Wulff-Yhtiöt Oyj - Company Announcement

Wulff’s Operating Result 2013 Will Be Negative

WULFF GROUP PLC

STOCK EXCHANGE RELEASE       September 24, 2013 at 2.15 P.M.



WULFF'S OPERATING RESULT 2013 WILL BE NEGATIVE

The markets have not improved as expected and the demand for Wulff's products
has decreased from last year. Wulff reports an impairment of EUR 0.6 million
from its business gift goodwill which decreases down to EUR 0.7 million. Based
on the Group management's forecast the operating result will be negative in
2013. 

Typically in the industry, the annual profit is made in the last quarter of the
year. Also in 2013 the last quarter will be the strongest. The cost-efficiency
improvement actions of 2013 will affect positively the result of 2014. 

In 2012, the Group's net sales totalled EUR 90 million and operating profit
reached EUR 1.1 million. 

In its stock exchange release on June 17, 2013 Wulff Group Plc informed that
based on the Group management's outlook for 2013, it seemed probable that the
last year's operating profit level will not be reached. 

Wulff publishes its interim report for January-September 2013 on Tuesday
November 5, 2013. 



In Vantaa on September 24, 2013.



WULFF GROUP PLC

BOARD OF DIRECTORS



Further information:

CEO Heikki Vienola
tel. +358 9 5259 0050 or mobile: +358 50 65 110
e-mail: heikki.vienola@wulff.fi



DISTRIBUTION
NASDAQ OMX Helsinki Oy
Key media
www.wulff-group.com



Wulff Group Plc is an increasingly international listed company as well as the
most significant Nordic player in office supplies and an industry pioneer.
Wulff sells and markets office supplies, facility management products, business
and promotional gifts, IT supplies as well as ergonomics and first aid
products. Customers can also acquire international fair services from Wulff.
The newest products are LED lights and lighting solutions. In addition to
Finland, Wulff operates in Sweden, Norway, Denmark and Estonia. The customers
are attended to personally by approx. 350 business-to-business sales
professionals and also at Wulff's stores in Helsinki, Turku and Lahti. In
addition to versatile customer specific services, the Group serves its
customers online with a non-exclusive webstore Wulffinkulma.fi.

Attachments:

WUFE_2013-09-24_Outlook_2013.pdf