Interim report
Page 1
Fodelia Kotimaista kasvuvoimaa FODELIA OYJ GROUP - HALF - YEAR FINANCIAL REPORT 30 June 2021 ( unaudited ) THE GROUP'S NET SALES GREW BY 53 PER CENT BETWEEN JANUARY AND JUNE HALF - YEAR HIGHLIGHTS This half - year financial report is unaudited . Unless otherwise stated , figures in parentheses refer to the corresponding period in 2020 in the same unit . Summary for January - June 2021 • Net sales for the period grew by 52.8 % and amounted to EUR 16,136 thousand ( 1-6 / 2020 : EUR 10,560 thousand ) . Acquired businesses Perniön Liha and Pita Factory accounted for 53.7 % of the growth , while organic growth excluding the impact of acquisitions was 20.3 % . • EBITDA for the period was EUR 782 thousand ( 723 thousand ) , representing 4.9 % of net sales ( 6.8 ) • • EBIT for the period was EUR 81 thousand ( 283 thousand ) , representing 0.5 % of net sales ( 2.7 ) The performance during the period was affected by the continuation of the coronavirus pandemic , growth investments , additional costs of growth in production and logistics as well as increased raw material and material costs During the period , the Group invested EUR 2,634 thousand ( 1,183 thousand ) . The period saw the completion of the expansion of the Feelia factory and the introduction of Real Snacks ' automated packaging machinery . Summary for April - June 2021 • Net sales for the period grew by 66.6 % and amounted to EUR 8,617 thousand ( 5,174 thousand ) • EBITDA for the period was EUR 432 thousand ( 471 thousand ) , representing 5.0 % of net sales ( 9.1 ) • EBIT for the period was EUR 121 thousand ( 251 thousand ) , representing 1.4 % of net sales ( 4.9 ) Outlook for 2021 The company's management maintains the previously published outlook and estimates the Group's net sales in 2021 to be approximately EUR 30-35 million with an operating profit margin of approximately 5-8 % . The management estimates that the result for the financial year will not be evenly distributed between the different quarters ; it is estimated that the profitability will be better in the second half of the year compared to the first . CLASSIFICATION : CONFIDENTIAL