Fodelia (FODELIA) Q1 2026 earnings summary

Executive summary

• Net sales/revenue increased by 9.1% year-over-year to €14.7 million in Q1 2026, with improved profitability and a clarified group structure focused on core businesses.

• Growth was primarily driven by Feelia, while Oikia experienced a decline in net sales, especially in Private Label products.

• Full-year profitability is expected to improve significantly due to efficiency measures and core business investments.

• Active development continued in IT infrastructure, AI utilization, and sustainability initiatives.

Financial highlights

• Operating profit rose to €0.8 million (5.5% margin), up 17.3% year-over-year.

• EBITA increased 15.9% to €0.9 million, profit for the period was €0.5 million, and EPS remained at €0.06.

• Cash balance increased by €0.9 million, supported by strong operating cash flow.

• Equity ratio at 53.1%, net gearing at 22.8%.

Outlook and guidance

• 2026 net sales/revenue are estimated at €59–65 million, with significant improvement in operating profit expected.

• Long-term targets: annual net sales growth of 15–20% and operating profit margin above 10% by 2028; €100 million net sales target moved to 2030.