MARAS on Nasdaq Helsinki Ltd

Martela

Logo: Martela, Public domain, via Wikimedia Commons4

Finnish furniture company

Martela Oyj is a Finnish company supplying furniture. In 2024, Martela Group's turnover was EUR 86.7 million and it employed an average of 372 employees. Martela is the largest company in its sector in Finland and one of the three largest in the Nordic countries.2 It was founded by Matti S. Martela.1 Its shares trade on Nasdaq Helsinki Ltd under the symbol MARAS.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1945Founded1

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  • TickerMARAS on Nasdaq Helsinki Ltd1
  • Industryfurniture industry, interior design1
  • HeadquartersHelsinki1
  • Websitewww.martela.com
  • Legal formjulkinen osakeyhtiö1
  • LEI743700M4EIEVD61PNN553
  • StatusActive3
  • LEI statusLapsed (not renewed)3
  • Registered addressPL 73, FI-02151 Espoo, Finland3
  • Registered withFinnish Patent and Registration Office, 0114891-23
Martela-Finland
Photo: Arto Alanenpää, CC BY-SA 4.0, via Wikimedia Commons6

Martela Oyj is a Finnish company supplying furniture. In 2024, Martela Group's turnover was EUR 86.7 million and it employed an average of 372 employees.2

The story

Founded by Matti S. Martela in 1945.1

Matti S. Martela worked at the Riihimäki woodworking company that he himself had founded. He had good relations to business circles and knew that there was demand for new office furniture. His idea was groundbreaking in its simplicity: create a company in Finland that would develop and market sensibly designed office furniture according to the new office standards.

Martela, then called Tehokaluste Oy, was established in 1945. Operations did not begin with production first, as with many competitors. Instead, the company focused on designing products and marketing them to customers. The founders of the company with business degrees were Matti S. Martela, Henrik Virkkunen, Unto Eskola and Jonne Jahnukainen, plus Svante Nurmiranta and interior architect Wladimir Rumjantsew.

Even before the company had been property established, Matti S. Martela had received orders for Tehokaluste from his future key client – the Finnish Government. He had offered the Director of the Resettlement Department of the Ministry of Agriculture, Veikko Vennamo, writing desks designed by interior architect Rumjantsew. Vennamo initially ordered fifty desks, but before the company had time even to deliver these, another order arrived for fifty more. A hundred desks was such a major order for the young company that it supported operations for the first months. The government continued to be Tehokaluste's biggest client throughout the 1940s. The first order began a healthy relationship with the Finnish Government's central procurement unit that lasted for decades.

From Wikipedia’s article on Martela, shared under CC BY-SA 4.0.5

Leadership

Who has led Martela, and when. Pick a name to see everywhere that person has worked.

Timeline

  1. 1986Went public Listed on Nasdaq Helsinki Ltd1
  2. 1945Founded Founded1

Sources

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