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Fiskars is a manufacturer of products for the home and household. The product range is broad and consists of, for example, scissors, garden and food tools, as well as other products for the home and garden. Operations are held on a global level where the products are sold under various own brands. The largest operations are found in the European market. The headquarters are located in Helsinki.
Fiskars' Q2 earnings fell short of Modular Finance consensus expectations. The company delivered continued comparable growth and was able to squeeze the first benefits from Vita BA's profit-improvement programme. Fiskars' BA margin expansion remained...
Fiskars Q2 adjusted EBIT of EUR 7.7m came 40% below Modular Finance consensus expectations with 4% lower top line. Net sales were up 1% y/y to EUR 261m with +2.7% y/y comparable sales growth (we had modelled +5.7%). Fiskars BA comparable sales were stable...
We maintain our estimates intact ahead of Fiskars' Q2 report. We model 4% y/y sales growth (6% LFL growth) to EUR 268m, 1% below pre-Q2 Modular Finance consensus. We forecast EUR 10m adjusted EBIT in Q2E, 22% below consensus at EUR 12.8m. We are fairly...
Today, Fiskars announced change to its top management. Current CFO Jussi Siitonen will continue as CFO until August when the new CFO, Niko Haavisto takes the role. Mr. Haavisto has earlier served as CFO at Nokian Tyres and asset management company CapMan...
