Martela Oyj - Company Announcement

Martela's Polish operations will be streamlined

MARTELA CORPORATION     Stock exchange release    5 October 2015 at 1.30 p.m.





MARTELA'S POLISH OPERATIONS WILL BE STREAMLINED

Martela has a well-established position in the Polish market but the
profitability in Poland hasn't been at the satisfactory level. To accelerate
the implementation of Martela Lifecycle strategy and to improve the
profitability Martela will implement structural changes in the Polish sales
organization. With the planned actions Martela is targeting to have the
organization structure which is able better and more cost efficiency way to
serve the market demand. 

Martela launched a savings programme in April. The aim is to reduce Group's
costs by EUR 4 million at the annual level by the end of 2016, such that these
cost savings will take full effect in 2017. The actions in Poland are part of
the programme. The planned actions will decrease the yearly cost level of
Martela Poland by about EUR 0.5 million through the lower personnel and other
fixed expenses in 2016. 







MARTELA CORPORATION
Matti Rantaniemi

CEO


Additional information

Martela Corporation
Matti Rantaniemi, CEO, tel +358 50 465 8194

Markku Pirskanen, CFO, tel +358 40 517 4606







Distribution
NASDAQ OMX Helsinki
Main news media
www.martela.com

Attachments:

2015_1005 release.pdf