Brief: Martela Corp: 2019 Preliminary Revenue Was about EUR 106 mln

Martela Oyj

15/01/2020 07:03

Jan 15 (Reuters) - Martela Corp  MARAS.HE :
    * REG-PRELIMINARY INFORMATION ON MARTELA'S 2019 REVENUE AND OPERATING RESULT
    * MARTELA CORP - 2019 REVENUE IMPROVED SLIGHTLY AND OPERATING RESULT STAYED ON SAME LEVEL AS
IN
2018
    * MARTELA CORP - 2019 PRELIM REVENUE WAS APPROXIMATELY EUR 106 MILLION (103.1) AND OPERATING
RESULT WAS APPROXIMATELY EUR -2 MILLION (-2.1).
    * MARTELA CORP - IN Q4, REVENUE IN FINLAND DID NOT REACH FORECASTED LEVEL ESPECIALLY IN
FINNISH
PUBLIC SECTOR
    * MARTELA CORP - LOWER THAN FORECASTED SALES AND DECREASE IN SALES MARGIN IMPACTED
NEGATIVELY Q4
OPERATING RESULT.
    * MARTELA CORP - HAD TO WRITE-OFF APPROXIMATELY EUR 0.4 MILLION OF RECEIVABLES DUE TO
BANKRUPTCY
OF ONE OF COMPANY'S RESELLERS.

Source text for Eikon:  ID:nGNE1wDRY 
Further company coverage:  MARAS.HE 

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