Group 1: Launch of Sunplussa - Rasol Oy, a subsidiary of Meriaura Group, has launched 'Sunplussa', a smart energy management solution that integrates local energy production, storage, and consumption control for properties [1][2] - The system includes solar panels and battery storage tailored to the customer's energy consumption profile, connected via a smart control system that manages energy usage [1][2] - The AI-based control system optimizes electricity production, storage, and consumption based on market prices and weather conditions, enabling cost savings by utilizing cheaper electricity hours [2] Group 2: Merger with Summa Defence Oy - Meriaura Group signed a conditional share exchange agreement to acquire Summa Defence Oy, creating a strong group focused on safety and security in Finland, with a significant role for dual-use technology [5] - Following the merger, Meriaura Group's shareholders will hold 11.8% of the new company, Summa Defence Plc, while Summa Defence's shareholders will hold 88.2% [5] Group 3: Business Overview - Meriaura Group operates in two main business areas: Marine Logistics and Renewable Energy [6][9] - The Marine Logistics segment provides low-emission marine transport services, particularly for bulk cargo and renewable energy construction projects in Northern Europe [7] - The Renewable Energy segment focuses on clean energy solutions, including solar power systems for various applications [9]

Core Insights - Meriaura Group's revenue for January-March 2025 increased by 20% year-on-year, reaching EUR 21.4 million, driven by growth in both Marine Logistics and Renewable Energy sectors [2][16][23] - The company announced a conditional transaction to acquire Summa Defence Oy, which will enhance its focus on safety and security supply in Finland, with the new entity named Summa Defence Plc [7][26][39] Financial Performance - Marine Logistics revenue grew by 12% to EUR 17.8 million, attributed to increased ship capacity, while Renewable Energy revenue surged by 83% to EUR 3.6 million due to a rise in project numbers [2][16][23] - EBITDA for the group improved to EUR 1.4 million, representing 6.8% of revenue, with Marine Logistics contributing EUR 2.3 million and Renewable Energy reporting a loss of EUR 0.9 million [21][22][23] - The operating result (EBIT) was slightly improved at EUR -0.1 million, with Marine Logistics showing a profit of EUR 1.0 million and Renewable Energy at a loss of EUR 1.0 million [22][23] Market Conditions - Demand for dry cargo remained stable despite weaker spot cargo demand, supported by a strong contract base [3][17] - The Renewable Energy sector faced challenges due to slow project deliveries and adverse weather conditions, impacting overall results [4][20] Strategic Developments - The acquisition of Summa Defence Oy is expected to create a robust group focused on dual-use technology, with significant growth potential in the civil and security sectors due to increased defense spending in European NATO countries [8][26] - The transaction will involve the sale of Meriaura's Marine Logistics business to Meriaura Invest Oy, with current shareholders retaining an 11.8% stake in the new company [27][39] Future Outlook - The new Summa Defence Plc is projected to have a revenue estimate of EUR 110-140 million for 2025, based on a confirmed order backlog of around EUR 200 million [29] - The completion of the transaction is anticipated by May 2025, with shares expected to trade on Nasdaq First North Growth Market [40][45]