Wulff Group reports sales decline
| 03 November, 2017
Wulff Group reported that net sales decreased by 8.7% in the third quarter of 2017 to stand at EUR 12.2 million. Sales were down 5.5% to EUR 41.1 million during January-September 2017. The decline in net sales is a result of lost contracts and trimming of the product range.
Wulff CEO Heikki Vienola said: “In 2017, we have invested in our competitiveness. The current development projects are important investments. The market situation has remained challenging for us, hence it is likely that we will not reach our target result and net sales. In this rapidly changing world, to better serve our customers in the way they want to be served, it is necessary to invest in development. For example, we need to constantly develop our selection of workplace products, cafeteria and facility management products, and cleaning and hygiene supplies.
“Wulff’s customers know and count on the fact that they can acquire the broadest selection of products for the workplace from us, irrespective of their operating field. For more and more companies, the wellbeing of their personnel and workplace ergonomics are growing in importance: companies want to obtain these services as easily as basic products. Wulff offers the same cost-effective and time-saving channels for everything that you need at your workplace, now and in the future.”