Finland's Fondia Q3 sales rise, maintains 2026 forecast
Finland's Fondia Q3 sales rise, maintains 2026 forecast
Overview
Finland legal services firm's Q3 net sales rose 8.1% yr/yr to EUR 5.3 mln
Adjusted EBITDA and operating profit margins improved from previous year
Company maintained outlook for 2026 net sales growth and improved adjusted EBITDA margin
Outlook
Fondia expects 2026 net sales to grow versus 2025
Company sees 2026 adjusted EBITDA margin improving from 2025
Company says work to improve growth and profitability will continue
Result Drivers
REGIONAL GROWTH - Co said Q3 sales rose in Sweden by 20.6% and in the Baltics by 8.2% yr/yr
SERVICE CONTINUITY - Co said it maintained customer service levels during the summer holiday period
CUSTOMER SATISFACTION - Co reported higher customer satisfaction with NPS of 82, up from 68 yr/yr
Company press release: ID:nWkrbvgFF1
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | EUR 5.30 mln | EUR 5 mln (1 Analyst) |
Q3 Adjusted EBITDA |
| EUR 500,000 |
|
Q3 Adjusted Operating Income |
| EUR 200,000 |
|
Q3 EBITDA |
| EUR 500,000 |
|
Q3 Operating Income |
| EUR 200,000 |
|
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the business support services peer group is "buy."
Wall Street's median 12-month price target for Fondia Oyj is €6.20, about 30.5% above its October 21 closing price of €4.75
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago
Reuters Recommended Reads
Oct 21 - Legal AI startup Legora valued at $8.8 billion in new $550 million funding round
Oct 22 - Sweden's AFRY beats Q3 sales estimates on strong order backlog
Oct 20 - Sweden's Upsales Technology Q3 net sales rise, EBITDA margin hits record
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)