World News: 10:00 GMT Friday 12th October 2018. [Martela Corporation via Globe Newswire via SPi World News]
MARTELA CORPORATION STOCK EXCHANGE RELEASE 12 OCT 2018 AT 4.00 P.M. MARTELA’S OUTLOOK FOR 2018 Martela Group lowers its revenue and operating result guidance for 2018. Revenue in the third quarter did not develop as previously estimated and this will impact negatively on the full year revenue and operating result. Revenue was impacted by a decrease in the education market and prolonged contract negotiations in the public sector.
NEW GUIDANCE FOR 2018 Martela Group anticipates that its 2018 revenue and operating result will remain on the same level compared to the previous year.
PREVIOUS GUIDANCE FOR 2018
Martela Group anticipates that its revenue and operating result in 2018 will improve compared to the previous year. Due to normal seasonal variations, the Group’s operating result accumulates during the second half of the year.
Revenue for January-December 2018 was EUR 109.5 million and operating result EUR 0.3 million. Martela will publish its January-September 2018 financial report on 2 November 2018. Martela Corporation Matti Rantaniemi CEO Further information CEO Matti Rantaniemi, tel + 358 50 465 8194
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 will focus on the Nordic countries, as the Nordic countries are forerunner in hybrid working environments with common open work culture background and needs.
Distribution NASDAQ Helsinki Main news media www.martela.com
Globe Newswire: 10:00 GMT Friday 12th October 2018
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