Here are the quick comments from Pauli on Fodelia’s Q2 results.
Fodelia published its Q2 report today, which was weaker than expected based on the headline figures. Feelia’s lower-than-expected sales and profitability were due to, among other things, a single events-sector customer and the temporary impacts of production efficiency measures. Oikia, on the other hand, performed better than anticipated. In our view, the risk regarding the guidance has increased, even though the company expects growth to strengthen in the second half of the year, supported by the market entry into Sweden, among other factors.