Martela is certainly in a dire situation unless profitability improves radically during this year. With a market cap of 3 million euros, a successful share issue of sufficient size to repair the balance sheet would heavily dilute current shareholders, and I don’t consider it a foregone conclusion that such an issue would attract enough participants.
Asko and Sotka already went under; is Martela the next victim? Of course, the business here is on a firmer footing, as the operating loss is starting to approach zero instead of a massive loss.
Would some player buy Martela out? As I understand it, the products are actually quite good.