Fodelia (FODELIA) Q4 2024 earnings summary

Executive summary

• Continuing-operations net sales grew 19% year over year to EUR 50.3 million; total net sales rose 9.4% to EUR 53.6 million.

• Adjusted operating profit reached EUR 3.0 million, or 5.6% of net sales, despite non-recurring costs.

• Divestments of Perniön Liha, Helsingin Makkaratehdas and Pita Factory supported a strategic focus on core foodservice and consumer brands.

• Riikka Wulff was appointed CEO, effective February 2025.

• The balance sheet strengthened, supporting future investment in profitable growth.

Financial highlights

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

• EBITDA was EUR 6.1 million (11.4% of net sales); adjusted EBITDA was EUR 5.1 million (9.5%), up 11.3%.

• Adjusted EBITA was EUR 3.4 million (6.3% of net sales); reported EBITA was EUR 4.2 million.

• Operating profit was EUR 661 thousand (1.2% margin), down from EUR 2.52 million, affected by one-off items and divestments.

• Profit for the period was EUR -339 thousand; adjusted profit was EUR 660 thousand, and adjusted EPS was EUR 0.08.

Outlook and guidance

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

• Long-term targets include net sales above EUR 100 million by 2028 and an operating profit margin of ~10%; annual net sales growth target is ~20%.

• The board proposed a dividend of EUR 0.09 per share for 2024.