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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 3rd Qtr figures show slight improvement

Wednesday 20 October 2010

Finnish office furniture maker Martela Oyj said today its net profit rose to EUR1.2m in the third quarter of 2010 from EUR792,000 in the corresponding period a year earlier.
Revenue increased by 0.9% year-on-year to EUR26.1m. Operating profit was EUR2m compared with EUR1.2m and diluted EPS rose to EUR0.3 from EUR0.2.
In January-September 2010, Martela\'s net profit grew to EUR299,000 from EUR8,000 and revenue went up by 4.6% year-on-year to EUR74.4m.
In September, the furniture maker agreed to acquire the businesses of its Danish import partner Martela A/S, with effect from 1 November 2010. The period of low demand that started at the beginning of 2009 has continued in 2010, the company said, adding that this will have an effect on its revenue and operating profit in 2010.

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