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 measures to improve its performance.
Fondia's updated outlook for 2024
Fondia expects net sales for 2024 to be EUR 25–26 million. The company expects adjusted operating profit to be 4–6 per cent.
Fondia’s previous outlook for 2024 (published September 11, 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 Plc
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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