Wulff to update its outlook for net sales, operating profit and comparable operating profit
STOCK EXCHANGE RELEASE MAY 3, 2021 AT 4.00 P.M.
Wulff Group Plc, Insider information, May 3, 2021 at 4.00 P.M.
Wulff updates its estimates for net sales, operating profit, and comparable operating profit because of the completed and published acquisition on May 3, 2021. The company estimates that net sales in 2021 will increase to approximately EUR 90 million (EUR 57.5 million in 2020), operating profit will increase from the previous year significantly and comparable operating profit will remain at a good level in 2021.
The company’s earlier outlook was: the Company estimates that the net sales in 2021 will grow from 2020 (EUR 57.5 million) and the comparable operating profit will remain at a good level in 2021 in the financial statements published on February 22, 2021.On May 3, 2021, Wulff Group Plc, a professional in workplace products, signed an agreement whereby Wulff acquires Staples Finland Oy, which specializes in workplace products, and its Finnish parent company EMO Finland Oy. As a result of the transaction, Wulff will become a clear market leader in Finland. The transaction was completed on May 3, 2021. A separate stock exchange release regarding the completed acquisition has been published on May 3, 2021.
In Espoo on May 3, 2021
WULFF GROUP PLC
BOARD OF DIRECTORS
CEO Elina Pienimäki
tel. +358 40 647 1444
NASDAQ OMX Helsinki Oy
A better world – one workplace at a time. Wulff’s goal is a perfect workday! We enable better working environments and create workplaces, wherever you are. More comfortable, healthier, safer, more enjoyable, more active and more diverse? How do you want to better you workday and working environment? Wulff has the solution. We offer our customers hygiene- and protective products, air purifiers, office supplies, facility management products, catering solutions, IT supplies, ergonomics, first aid, and innovative products for worksites. Customers can also acquire international exhibition services from Wulff. In addition to Finland, Wulff operates in Sweden, Norway, and Denmark. Check out our products and services at wulff.fi/en.