Fodelia (FODELIA) Q4 2024 earnings summary

Executive summary

• Net sales from continuing operations grew by 19% year-over-year to EUR 50.3 million, with total group net sales up 9.4% to EUR 53.6 million.

• Adjusted operating profit improved 19% to EUR 3.0 million, or 5.6% of net sales; excluding one-off items, adjusted operating profit was EUR 3.28 million (6.2% margin).

• Major strategic changes included divestment of non-core businesses and a focus on core foodservice and consumer brands.

• Riikka Wulff appointed as new CEO effective February 2025, bringing extensive leadership experience.

Financial highlights

• Q4 net sales from continuing operations rose 24% year-over-year; total Q4 net sales up 7.8% to EUR 13.4 million.

• Adjusted EBITDA for the year was EUR 5.1 million (9.5% of net sales), up 11.3% year-over-year.

• Group operating profit was EUR 661 thousand (1.2% margin), down from EUR 2.52 million (5.1%) due to one-off items and divestments.

• Adjusted review period result was EUR 2.0 million (3.7% of net sales), up 66% year-over-year.

• Earnings per share was EUR -0.04, compared to EUR 0.15 last year.

Outlook and guidance

• 2025 net sales expected at EUR 58–63 million, with improved relative profitability.

• Long-term targets: net sales over EUR 100 million by 2028 and operating profit margin of ~10%.

• Board proposes a dividend of EUR 0.09 per share, about 37% of adjusted net profit.