MARASNasdaq HelsinkiFurnishings, Fixtures & AppliancesIFRS · EUR

Martela Oyj

Martela is a Finnish family-owned company founded in 1945, specializing in user-centric work and learning environments. It provides comprehensive furniture solutions and related services through its Martela Lifecycle concept, which integrates sustainability and circular economy principles. The company is listed on the OMX Nordic Exchange in Helsinki and operates primarily in Finland, Sweden, and Norway, with production facilities in Finland and Poland. Martela's global reach is extended through a network of resellers.

Ask about the company
Revenue93.7m EUR
+8.1 %y/y
Operating profit (EBIT)-1.1m EUR
+83.8 %y/y
EBIT margin-1.1%
+6.4 ppy/y
Net income-3.5m EUR
+60.2 %y/y
Free cash flow3.7m EUR
+1,424.3 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-250255075100m EUR2020: 88 m EUR2020: EBIT -4.0 m EUR20202021: 92 m EUR2021: EBIT -1.3 m EUR20212022: 94 m EUR2022: EBIT 2.5 m EUR20222023: 94 m EUR2023: EBIT -2.4 m EUR20232024: 87 m EUR2024: EBIT -6.5 m EUR20242025: 94 m EUR2025: EBIT -1.1 m EUR202594-1.1
RevenueOperating profit (EBIT)
Ask Clarifo about Martela Oyj

Business

Share of revenue
Lifecycle Solutions40 %

Comprehensive furniture and service packages for workspaces

Office Furniture30 %

Desks, chairs, and storage solutions for office environments

Learning Environment Furniture15 %

Furniture designed for educational settings

Services15 %

Includes moving, installation, and workspace management services

Customers

Martela serves a diverse range of customers, including corporate clients, government agencies, and educational institutions. The company's solutions are tailored to enhance productivity and sustainability in work and learning environments. Corporate clients value Martela's ability to provide comprehensive lifecycle solutions that integrate furniture and services seamlessly. Government and educational institutions appreciate the company's focus on sustainability and circular economy principles. Martela's customer base is primarily located in the Nordic countries, but its reseller network extends its reach globally.

Corporate Clients

Integrated workspace solutions for productivity and sustainability

Government Agencies

Sustainable furniture solutions for public sector needs

Educational Institutions

Furniture for adaptable and modern learning environments

Strategy

Martela's strategic priorities include enhancing profitability and cash flow, with a focus on operational efficiency and sustainability. The company aims to strengthen its market position by expanding its unique Workspace as a Service model, which integrates furniture and services. Martela is committed to circular economy principles, ensuring that sustainability is embedded in every phase of its lifecycle solutions. The company also plans to improve its financial performance through cost-saving measures and operational improvements.

Enhancing profitabilityMedium term

To improve financial stability and shareholder value

Expanding Workspace as a ServiceLong term

To differentiate and grow market share

Sustainability and circular economyLong term

To meet increasing demand for sustainable solutions

Geography

Martela's primary markets are Finland, Sweden, and Norway, where it has established a strong presence. The company also operates production facilities in Finland and Poland, which support its Nordic operations and global distribution through resellers. Martela's geographic focus allows it to leverage local expertise and maintain close relationships with its key markets. The company's presence in the Nordic region is complemented by its ability to serve international clients through a well-established reseller network.

Risks

Martela faces several business risks, including economic uncertainty in its primary markets, which can affect demand for its solutions. The company's financial performance is also sensitive to fluctuations in cash flow and liquidity, necessitating effective management of working capital. Additionally, the furniture industry is subject to competitive pressures and changing customer preferences, which require constant innovation and adaptation. Currency exchange rate fluctuations pose a financial risk due to Martela's international operations.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Cash flow management1Economic uncertainty2Competitive pressures3Currency fluctuations4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Cash flow managementImpact: CriticalLikelihood: High

    Critical for maintaining liquidity

  2. Economic uncertaintyImpact: HighLikelihood: High

    Affects demand for furniture solutions

  3. Competitive pressuresImpact: HighLikelihood: High

    Requires constant innovation

  4. Currency fluctuationsImpact: MediumLikelihood: Low

    Impacts international operations

Ask Clarifo about Martela Oyj

Accounting

Judgemental items
Revenue recognition

Impacts timing of financial results

Impact: high

Working capital management

Essential for liquidity and financial stability

Impact: critical

Currency accounting

Mitigates financial risk from exchange rate fluctuations

Impact: medium

Similar listed companies

Publicly listed companies with a comparable business focus.

Wärtsilä Oyj Abp

WRT1V · Specialty Industrial Machinery

Catena

CATE · Real Estate

Konecranes Plc

KCR · Farm & Heavy Construction Machinery

Marimekko Oyj

MEKKO · Apparel Manufacturing

Lassila & Tikanoja Oyj

LAT1V · Waste Management

FM Mattsson B

FMM-B · Industrials

Last updated: 24/09/2026

Martela Oyj (MARAS) Revenue, Earnings & Financials 2025 – Clarifo