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Unofficial translation Quarterly report July- September 2021 : Fondia Plc : growth continues - expansive recruiting decreased profitability on third quarter . Fondia Plc Company release published on October 29th 2021 at 8:30 . Quarterly report July - September 2021 The company complies with the half year reports required by the Securities Markets Act and publishes quarterly reports for the first three and the first nine months of the year , which present key information describing the company's financial development . The financial information presented in this quarterly report is unaudited . Financial development in July - September and January - September 2021 . GROUP 7-9 / 2021 7-9 / 2020 1-9 / 2021 Revenue , Meur Change in revenue - % EBITDA Meur EBITDA % Operating profit EBIT Meur Operating profit EBIT % Number of employees FTE , period average 4,6 17,0 % -0,2 -3,3 % -0,3 -7,5 % 140 3,9 0,1 2,6 % -0,1 -1,3 % 128 15,2 5,4 % 0,8 5,4 % 0,3 2,0 % 133 1-9 / 2020 14,5 1,4 10,0 % 1,0 7,1 % 131 CEO Leena Hellfors " Fondia's revenue grew by 17 % hitting 4,6 ( 3,9 ) million euros over the period of July - September . Revenue development was a consequence to a better demand but mostly a result of well - timed actions in line with our growth strategy . These actions were successful recruitments and the successful conceptualization of our productized expert services , which in turn made buying and selling our services easier . However , the growth of net sales wasn't enough to compensate the relatively expanded personnel expenses and due to that our operating profit decreased from the comparison period . Additionally increased premise expenses and technology development expenses diluted operating profit . The pandemic