Inside information, profit warning: Fondia Plc lowers its guidance on the outlook for 2024
Fondia Plc
Company release, inside information
11.9.2024 at 9.15 p.m. EEST
Fondia lowers and specifies its outlook on net sales and operating profit for 2024. The outlook update is based on continued growth challenges in a difficult and uncertain market environment. At the beginning of this year, the company sharpened operational and cost management, but these measures have not had a sufficient impact on operational performance. The company will continue to manage its operations effectively, continuing to focus on what is relevant to the business and taking action to improve the profitability of the business.
Fondia's updated outlook for 2024
Fondia expects net sales for 2024 to be EUR 26–27 million. The company expects adjusted operating profit to be 6 per cent – 8 per cent.
Fondia’s previous outlook for 2024 (published February 15, 2024)
Previously, Fondia expected its net sales for 2024 to be EUR 27–29 million and its adjusted operating profit to be 7 per cent – 10 per cent.
For further information, please contact:
Timo Lappi, Chair of the Board of Directors of Fondia Plc, tel. +358 40 756 7809
Certified Adviser Aktia Alexander Corporate Finance Oy, tel. +358 50 520 4098
Fondia in brief
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 2023 were EUR 26.1 million. Fondia employs around 190 people.
Distribution:
Nasdaq Helsinki Ltd
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