Fodelia (FODELIA) Q1 2026 earnings summary

Executive summary

• Net sales increased by 9.1% year-over-year to EUR 14.7 million, with improved profitability and a clarified group structure focused on core businesses, particularly Feelia, while Oikia's net sales declined but margins improved.

• Growth was primarily driven by Feelia, which saw net sales rise nearly 16% due to new customers and Delimax products, while Oikia's decline was offset by improved sales margin.

• Strategic focus remains on core businesses, with ongoing investments in IT, AI, and sustainability initiatives.

• The frozen food business will be divested, with the Kokkola plant closing by end of 2026; Oikia's online store will transition to an entrepreneur-driven model.

Financial highlights

• EBITA reached EUR 0.9 million (up 15.9%), operating profit was EUR 0.8 million (5.5% margin), and profit for the period was EUR 0.52 million; EPS was EUR 0.06.

• Operating cash flow was EUR 1.4 million, increasing cash balance by EUR 0.9 million to EUR 1.3 million.

• Dividend of EUR 0.07 per share was paid in April 2026.

Outlook and guidance

• Net sales for 2026 are guided between EUR 59–65 million, with significant improvement in operating profit expected.

• Long-term targets include annual net sales growth of 15–20%, EUR 100 million net sales by 2030, and operating profit margin above 10% by 2028.

• Profitability is expected to improve in coming quarters, supported by process investments and resolution of production issues.