Martela Corporation’s Half Year Report 1 January – 30 June
August 11 2023 - 12:30AM
Martela Corporation’s Half Year Report 1 January – 30 June
The January–June 2023 revenue and operating result decreased
compared to previous year.
April–June
2023
- Revenue was EUR 19.4 million (27.3), representing a change of
-28.9%
- Operating result was EUR -2.9 million (0.1)
- Operating profit per revenue was -15.2% (0.3%)
- The result for the period was EUR -3.0 million (-0.3)
- Earnings per share amounted to EUR -0.65 (-0.06)
January–June
2023
- Revenue was EUR 43.5 million (54.3), representing a change of
-19.9%
- Operating result was EUR -4.8 million (0.2)
- Operating profit per revenue was -10.9% (0.3%)
- The result for the period was EUR -5.2 million (-0.3)
- Earnings per share amounted to EUR -1.13 (-0.07)
Outlook
Outlook for 2023
Martela anticipates its Revenue to decrease slightly compared to
previous year and operating result to be negative.
Key figures, EUR million
|
2023 |
2022 |
Change |
2023 |
2022 |
Change |
2022 |
|
4-6 |
4-6 |
% |
1-6 |
1-6 |
% |
1-12 |
Revenue |
19.4 |
27.3 |
-28.9% |
43.5 |
54.3 |
-19.9% |
106.7 |
Operating result |
-2.9 |
0.1 |
|
-4.8 |
0.2 |
|
2.5 |
Operating result % |
-15.2% |
0.3% |
|
-10.9% |
0.3% |
|
2.3% |
Result before taxes |
-3.0 |
-0.2 |
|
-5.1 |
-0.3 |
|
1.3 |
Result for the period |
-3.0 |
-0.3 |
|
-5.2 |
-0.3 |
|
2.6 |
|
|
|
|
|
|
|
|
Earnings/share, EUR |
-0.65 |
-0.06 |
|
-1.13 |
-0.07 |
|
0.57 |
|
|
|
|
|
|
|
|
Return on investment % |
-43.1 |
2.1 |
|
-33.8 |
2.3 |
|
9.1 |
Return on equity % |
-119.8 |
-9.5 |
|
-52.3 |
-5.5 |
|
20.8 |
Equity ratio % |
|
|
|
16.6 |
21.2 |
-21.5% |
24.7 |
Gearing % |
|
|
|
179.6 |
84.0 |
113.8% |
58.6 |
Ville Taipale, CEO:“The high inflation and
increased interest rates that started last year impacted negatively
also in the second quarter this year. Impact from this was
significant in Martela’s operating envirmonment. Our revenue
decreased to EUR 19.4 million in the second quarter which was 28.9
% lower compared to the same period last year. Our Revenue
January-June was EUR 43.5 million.New orders in the second quarter
decreased in all other market areas except in “Others” compared to
the same period last year. Our operating result decreased in the
second quarter compared to the same period last year and was EUR
-2.9 million. Operating result was negatively impacted mainly by
decrease in revenue. Operating result January-June was EUR -4.8
million.Second quarter of this year was challenging due to
uncertainty in the operating environment. We have reacted to this
challenging situation by announcig an invitation to co-operating
negotiations. It is unclear how long this uncertainty in the market
will continue and we need to be able to adjust our operating
expenses to the current circumstances.The way of work and working
environments will be in constant change. The coronavirus pandemic
has accelerated the process of changing the way we work. The office
is just one of many places where we work, and for some the amount
of remote work will increase for good. This will increase the
demand for multipurpose working spaces and the need to invest in
remote working conditions. We will continue, together with our
customers, to be a forerunner in creating user-centric working
environments, which will improve user experience, efficiency and
innovation capabilities, as well as lower overall costs. We will
meet our customers’ needs for increased flexibility in workplace
with our Workplace as a Service concept, which we have piloted and
actively further developed during last winter. Interest towards our
concept has been encouraging and we expect it to have a positive
impact on our business.”
Market situation
The war in Ukraine has brought uncertainty to the market and
caused radical price increases in raw materials as well as
restricted supply of materials. In addition, rapid increase in
inflation and interest rates has also negatively impacted the
market. It is too early to say which impacts these will have on the
overall market in the mid-term.
BRIEFING
A briefing will not be held, but additional information can be
asked by telephone from CEO Ville Taipale on Friday August 11, 2023
from 12 a.m. to 2 p.m. EET.
Martela Corporation Board of Directors
Ville Taipale CEO
Further information Ville Taipale, CEO, +358 50 557
2611
Distribution Nasdaq OMX Helsinki Key news media
www.martela.com
Our strategic direction is defined by our mission “Better
working” and our vision “People-centric workplaces”. Martela
provides people centric workplaces where the users and their
wellbeing are in the core. We focus on the Nordic countries, as the
Nordic countries are forerunner in hybrid working environments with
common open work culture background and needs.
- 2023_0811 Half Year Report
Martela Oyj (LSE:0F6D)
Historical Stock Chart
From Apr 2024 to May 2024
Martela Oyj (LSE:0F6D)
Historical Stock Chart
From May 2023 to May 2024