WULFF-GROUP PLC STOCK EXCHANGE RELEASE JULY 9, 2008, AT 3.00 PM
ENTRE MARKETING LTD, SUBSIDIARY OF WULFF-GROUP PLC TO CONCLUDE COOPERATION
The cooperation negotiations of Entre Marketing Ltd, a subsidiary of Wulff-Group
Plc, have been concluded. The negotiations were initiated on 16 June 2008. Staff
will be reduced due to production-related and financial issues, as well as
The negotiations were based on a proposal made by the employer. The cooperation
negotiations focused on trade fair sales and design department and project unit.
The need for staff reduction was estimated as seven people at most. As a result
of negotiations, Entre Marketing will reduce its staff by four people. Entre
Marketing Ltd’s net sales account for some 10% of Wulff-Group’s consolidated net
sales. Entre Marketing’s operations have been unprofitable in 2007 and during
The cooperation negotiations have been carried out in compliance with the
cooperation act, and the actions will be initiated immediately. The negotiations
were carried out in order to secure the company’s competitiveness and
operational viability in the future.
Entre Marketing Ltd’s operations focus on the design and implementation of
international and domestic trade fairs, exhibitions and event marketing. Entre
is Finland’s market leader in its sector and in 2007 Entre had activities in 32
countries, preparing 740 stands for a variety of events. Wulff-Group Plc
acquired a majority shareholding in Entre Marketing Ltd previously owned by
Finpro ry and key personnel of the Entre group in May 2007.
Wulff-Group Plc is an office products market leader in Finland. It sells and
markets office supplies, computer accessories, corporate image products,
ergonomic products, and trade fair and event marketing services. In 2007
Wulff-Group recorded net sales of EUR 74.1 million.
Heikki Vienola, CEO
Tel. +358 9 5259 0050 or +358 50 65 110
Sirpa Väisänen, IR Officer
Tel. +358 9 5259 0050 or +358 400 943 243
OMX Nordic Exchange Helsinki