Summa Defence estimates Group revenue to be EUR 110–140 million and EBITA to be EUR 9–12 million in 2025
Summa Defence Ltd
Press release, February 21, 2025 at 10:00 EET
Summa Defence Oy estimates that the revenue of Summa Defence Group will be EUR 110–140 million and EBITA at EUR 9–12 million in 2025. The estimate is based on the combined order backlog of approximately 200 million euros at the Group’s target companies on 21 February 2025. The order backlog is confirmed and partially already in production phase. The share of defence industry and other public procurements in the order backlog is approximately EUR 66 million.
The target companies of Summa Defence include Lännen Tractors, Aquamec, Uudenkaupungin työvene, IntLog and Lightspace Technologies. These companies are expected to become subsidiaries of Summa Defence Group tentatively in April 2025 in the execution of the share exchange transactions announced on January 29, 2025.
The revenue and EBITA estimate is based on the forecast of the continuing operations of Summa Defence in April 1 – December 31, 2025, as well as the forecast of Meriaura Energy’s business operations in January 1 – December 31, 2025. Achieving the estimated revenue growth and profitability level will require the completion of the share exchange with Meriaura Group Plc and the related transactions concerning the target companies, announced on January 29, 2025.
The Summa Defence Group seeks growth both organically and through acquisitions. The revenue and EBITA estimates announced today do not include possible corporate acquisitions to be communicated and executed later in 2025.
According to preliminary unaudited figures, the combined pro forma revenue of Summa Defence and its future subsidiaries in 2024 was EUR 67.1 million and EBITA EUR -9.7 million.
“We expect rapid growth in revenue and profitability for Summa Defence Group in 2025. The confirmed order backlog of approximately EUR 200 million provides a solid foundation for our growth. The reasons for the highly positive development of our order book are the successful sales work in the target companies, the market growth caused by geopolitical instability, as well as the financing provided by Summa Defence to its target companies, which has enabled business scaling and sales growth. Our target companies possess tremendous expertise and potential, which they can now fully leverage with the support of Summa Defence,” says Jussi Holopainen, CEO, Summa Defence.
Summa Defence’s medium-term goal is to achieve revenue of EUR 500 million.
Summa Defence Oy and Meriaura Group Plc announced on January 29, 2025, that they will merge through share exchange to form a new group of companies in the defence sector. Following the completion of the share exchange, Summa Defence Plc will provide financial guidance for 2025.
More information:
Jussi Holopainen, CEO
Phone: +358 44 517 4543
Email: jussi.holopainen@summadefence.com
Media contact:
Tommi Manninen, Chief Communications Officer
Phone: +358 400 437 515
Email: tommi.manninen@summadefence.com
Summa Defence in brief
Summa Defence is a Finnish defense and security technology group supporting industry growth and strengthening industrial production capacity amid geopolitical change. We focus on dual-use technologies related to situational awareness, mobility, and protection, benefiting the civilian, security, and defense sectors while enhancing comprehensive security, security of supply, and crisis management capabilities. www.summadefence.fi