Fondia, that different law firm

Here is a company report from Kinnunen after Fondia’s Q1. :slight_smile:

The company’s Q1 result was a slight disappointment, but the cost structure has now decreased, and there was no reason for significant forecast changes. The stock’s valuation is at rock bottom (2025e EV/EBITA below 8x), and the expected return is very good. On the risk side, it must be mentioned that the competitive landscape for legal services could tighten significantly if larger transactions were to freeze again due to increased uncertainty.

Quoted from the report:

"..Previously, the company also stated in its outlook that the full impact of the company’s change negotiations on the group’s revenue is difficult to assess more precisely. This had been removed from the outlook, which likely indicates that the internal situation has calmed down and the outlook has thus stabilized."

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