Fodelia Group: Business Review First Half 2023

Pyhäntä / FI. (foy) Finland’s Fodelia Oyj Group announced its unaudited results for the first half 2023.

Summary for January to June 2023

  • Net sales in the period under review increased by 24.8 percent and amounted to EUR 24,259 thousand (EUR 19,432 thousand).
  • Ebitda for the period was EUR 1,948 thousand (1,276 thousand) or 8.0 percent of net sales (6.6 percent).
  • Ebita for the period was EUR 1,214 thousand (615 thousand) or 5.0 percent of net sales (3.2 percent).
  • Ebit for the period was EUR 993 thousand (455 thousand) or 4.1 percent of net sales (2.3 percent).

Summary for April to June 2023

  • Net sales for the period grew by 21.4 percent, amounting to EUR 12,526 thousand (10,319 thousand).
  • Ebitda for the period was EUR 1,026 thousand (765 thousand) or 8.2 percent of net sales (7.4 percent).
  • Ebita for the period was EUR 641 thousand (430 thousand) or 5.1 percent of net sales (4.2 percent).
  • Ebit for the period was EUR 530 thousand (350 thousand) or 4.2 percent of net sales (3.4 percent).

20230823-FODELIA-H1-2023

Outlook for 2023
The company’s management maintains the outlook and estimates the Group’s net sales in 2023 to be approximately EUR 45-52 million. Operating profit margin is estimated to increase from the previous year. The effects of the war in Ukraine on the price and availability of materials and prices in general.