Earnings release
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Fodelia Kotimaista kasvuvoimaa FODELIA OYJ GROUP BUSINESS REVIEW 1 January - 30 September 2021 ( unaudited ) Page 1 THE GROUP'S NET SALES INCREASED BY 50 PER CENT IN JANUARY - SEPTEMBER , POSITIVE SHIFT IN PROFITABILITY HIGHLIGHTS OF THE BUSINESS REVIEW This business review is unaudited . Unless otherwise stated , figures in parentheses refer to the corresponding period in 2020 in the same unit . Summary for January - September 2021 • • • Net sales for the period grew by 49.8 % , amounting to EUR 25,011 thousand ( 1-9 / 2020 : EUR 16,700 thousand ) EBITDA for the period grew by 43.3 % , amounting to EUR 1,708 thousand ( 1,192 thousand ) and representing 6.8 % of net sales ( 7.1 % ) EBIT for the period grew by 61.9 % , amounting to EUR 848 thousand ( 524 thousand ) and representing 3.4 % of net sales ( 3.1 % ) Summary for July - September 2021 • Net sales for the period grew by 44.6 % , amounting to EUR 8,875 thousand ( 6,139 thousand ) • EBITDA for the period grew by 97.4 % , amounting to EUR 926 thousand ( 469 thousand ) and representing 10.4 % of net sales ( 7.6 % ) • EBIT for the period grew by 218.4 % , amounting to EUR 767 thousand ( 241 thousand ) and representing 8.6 % of net sales ( 3.9 % ) 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 % . Key figures Group EBIT in thousands of euros % of net sales Profit for the period in thousands % of net sales Net sales in thousands of euros EBITDA in thousands of euros % of net sales E Earnings per share , EUR Equity ratio , % Net gearing , % Return on equity , % Return on investment , % Balance sheet total in thousands of Average number of employees BUSINESS OVERVIEW 7-9 / 21 8,875 7-9 / 20 Change % 1-9 / 21 1-9 / 20 Change % 1-12 / 20 6,139 926 469 44.6 97.4 25,011 16,700 49.8 22,963 1,708 1,192 43.3 1,695 10.4 7.6 6.8 7.1 7.4 767 241 218.4 848 524 61.9 839 8.6 3.9 3.4 3.1 3.7 526 132 298.9 478 317 51.1 623 5.9 2.1 1.9 1.9 2.7 0.07 0.02 0.06 0.04 0.09 37.2 41.1 37.2 41.1 42.1 104.3 49.7 104.3 49.7 72.3 21.7 7.9 6.6 6.4 7.1 14.7 7.3 5.4 5.3 5.0 26,090 16,148 61.6 26,090 16,148 61.6 20,886 128 76 68.4 122 78 56.4 89