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Meriaura Group: Sea freight market prices cooling down

SUMMAResearch29.08.2023, 09.26
Pauli LohiAnalyst
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The figures for the second quarter were below our expectations as the slowdown in the sea freight market was reflected in the company's results faster than expected. We lowered our assumptions on the long-term normalized performance of Marine Logistics and slightly increased our Renewable Energy estimates thanks to a significant contract.

Summa Defence is a Finnish defence and security technology group. The group provides strategic support and resources to companies in the sector, focusing on technologies related to situational awareness, mobility and protection, which benefit both civilian, security and defence sectors. The goal is to improve Finland's and Europe's overall security, security of supply and crisis management capabilities. Summa Defence is headquartered in Helsinki.

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Forum discussions

True, but I suppose the workboat also needs funding for growth?
7/3/2026, 11:09 AM
by Mikko Marttinen
1
Correct valuation is likely difficult. The cash position is critical and the risk of bankruptcy is high. However, when breaking down the companies...
7/3/2026, 10:40 AM
by NOKNOK
2
€0.20 per share would already be a more sensible market value for the company. One still has to wonder what is propping up the company’s stock...
7/3/2026, 10:27 AM
by Mikko Marttinen
6
The bridge loan was converted into a convertible bond. The convertible bond carries an annual interest rate of 14 percent, and the loan matures...
7/3/2026, 10:11 AM
by Roni
3
The company has been selling its products to the Defence Forces throughout its entire history. I’ll look up one example from the years before...
7/3/2026, 9:38 AM
by JuhaR
5
In my opinion, “invented conspiracy theories” is an overstatement in this context. Summa would likely never have received orders from the Finnish...
7/3/2026, 9:27 AM
4
I am not familiar with the specific deal or its request for proposal (RFP) documents, so I cannot offer views with any certainty. What I meant...
7/3/2026, 9:24 AM
by Lars74
4