28 October 2024
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Market + Management

Fodelia Group: 2024 Time of good growth and development

Pyhäntä / FI. (foy) The Group’s business performed very well in the third quarter. Comparable continuing operations net sales increased by 18 percent in July–September compared to the same period last year. Operating income excluding the costs of the long-term incentive scheme for the period was approximately 10 percent, Finland’s Fodelia Oyj Group says in its unaudited 9M-2024 financial statement.

Summary for January to September 2024 (versus 9M-2023)

  • Net sales increased by 9.9 percent to EUR 40,121 thousand (36,507).
  • Adjusted Ebitda was EUR 3,912 thousand (3,448 thousand), or 9.8 percent of net sales (9.4).
  • Ebitda was EUR 5,236 thousand (3,448 thousand), or 13.1 percent of net sales (9.4).
  • Adjusted Ebita was EUR 2,655 thousand (2,315 thousand), or 6.6 percent of net sales (6.3).
  • Ebita was EUR 1,402 thousand (2,315 thousand), or 3.5 percent of net sales (6.3).
  • Adjusted Ebit was EUR 2,354 thousand (1,982 thousand), or 5.9 percent of net sales (5.4).
  • Ebit was EUR 1,101 thousand (1,982 thousand), or 2.7 percent of net sales (5.4).

«The year 2024 has been a time of good growth and development for the Group. Comparable net sales increased by 18 percent in the third quarter and operating profit exceeded the target limit of 8 percent. The figures for July– September also include EUR 280 thousand of costs of the longer-term incentive scheme, and the operating income excluding these costs was more than 10 percent,» CEO Mikko Tahkola says in his business overview. For additional information please read the company’s PDF file below (282 KB).

20241024-FODELIA-9M2024.


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