Half Year 2026 Fodelia Oyj Earnings Call Transcript
Key Points
- Group net sales grew 7% in H1 2026, with Feelia's net sales up nearly 12%.
- Operating profit improved to 4.7% in H1 2026 from 3.6% a year earlier.
- Oikia's own brand sales increased 22%, boosting snacks profitability to 6.9% operating margin in Q2.
- Entry into the Swedish market is progressing, with deliveries set to start in September.
- Strong balance sheet with equity ratio of 52.4% and stable operating cash flow of EUR2.2 million in H1.
- Growth was slowed by a significant decline in sales to a major customer organizing a large annual event.
- Feelia's operating margin slightly decreased to 7.6% in H1 from 8.1% a year ago.
- Oikia's total net sales declined 8.4% in H1 due to weak Q1 and low-margin private label business.
- Investments in processes and capacity expansion will increase costs in the short term.
- Fodbar's future remains uncertain due to the temporary nature of the Oulu agreement and new capital loan impacting reported profit.
Good morning and warm welcome to Fodelia's half year webcast. I am Riikka Wolf, Group CEO and with me in studio is Janne Aalto, our Group CFO.
I will first comment some highlights on group level and then move into the business unit level to comment some highlights and the development behind the figures as well. Janne will continue with the financial development and at the end we will have good time for questions and answers.
But let us start with the key figures. Net sales on Q2 were at EUR4.2 million compared to EUR13.5 million last year, which means 5% change in net sales. Operating profit EUR0.5 million compared to EUR0.3 million a year ago and operating profit of 3.8% compared to 2.1 last year. And all the figures are unadjusted figures. And for the first half as a whole, net sales EUR28.9 million compared to EUR27 million a year ago, which means a 7% change in net sales. Operating profit on group level on first half of the year was EUR1.3 million compared to EUR1 million a year ago, which means 4.7%
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
