STOCK EXCHANGE RELEASE | APRIL 11, 2024 AT 2.00 P.M.

Wulff changes its financial reporting structure starting from January 1, 2024 to better reflect current business activities and their development. The new reporting structure is aligned with the way the company's management follows the operational performance of Wulff's businesses. The new financial reporting structure comprises of two reporting segments: Worklife Services and Products for Work Environments. The company expects the importance of service businesses to grow in its operations. Growth is built both organically and through acquisitions.

The Worklife Services segment includes exhibition, space design and event services both internationally and domestically, solutions and services for office and professional printing and document management, accounting and financial management services, and staff leasing services. The Products for Work Environments segment consists of the business of workplace products and services in Finland and Scandinavia.

In addition to business segments, group services and eliminations not allocated to business segments are reported separately.

Due to the change in the reporting segments that came into effect at the beginning of the 2024 financial year, Wulff publishes comparable data from the 2023 financial year in accordance with the new reporting structure to enable comparison. The comparative data are unaudited. The interim report for the first quarter of 2024 will be prepared in accordance with the new reporting structure. The annual and quarterly segment information for the reference year 2023 according to the new segment structure is presented below.

Q1 2023
EUR 1 000 Worklife Products for Group Services Group total
Services Work and
Environments eliminations
Net sales 2 318 22 934 0 25 252
Expenses -2 274 -21 865 305 -23 835
EBITDA 43 1 069 305 1 417
Depreciation -19 -161 -327 -508
EBIT 24 908 -23 909

Q2 2023
EUR 1 000 Worklife Products for Group Services Group total
Services Work and
Environments eliminations
Net sales 2 085 22 282 -2 24 365
Expenses -1 911 -21 359 213 -23 057
EBITDA 173 923 212 1 308
Depreciation -19 -167 -290 -476
EBIT 154 755 -78 832

Q3 2023
EUR 1 000 Worklife Products for Group Services Group total
Services Work and
Environments eliminations
Net sales 1 571 19 666 -7 21 231
Expenses -1 617 -19 065 256 -20 426
EBITDA -45 601 249 805
Depreciation -20 -165 -284 -468
EBIT -65 436 -35 336

Q4 2023
EUR 1 000 Worklife Products for Group Services Group total
Services Work and
Environments eliminations
Net sales 1 888 21 071 -25 22 934
Expenses -1 729 -19 791 167 -21 353
EBITDA 159 1 279 142 1 581
Depreciation -28 -181 -279 -488
EBIT 131 1 099 -136 1 093
Q1-Q4 2023
EUR 1 000 Worklife Products for Group Services Group total
Services Work and
Environments eliminations
Net sales 7 862 85 953 -34 93 782
Expenses -7 532 -82 081 941 -88 671
EBITDA 331 3 872 907 5 110
Depreciation -87 -674 -1 179 -1 940
EBIT 244 3 198 -272 3 170

In Espoo on April 11, 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.