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Fodelia (FODELIA) investor relations material
Fodelia Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net sales grew by 6.6% in Q3 and 9.1% year-to-date, with group net sales at EUR 13.5 million for Q3 and EUR 41.5 million year-to-date, mainly driven by Feelia's strong performance, though overall growth was slower than expected due to a weak Foodservice market.
Operating profit margins declined year-over-year, with Q3 EBIT at 6.1% of net sales (EUR 0.8 million) versus 8.1% last year, and year-to-date adjusted EBIT at 4.9%; margin improved from H1 but lagged the prior year.
Feelia achieved 11% net sales growth in Q3 and 12.9% year-to-date, outperforming a declining Finnish food service market; September was a record month.
Oikia's net sales declined by 6.7% in Q3 and 3.7% year-to-date, with profitability dropping sharply due to lower private label sales and pricing pressures, though in-house brand sales rose 22% year-to-date.
Divestments in 2024 (Perniön Liha, Helsingin Makkaratehdas, pita bread) impact comparability; adjusted figures exclude non-recurring items.
Financial highlights
Q3 comparable net sales: EUR 13.5 million (+6.6% YoY); year-to-date: EUR 41.5 million (+9.1% YoY); Jan–Sep 2025 net sales rose 0.9% to €40.5M.
Q3 EBIT: EUR 0.8 million (6.1% margin), down from EUR 1 million (8.1%) last year; Jan–Sep EBIT was €1.8M (4.4% margin), up from €1.1M (2.7%).
Adjusted EBITDA for Q3: EUR 888,000 (6.6% margin), down from EUR 1.1 million (8.8%) last year; Jan–Sep adjusted EBITDA was €3.5M (8.6% margin), down from €3.9M (9.8%).
Adjusted profit for Jan–Sep was €1.2M (2.9% margin), down 10.8% YoY.
Equity ratio at 55.1% (up from 51.1% YoY); net gearing at 20.3% (down from 26.0% YoY); adjusted ROE at 12.6% (down from 13.8% YoY); return on investment at 15.6% (down from 17.9% YoY).
Outlook and guidance
Guidance for the year remains unchanged, with full-year net sales expected to be closer to EUR 54–59 million.
Adjusted operating profit margin expected to remain at or slightly below previous year.
Focus is on long-term profitable growth, with a target to reach annual net sales of EUR 90 million by 2028.
Management expects growth to accelerate after a year of internal process improvements and investments in sales capabilities.
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