til Martela: Ala-Nikkola tager roret
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
Martela Q1'26 hurtig kommentar: Ordreindgangen faldt, men god pengestrøm støttede balancen
Analyst Comment12.05.2026, 07.55 by
Thomas Westerholm

Martela Q1'26 hurtig kommentar: Ordreindgangen faldt, men god pengestrøm støttede balancen

Den mest centrale og bekymrende observation i regnskabsmeddelelsen var et fald på 29 % i nye ordrer, hvilket indikerer fortsatte markedsudfordringer i indeværende år.

Martela
Regulatory press release12.05.2026, 07.00

MARTELA CORPORATION’S INTERIM REPORT 1 JANUARY – 31 MARCH 2026

Martela
Martela Q1'26 preview: Faldende volumener og en stram balance bekymrer
Research24.04.2026, 07.46 by
Thomas Westerholm

Martela Q1'26 preview: Faldende volumener og en stram balance bekymrer

Martelas nedjustering og Q1-preview indikerer, at det svage efterspørgselsmiljø, der har plaget selskabet, fortsatte i begyndelsen af året.

Martela
Martelas fald i omsætningen førte til en nedjustering
Analyst Comment23.04.2026, 08.12 by
Thomas Westerholm

Martelas fald i omsætningen førte til en nedjustering

Martela offentliggjorde et preview af sin Q1'26-regnskabsmeddelelse og sænkede samtidig sine forventninger for indeværende år.

Martela
Regulatory press release23.04.2026, 07.00

Negative profit warning: Martela lowers its revenue and earnings guidance for 2026 and publishes preliminary Q1 2026 financial information

Martela