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Martela
Martela (MARAS) investor relations material
Martela Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary25 Feb, 2026
Executive summary
Revenue for 2025 increased by 8.1% year-over-year to EUR 93.7 million, but the company remained loss-making overall, with a net loss of EUR -3.5 million, though Q4 showed a slight operating profit.
Operating result improved significantly from EUR -6.5 million to EUR -1.1 million, driven by higher revenue and cost reductions, but profitability was hampered by low-margin projects and restructuring costs.
Market conditions in the Nordics remained challenging, with weak economic development, high office vacancy rates, and intense competition impacting demand and margins.
Financial highlights
Q4 2025 revenue was EUR 22.8 million, down 8.0% year-over-year; full-year revenue was EUR 93.7 million, up 8.1%.
Q4 operating result was EUR 0.1 million (vs. EUR -1.8 million prior year); full-year operating result was EUR -1.1 million (vs. EUR -6.5 million prior year).
Net result for 2025 was EUR -3.5 million (vs. EUR -8.7 million prior year); EPS was EUR -0.75 (vs. EUR -1.87).
Cash flow from operating activities improved to EUR 4.1 million (vs. EUR 0.1 million prior year).
Gross capital expenditure was EUR 0.5 million (vs. EUR 0.4 million prior year).
Outlook and guidance
Revenue is expected to decrease slightly in 2026, but the comparable operating result is anticipated to turn profitable due to a more favorable project mix and continued efficiency measures.
Demand uncertainty remains high due to economic, geopolitical, and trade policy factors; no significant market recovery is expected in 2026.
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Next Martela earnings date
Q1 202612 May, 2026
Martela
Next Martela earnings date
Q1 202612 May, 2026
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Frequently asked questions
Martela Oyj designs and manufactures furniture solutions, primarily focused on office environments and public spaces. The company's offerings include ergonomic workstations, seating, storage solutions, and acoustic products that enhance workplace functionality and well-being. Martela also provides interior design services, supporting businesses in creating optimized, flexible, and sustainable work environments. It serves sectors such as corporate offices, educational institutions, and healthcare facilities. The company is headquartered in Helsinki, Finland, and its shares are listed on the Helsinki Stock Exchange.
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