Business
FODELIA: Strong Feelia growth offset Oikia weakness; guidance cut, but long-term targets unchanged
FODELIA: Strong Feelia growth offset Oikia weakness; guidance cut, but long-term targets unchanged
About this update from Fodelia Oyj
Net sales grew 10.4% year-over-year in both Q2 and H1, led by strong Feelia performance, while Oikia faced declines due to private label losses and higher costs. Guidance for 2024 was revised downward, but long-term targets and investments in digitalization and own brands remain intact.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.