Finland's Martela Q1 revenue falls 32% on weak demand

Martela Oyj

12/05/2026 06:09

Overview

Finland workplace solutions firm's Q1 revenue fell 32% yr/yr amid weaker customer demand

Company cites sharp drop in large office projects and market uncertainty across Nordics

Outlook

Martela expects 2026 revenue of EUR 75–85 mln

Company estimates 2026 comparable operating result between EUR +1 mln and −2 mln

Result Drivers

FEWER LARGE OFFICE PROJECTS - Co said a sharp decline in large office projects accounted for about half of the revenue decrease

WEAKER CUSTOMER DEMAND - Co said customer demand weakened in all Nordic markets, leading to a 29% drop in new orders

EFFICIENCY MEASURES - Lower administrative and fixed expenses and improved project margins partly offset revenue decline, but not enough to prevent wider operating loss

Company press release: ID:nGNEW13xm

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
EUR 17.50 mln
EUR 17 mln (1 Analyst)
Q1 EPS
-EUR 0.52


Analyst Coverage

The one available analyst rating on the shares is "strong sell"

The average consensus recommendation for the business support supplies peer group is "buy."

Wall Street's median 12-month price target for Martela Oyj is €0.30, about 39% below its May 11 closing price of €0.49

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)