Finland's Martela Q2 revenue falls on weak Nordic demand

Martela Oyj

12/08/2026 06:10

Overview
Finland office furniture maker's Q2 revenue fell 41% yr/yr amid weak Nordic demand
Company posted Q2 net loss as operating result turned negative
Company expects full-yr 2026 revenue to decline and operating result to remain negative

Outlook
Martela sees 2026 revenue at EUR 66–73 mln
Company expects 2026 comparable operating result to be negative EUR 1–3 mln
Company does not expect demand in main markets to strengthen before end-2026

Result Drivers
WEAK NORDIC DEMAND - Co said demand was significantly weaker than expected in the Nordics, with customer uncertainty, project postponements and smaller average project sizes reducing order intake and revenue
FEWER LARGE PROJECTS - Co said market for large office projects was clearly below the level of the comparison period
SHARP REVENUE DECLINE - Co said operating result was mainly weakened by the sharp decline in revenue compared with the corresponding period of the previous year

Company press release: ID:nGNE7mcwCL

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
EUR 14.50 mln
EUR 18 mln (1 Analyst)
Q2 Loss Per Share
 
EUR 0.26
 
Q2 Net Loss
 
EUR 1 mln
 
Q2 Adjusted EBIT
 
-EUR 1.60 mln
 
Q2 EBIT
 
-EUR 500,000
 

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 39.4% below its August 11 closing price of €0.50

Reuters Recommended Reads
Aug 11 - Finland's Siili Solutions Q2 revenue falls, cuts guidance
Aug 11 - Sweden's Freemelt Q2 sales fall 53%, loss widens
Aug 11 - Finland's Ponsse H1 operating profit falls as customers delay decision making

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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.)