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Kurs & Likviditet

Kursutveckling och likviditet under dagen för detta pressmeddelande

Kalender

2024-10-24 15-10 2024-Q3
2024-08-22 Kvartalsrapport 2024-Q2
2024-04-25 15-10 2024-Q1
2024-03-21 Ordinarie utdelning FONDIA 0.32 EUR
2024-03-21 Bonusutdelning FONDIA 0.2
2024-03-20 Årsstämma 2024
2024-02-15 Bokslutskommuniké 2023
2023-10-26 15-10 2023-Q3
2023-08-24 Kvartalsrapport 2023-Q2
2023-04-26 15-10 2023-Q1
2023-03-24 Ordinarie utdelning FONDIA 0.30 EUR
2023-03-23 Årsstämma 2023
2023-02-16 Bokslutskommuniké 2022
2022-10-27 15-10 2022-Q3
2022-08-25 Kvartalsrapport 2022-Q2
2022-03-25 Ordinarie utdelning FONDIA 0.28 EUR
2022-03-24 Årsstämma 2022
2022-02-17 Bokslutskommuniké 2021
2021-08-26 Kvartalsrapport 2021-Q2
2021-03-19 Ordinarie utdelning FONDIA 0.28 EUR
2021-03-18 Årsstämma 2021
2021-02-18 Bokslutskommuniké 2020
2020-08-27 Kvartalsrapport 2020-Q2
2020-04-28 Ordinarie utdelning FONDIA 0.26 EUR
2020-04-27 Årsstämma 2020
2020-02-25 Bokslutskommuniké 2019
2019-08-29 Kvartalsrapport 2019-Q2
2019-03-28 Ordinarie utdelning FONDIA 0.37 EUR
2019-03-27 Årsstämma 2019
2019-02-14 Bokslutskommuniké 2018
2018-08-30 Kvartalsrapport 2018-Q2
2018-03-16 Ordinarie utdelning FONDIA 0.35 EUR
2018-03-15 Årsstämma 2018
2018-02-15 Bokslutskommuniké 2017
2017-08-18 Kvartalsrapport 2017-Q2

Beskrivning

LandFinland
ListaFirst North Finland
SektorTjänster
IndustriAllmänna tjänster
Fondia är verksamt inom juridik. Bolaget erbjuder affärsjuridiska tjänster och löpande hantering av juridiska ärenden. Exempel på kompetens återfinns inom företagsavtal, personalfrågor, sekretess och konkurrensrätt. Fondia innehar verksamhet koncentrerad till den nordiska marknaden med kunder inom varierande branscher. Huvudkontoret ligger i Helsingfors.
2021-10-29 11:00:00

Unofficial translation

Fondia Plc

Company release published on October 29[th] 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             1-9/2020       

Revenue, Meur                                                     4,6                    3,9                         15,2                   14,5                   

Change in revenue -%                                       17,0 %                                                5,4 %              

EBITDA Meur                                                      -0,2                    0,1                           0,8                     1,4

EBITDA %                                                           -3,3 %               2,6 %                       5,4 %                10,0 %

Operating profit EBIT Meur                                 -0,3                   -0,1                          0,3                      1,0

Operating profit EBIT %                                     -7,5 %               -1,3 %                       2,0 %                 7,1 %                                            

Number of employees FTE,

period average                                                   140                    128                          133                    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 precaution measures executed during comparison period weren't in place during the review period. We have already nearly returned to pre pandemic ways of working.

Fondia proved its appeal on the market and the recruitment of strong professionals continued. The Group's average number of full-time employees (FTE) grew with a total of 12 people within the review period. The recruiting was necessary to ensure growth and professionals have been recruited front-loadingly to respond to increasing customer demand and to strengthen our expertise on selected special legal fields as cyber tech, information security, biotech, and legal tech.

Due to the nature of expertise business the July - September profitability is normally lower than during other quarters. During the review period, profitability was also weakened by the orientation periods of new lawyers when they initially reach normal invoicing levels. Due to an enhanced orientation period the new lawyers are ready to begin customer work sooner and the period of lower invoicing levels varies from only a few weeks to couple of months. During the last quarter of 2021 we focus on bringing new lawyer's invoicing levels to a normal level. The market's growing general demand and the demand for conceptualized services support the process of increasing invoicing levels.

Sweden's growth has been advancing steadily throughout the review period. The sales of conceptualized expert services were flowing effortlessly, and we won several significant ongoing service customers. Our brand has become more familiar in Swedish market due to several notable reference customers this year. In addition to Stockholm and Gothenburg we now have a presence in Malmö as well, to where we currently recruit new lawyers.

The personnel and their wellbeing are one of Fondia's strategic cornerstones. We executed the third annual Siqni employee survey during review period. The survey helps us to continuously develop our actions, leadership and to further emphasize the features that are meaningful to Fondia employees.

Based on Siqni survey overall answers Fondia was granted a Future Workplaces certificate. The certificate is presented to companies that prove they lead their corporate culture with an exceptionally strong employee understanding. We are very proud of our Future Workplaces certificate especially because it was granted to us during the extraordinary COVID-19 time.

Our technology development project is advancing as planned. Our scalable and system integration emphasizing web page structure has been taken into production in all Fondia countries. The development of MyFondia has evolved from conceptualizing into production to create an even more interactive platform for the cooperation of our customers and Fondia. Our new legal tech -lawyer team has started actively working with our customers in helping them with all legal tech related projects and assignments.

Our ways of working are slowly getting back to pre-pandemic routines. Fondia has been guided back to the growth path and we move on to the fourth quarter motivated to continue this growth. We take a confident approach in our profitability increasing already during the end of year and in positively developing through growth next year."

For further information, please contact:

CEO Leena Hellfors

tel. +358 (0)20 7205 698

Approved Advisor Alexander Corporate Finance Ltd

tel. +358 (0)50 520 4098

Fondia in brief

Fondia is a full-service business law firm that offers new service models and utilizes digital technologies. Fondia operates in Finland, Sweden, Estonia and Lithuania, and the Group's net sales in 2020 were approximately €19,6 million. Fondia employs more than 150 people.