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Edge12 Dec 2025
Running on Clouds: The Story of On
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Martela (MARAS) investor relations material
Martela Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary12 Nov, 2025
Executive summary
Revenue for January–September 2025 increased by 14.5% year-over-year to EUR 70.9 million, with operating result improving to EUR -1.2 million from EUR -4.8 million.
Third quarter operating result turned positive at EUR 0.3 million, compared to EUR -0.9 million in the same period last year.
Efficiency measures and cost reductions contributed to improved profitability, despite ongoing market challenges.
Revenue growth was driven by Finland, Sweden, and Norway, while new orders slightly declined by about 1% year-over-year.
Financial highlights
Q3 2025 revenue was EUR 20.7 million, flat year-over-year; operating profit margin improved to 1.3% from -4.5%.
Net result for January–September was EUR -2.9 million, a significant improvement from EUR -6.1 million year-over-year.
Earnings per share for January–September improved to EUR -0.63 from EUR -1.32.
Cash flow from operating activities was EUR 1.6 million, up from EUR -0.3 million in the prior year.
Outlook and guidance
Full-year 2025 revenue is expected to increase compared to the previous year, with comparable operating profit anticipated to be close to zero.
Management remains focused on profitability and cash flow improvements for the remainder of 2025.
What drives Q4 operating profit to zero result?
New order trend post-Q3, any recovery signs?
Plan to restore positive equity and reduce gearing?
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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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