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Fondia solves the legal needs of companies by combining the best services from internal legal departments and law firms. Fondia operates in Finland, Sweden, Estonia, and Lithuania, and the Group’s net sales in 2022 were €24.6 million. Fondia employs over 180 people.

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    Fondia's change negotiations concluded

    Fondia PlcPress release2025-01-22 at 9.05 a.m. EET  Fondia announced on 3 December 2024 that the company was starting change negotiations concerning the entire personnel of the Finnish company based on production-related and financial grounds in accordance with the Act on Cooperation. The aim of the change negotiations was to optimise and reorganise operations, thereby increasing the company's productivity and competitiveness. The change negotiations started on 11 December 2024 and were completed today. At the start of the negotiations, the company estimated that the plans could

    Inside information: Preliminary information on Fondia Group's results for 2024

    Fondia Plc Company release, inside information 2025-01-22 at 9.02 a.m. EET  Fondia Plc provides preliminary information on its financial performance for the financial year 2024. Based on preliminary and unaudited information, the net sales for January-December 2024 were approximately EUR 25.6 million and the adjusted operating profit was approximately 5.2% for January–December 2024.  Net sales and adjusted operating profit for the financial year 2024 are in line with the updated outlook of 28 November 2024. Fondia estimated the net sales for 2024 to be EUR 25–26 million and

    Inside information: Harri Savolainen, CEO of Fondia, resumes as CFO, Timo Lappi to serve as Interim CEO – also other changes in Group Management Team

    Fondia Plc Company release, inside information2025-01-22 at 9.00 a.m. EET  The Board of Directors of Fondia Plc and CEO Harri Savolainen have agreed that Savolainen will leave his position as CEO and resumes his role as CFO as of 22 January 2025. He held the position of CFO of the company from 2019 to 2022 and the position of interim CEO from 2021 to 2022. In 2022, Savolainen became Fondia’s permanent CEO, and alongside these duties, he has also carried out tasks pertaining to the CFO. The company's Board of Directors has launched a search for a new CEO and appointed Timo Lappi,

    Fondia Plc's share repurchase programme 20 May 2024–20 December 2024 has ended

    Fondia Plc Company release 2024-12-20 at 7.25 p.m.  Fondia has completed its own share repurchase programme, which the company announced on 17 May 2024.The repurchases of own shares started on 20 May 2024, and ended on 20 December 2024. During this period, Fondia repurchased a total of 67,103  of its own shares, with a total value ofEUR 418,916.30 and an average price of EUR 6.24 per share. The shares were acquired in public trading on the Nasdaq First North Growth Market Finland at the market price at the time of acquisition. The treasury shares were acquired in accordance

    Inside information: Fondia Plc starts change negotiations in Finland to improve the efficiency of its operations

    Fondia PlcCompany release, inside information3.12.2024 at 9.10 a.m. EET In accordance with the Act on Cooperation, Fondia will start change negotiations of the entire personnel of the Finnish company based on production-related and financial grounds. The aim is to optimize and reorganise operations, thereby increasing the company's productivity and competitiveness. The negotiations will commence on December 11, 2024, and will last at least six weeks, unless another negotiating timetable is agreed in the negotiations. The negotiations concern all Finnish personnel, a total of 130

    Inside information, profit warning: Fondia Plc lowers its guidance on the outlook for 2024

    Fondia Plc Company release, inside information 28.11.2024 at 10.10 p.m. EET Fondia lowers its outlook published on September 11, 2024, on net sales and operating profit for 2024 due to the continued difficult and uncertain market situation. The signs of an early autumn budding market turnaround have not materialised in our company's assignments as we had previously estimated. Throughout the year, the company has sharpened its operations and cost management, but these measures have not had a sufficient impact under the prevailing market conditions. The company continues to take

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