Fodelia (FODELIA) Q2 2026 earnings summary

Executive summary

• Revenue grew 7% year-over-year to €28.9 million in H1 2026, with operating profit improving to €1.3 million from €1.0 million.

• Adjusted EBITA for H1 2026 was €1.6 million (5.4% of revenue), up from €1.3 million (4.7%).

• Growth was led by the Feelia segment, though a major summer event's lower sales slowed overall growth.

• Oikia's own brand sales rose 22% in Q2, and profitability improved significantly.

• The Oikiaruoka.fi business was divested, and Feelia will exit the Kokkola frozen foods plant by late 2026.

Financial highlights

• H1 2026 revenue: €28.9M (up 7% from €27.0M in H1 2025).

• H1 2026 operating profit: €1.3M (up from €1.0M in H1 2025); operating margin 4.7% (3.6%).

• Q2 2026 revenue: €14.2M (up 5% from €13.5M in Q2 2025); Q2 operating profit: €0.5M (up from €0.3M).

• H1 2026 adjusted net profit: €0.95M (3.3% margin), up 50% year-over-year.

• Equity ratio at period end was 52.4%; net gearing increased to 34.5%.

Outlook and guidance

• 2026 revenue expected at €59–65M, with significant operating profit improvement over 2025.

• Long-term targets: 15–20% annual revenue growth, €100M revenue by 2030, operating margin above 10% by 2028, and ROIC over 10%.

• Guidance assumes continued demand for cost-efficient meal solutions and growth in Feelia and Oikia segments.