7 December 2024
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Market + Management

Fodelia Group: had a promising start to 2024

Pyhäntä / FI. (foy) The Group’s business developed well during the period under review. Consolidated net sales increased by 17 percent and profitability improved significantly, Finland’s Fodelia Oyj Group says in its Q1-2024 financial statement. The business review is unaudited. Unless otherwise stated, figures in brackets refer to the corresponding period in 2023 in the same unit. Summary for January to March 2024:

  • Net sales for the period under review increased by 16.6 percent and amounted to EUR 13,674 thousand (11,732 thousand)
  • Ebitda for the period was EUR 1,358 thousand (922 thousand), or 9.9 percent of net sales (7.9 percent)
  • Ebita for the period was EUR 918 thousand (573 thousand), or 6.7 percent of sales (4.9 percent).
  • Ebit for the period was EUR 807 thousand (463 thousand), or 5.9 percent of net sales (3.9 percent)

The company’s management estimates the Group’s net sales for 2024 to be approximately EUR 54 to 58 million. Operating profit margin is estimated to increase from the previous year. Chief Executive Mikko Tahkola: Fodelia Group had a promising start to 2024. The Group’s net sales have continued to grow, and profitability is higher than in the previous year. The development of the Feelia business, in particular, was very good in the first quarter.

Key figures Q1-2024 versus Q1-2023

20240624-FODELIA-Q12024(Table: Fodelia Oyj Group)


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