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Martela: Isku trækker sit krav om specialundersøgelse tilbage

MARASAnalyst Comment14.10.2026, 07.25
Thomas WesterholmAnalyst
Discuss

Automatisk oversættelse: Oprindeligt udgivet på finsk 14.10.2026, 05.25 GMT. Giv feedback her.

Martela meddelte tirsdag, at Isku Inspira har trukket sit krav om indkaldelse af en ekstraordinær generalforsamling og gennemførelse af en særlig granskning tilbage. Efter vores opfattelse fjerner dette en ekstra forstyrrende faktor for ledelsen og bestyrelsen. Iskus oprindelige krav var knyttet til, at selskabet modsatte sig den nyligt gennemførte rettede emission.

Isku, der hører til selskabets største aktionærer og er nært forbundet med en af Martelates konkurrenter, modsatte sig åbenlyst den rettede emission. Selvom emissionen, der indbragte bruttoproprovenue på cirka 7,2 MEUR, udvandede de eksisterende aktionærers ejerandele kraftigt, var den efter vores vurdering et nødvendigt tiltag for at genoprette Martelates yderst anstrengte balance. At Isku trækker sit krav tilbage, er ikke overraskende på nuværende tidspunkt, da emissionen og sammenlægningen af aktieklasserne allerede er blevet afsluttet.

Martela designs, implements and maintains work environments. The product portfolio is broad and consists of chairs, sofas, tables, storage and other office accessories. In addition, a wide range of services are offered, including ergonomic guidance, office interior design, design, needs analysis and premises maintenance, as well as removal and recycling services. The company is headquartered in Helsinki.

Read more on company page

Key Estimate Figures06.10

202526e27e
Revenue93.770.379.7
growth-%8.1 %-25.0 %13.5 %
EBIT (adj.)-1.1-2.30.9
EBIT-% (adj.)-1.1 %-3.3 %1.2 %
EPS (adj.)-0.75-0.21-0.02
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDA3.44.34.1

Forum discussions

Here are Thomas’s comments regarding the news above Inderes – 14 Oct 26 Martela: Isku vetäytyy tarkastusvaatimuksestaan - Inderes Isku Inspira...
10/14/2026, 6:21 AM
by Sijoittaja-alokas
1
Isku Inspira Oy withdraws its demand to convene an extraordinary general meeting - Inderes Good that it turned out this way. From the outcome...
10/13/2026, 9:13 AM
by Hosuheikki
2
Here is a company report on Martela from Thomas following the rights issue. Martela preliminarily raised EUR 7.2 million in its offering, which...
10/6/2026, 5:50 AM
by Sijoittaja-alokas
0
Quite an interesting “tussle” going on at Martela. With its help, the company is putting together a fairly substantial financing package and...
10/3/2026, 9:29 PM
by Hosuheikki
1
Has the company justified this apparent departure from the previous plan in any way? At the AGM, it could be read between the lines, but even...
10/2/2026, 12:00 PM
by Karo Hämäläinen
8
The situation took an interesting turn when the terms of Martela’s offering were published yesterday. Retail investors are also being offered...
10/1/2026, 10:59 AM
by Thomas Westerholm
4
Here are Thomas’s comments on the share issue, as Martela provided slightly more detailed information about it yesterday The targeted share ...
10/1/2026, 5:11 AM
by Sijoittaja-alokas
1