- CEO
- Panu Jussi Ala-Nikkola
- Full Time Employees
- 307
- Sector
- Producer manufacturing
- Industry
- Office equipment/Supplies
- Address
- Miestentie 1 Espoo UU Finland 02150
- IPO Date
- Feb 10, 1995
- Business
- Martela Oyj designs, manufactures and implements user-centric workplace and learning environment solutions; offers ergonomic office furniture including chairs, sofas, tables, storage systems, workstations, multipurpose furniture, auditorium seats, pedestals, shelving, space dividers, lighting and phone booths; provides comprehensive lifecycle services encompassing needs analysis, interior design, layout planning, furnishing, installation, maintenance, ergonomic guidance, relocation, recycling and optimization; introduces innovative service models such as Workplace as a Service and Learning Environment as a Service covering full lifecycle phases on a monthly fee basis. The company operates primarily in the Nordic countries with main markets in Finland, Sweden and Norway, supplemented by activities in Poland through production facilities and exports to East-Central Europe, Netherlands, Germany and Japan; targets offices, activity-based and mobile work environments, schools and welfare settings to enhance employee wellbeing, productivity and space efficiency. Founded in 1945 as Tehokaluste Oy and headquartered in Espoo, Finland, Martela employs around 330-350 professionals and maintains ISO 9001 quality, ISO 14001 environmental and ISO 45001 occupational health certifications supporting its circular economy focus. Recent developments include a new share-based incentive plan launched in March 2024 for key employees with performance periods through 2026 based on operating profit targets, featuring up to 715,000 A shares in rewards; ongoing efficiency measures announced in January, February and April 2025 targeting annual savings of EUR 0.5-0.7 million through permanent reduction of about 30 jobs in Finland and closer external service provider cooperation; revenue growth of 21.8% to EUR 50.2 million in H1 2025 with operating result improving to EUR -1.4 million from EUR -3.8 million prior year, and Q2 2025 operating profit turning positive at EUR 0.1 million.