Wulff's change negotiations have ended

INSIDER INFORMATION | FEBRUARY 20, 2024 AT 3.30 P.M.

Wulff reformed its workplace products and services businesses in Finland. The aim of the arrangements is to strengthen Wulff's competitiveness and operational efficiency. As a part of the reform, Wulff held change negotiations, involving a total of 48 people. The change negotiations ended on February 20, 2024 and as a result the employment of 9 people will end. The company estimates that the measures will have a positive effect on the result by around EUR 0.5 million annually.

The staff restructuring being implemented is part of the integration of the acquisition of Staples Finland Oy in spring 2021 and will support the positive development of profitability. The integration of the information systems of the Contract Customers Segment in Finland has progressed on schedule, bringing new synergy benefits to the beginning of the year. Combining functions and systems makes it possible to make things more cost-effective than before and to invest in sales and responsibility, which is important for Wulff.

In Espoo on February 20, 2024

WULFF GROUP PLC
BOARD OF DIRECTORS

Further information
CEO Elina Rahkonen
tel: +358 40 647 1444
e-mail: elina.rahkonen@wulff.fi

DISTRIBUTION
Nasdaq Helsinki Oy
Key media
www.wulff.fi/en

A better world – one workplace at a time. We enable better and more sustainable work environments and a perfect working day. We make the workplace where you do your work. Here you can find today's workplace products: e.g. cafe supplies, real estate and cleaning maintenance products, office and IT supplies, ergonomics, first aid, hygiene, protection and safety products, air purification, and innovative products for construction sites. Our selection also includes high-quality Canon printing and document management services as well as financial management services. Our customers also purchase international exhibition services and solutions for remote meetings from us. It is important for us to constantly develop our product range to be more and more sustainable and our customer experience to be the best in the field. Staff leasing is one of our newest service additions. In addition to Finland, Wulff Group operates in Sweden, Norway, and Denmark.