And today he bought about 2000 more.
I would buy, but my self-imposed per-share quota is full.
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On this Finnish National Day, it’s good to peek behind the chip bags. Taffel, that praiser of Åland potatoes, apparently uses EU potatoes. Meaning, for example, Bulgarian or Polish potatoes. Oikia, on the other hand, even names the local farmer from whom the potatoes/oats come. If this could be calmly told to every Finn, the choice on the chip shelf might fall on Oikia. 
Happy Independence Day! 
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The TYKS tender went to Compass Group. If I’m interpreting that at all correctly, the meal price of the winning bid is about €31.38/day.
https://www.hankintailmoitukset.fi/fi/public/procedure/17328/enotice/37893/results
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Does anyone know or can anyone estimate how many tenders are being organized this year or are currently underway?
Which figures did you use to arrive at that meal price?
The only figures I can find from those links are that the estimated value of the tender was projected to be €16.5 million, and that the value of the winning bid is €11,500… 
What am I missing or not understanding here?
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I assumed the unit price used was the cost of one person’s meals per year.
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But where do you find the figures to calculate with? As I wrote, I can’t find anything from those links other than the estimated value of the tender and the value of the winning bid, which furthermore are in different orders of magnitude.
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11,452.24 EUR / 365 days = 31.38€/day. So this would be pretty much in the ballpark of the production cost for meal services in the wellbeing services counties (breakfast, lunch, snack, dinner, and evening snack).
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Fodelia’s organization has been in a fair amount of upheaval recently. Around the turn of the year, new individuals have been appointed to fill even entirely new roles. Most recently, a new Key Account and Export Manager was appointed for Feelia. An interesting appointment all in all.
Presumably, an increase in personnel costs will already start to show following these appointments. But that’s fine as long as the investments are made profitable through revenue growth and improved results as a counterweight. I certainly couldn’t complain if exports were to pick up, bringing new growth opportunities along with it.
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It feels a bit like these wellbeing services county matters have fizzled out, despite being heavily hyped beforehand. Something definitely needs to take their place, such as the exports you mentioned. In the financial statements, “one-off costs and growth investments” are to be expected, as has been the case from one quarter to the next for the past couple of years when the bottom line hasn’t improved.
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Eating pastries (bureaucratic meetings) takes time. Even if the calculated savings were right there on paper, bureaucracy is slow. I’m personally expecting news to trickle in gradually over the coming years.
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The company has grown, recent times aside. Export and key account leadership sounds like a natural progression. If growth came cost-free with massive margins, the price would certainly be in a different league, let alone if the wellbeing services counties were making noise about contracts being finalized. That said, I’m still not saying Fodelia is cheap, and I’d gladly see the earnings catch up, especially at this price.
Could anyone tell me whether Fodelia owns Marjavasu’s old production facility (incl. 0.8ha of land) in the Kuopio region, or was Marjavasu renting it? A year after operations were moved, the facility is apparently still for sale/lease. It’s likely a difficult property to rent out or sell, given its fairly remote location.
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Absolutely – there would be excellent premises for some operator there. A bit out of the way considering the Kuopio market square, but good facilities for many uses and activities. Feel free to tip off Savonian operators…=)
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Here are Pauli’s preview comments, as Fodelia releases its Q4 results on Thursday, Feb 5.
We estimate that Feelia’s development has continued to be good, including double-digit organic growth and good profitability. In contrast, Oikia’s result is at risk of weakening due to intensified private label competition. We expect upward-trending guidance for 2026 in terms of both revenue and profitability.
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OP has also released preview comments (Jan 16, 2026) with similar sentiments and expectations: Q4/25 revenue of EUR 14.4 million and adjusted operating profit of EUR 0.9 million. Feelia is expected to have grown at a very steady pace, while challenges in Oikia continued for at least part of the quarter.
Ahead of the financial statements, OP maintained its BUY recommendation and a target price of EUR 6.70 based on a cash flow model. The current valuation is considered attractive and does not price in new tender wins or client acquisitions. The drivers remain the same: growth opportunities in the school, daycare, and care markets, cost efficiency, and M&A.
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Jukka Ojala (the second largest shareholder) has continued selling. No wonder the share price has dipped a bit. Hopefully, after the earnings report, it will find some upward momentum again. If Feelia continues its double-digit growth, that’s enough for me.
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I had a conversation with an AI, so the information might not necessarily be accurate and I didn’t verify it. No big deals were made in 2025, but hopefully we’ll get one or a few bigger deals done this year.
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and now, quickly, Finnish meat into these! At what point did this change, at least regarding the meat soup?? Oikia products containing foreign meat are definitely going on boycott now.
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Hello, Finnish beef has been “in short supply” both in stores and for industrial use. For that reason, we have had no other choice but to switch to EU beef in some products. At times, the situation has been such that domestic beef could not be obtained at any price. Fortunately, the availability situation is now easing. Feelia strives to use domestic raw materials in all its products, but when they are not available, there is no other option.
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