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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 1st Qtr sales up 21%

Wednesday 27 April 2011

Martela Corporation’s sales and profit is forecast to improve in 2011. Most of the sales growth is expected from new businesses, the most notable of which are the Danish subsidiary Martela A/S and Martela Corporation’s Outlet chain.

Sales for January-March were EUR 27.4 million (22.6), an increase of 21.4 per cent on the previous year. During the first quarter, operating profit improved slightly and was EUR -0.8 million (-1.1). The Group has invested significantly in the development and growth of its operations, which has increased fixed expenses resulting from staff recruitment, new sales outlets and acquisitions. The investments focused in particular on strengthening the Group’s service business and sales channels.

Profit before taxes was EUR -0.9 million (-1.1), and profit after taxes was EUR -0.9 million (-1.0).

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