Forecast for 2019 and 2020

Fodelia’s management estimates the group’s pro forma net sales to increase to approximately EUR 20 million for the period 1–12/2019, while the pro forma net sales excluding non-recurring expenses of going public and before non-recurring items are estimated to amount to over EUR 2 million.

The company’s management estimates that the group’s net sales will increase by more than 35% in the financial year 2020 compared to the pro forma net sales for the period 1–12/2019 and that the operating margin will align with medium-term targets.