Fondia (FONDIA) Q1 2026 earnings summary

Executive summary

• Profitability improved in Q1 2026, with net sales nearly matching the prior year and notable commercial successes.

• EBITDA and operating profit increased year-over-year, supported by cost optimization and commercial activities in Finland and the Baltics.

• Leadership team strengthened with new appointments to drive commercial expertise and market position, especially in Sweden.

• Strategic focus remains on growth, customer and employee experience, and advancing key projects.

Financial highlights

• Net sales were €6.4M, down 1.8% year-over-year from €6.5M.

• Adjusted EBITDA rose to €0.7M from €0.4M, with margin improving to 10.6% from 6.7%.

• Adjusted EBIT increased to €0.5M from €0.2M, margin up to 7.1% from 3.4%.

• Non-recurring expenses were €6K in Q1 2026, compared to €309K in Q1 2025.

• Average personnel (FTE) decreased by 11.1% to 136.

Outlook and guidance

• Net sales and adjusted EBITDA margin are expected to grow for the full year 2026 compared to the previous year.