Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Martela net loss doubles in 1st half of 2010

Tuesday 3 August 2010

Finnish office furniture maker Martela Oyj said today its net loss widened to EUR1.5m in the first half of 2010 from EUR784,000 a year earlier.
Revenue rose by 6.6% year-on-year to EUR48.3m, while operating loss doubled to EUR1.6m from EUR800,000.
In the first six months of 2010, cash flow from operations was negative and amounted to EUR2.2m, compared to a positive cash flow of EUR7.1m in January-June 2009.
In the second quarter of 2010, Martela\'s net loss shrank to EUR527,000 from EUR563,000 and revenue grew by 21.3% year-on-year to EUR25.7m.
In June 2010, the furniture maker agreed to acquire the used furniture business of office furniture recycling and sales company Pa-Ri Materia Oy. The business operates under the name Martela Poistomyynti in Helsinki and Tampere.
The company expects that low demand will have an adverse effect on its revenue and operating result in 2010.

Subscribe to our News Page

Enter your email here and we will tell you when this page is updated.

 

 

moreLatest News

Tuesday 20 February 2018 Steelcase survey reveals informal space trend

A recent study by office furniture vendor Steelcase has shed some light on what people really want f

Thursday 15 February 2018 Haworth 2017 sales surpass $2B

HOLLAND, MI - Haworth, Inc. had a good 2017. The Holland office furniture-maker reported sales of

Monday 12 February 2018 Knoll Q4 furniture sales recover

Knoll’s expansion into new product lines has paid off for the office furniture maker, as Q4 sales

Friday 9 February 2018 Austrian Office Furniture Manufacturer Svoboda files for bankruptcy

The Austrian office furniture specialist Svoboda has filed for bankruptcy. In spite of this, the cur

Contact Us

JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England


+44 (0) 20 7688 1928