Eagle Filters Snaps Up Kotka Property for Growth and Profitability

Eagle Filters, an investment company with a subsidiary specializing in air filtration technology, recently acquired an industrial property in Kotka for 275,400 euros. According to Yle, the bidding for the property was intense, with 107 offers received and seven buyer candidates competing. The property is located in the former Hovinsaari factory area in Kotka and was previously auctioned off for 275,400 euros.

Despite the low purchase price of the property, Jarkko Joki-Tokola, CEO of Eagle Filters Group (formerly known as Loudspring), saw it as a significant opportunity. The company conducts industrial activities on the property and believes it has significant growth potential. The increase in valuation of the property from 0.3 million euros to 4.4 million euros has sparked discussions about accounting practices and equity. However, Joki-Tokola assured that decisions will be made carefully and with transparency.

Eagle Filters’ subsidiary owns an industrial property in Kotka valued at 4.4 million euros by Newsec Advisory Finland. This increase represents a substantial portion of the company’s market value on the stock exchange compared to its past losses. Despite these challenges, Eagle Filters has shown growth potential and plans to focus on achieving profitability in addition to growth in the current year. Overall, this acquisition presents a significant opportunity for Eagle Filters and demonstrates their commitment to strategic investments and growth opportunities within their sector.