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Fiskars: Entering a new growth stage with winning brands
Fiskars' equity story has progressed to an interesting turning point when the new strategy period focuses on growth and operational profitability, which has risen to a good level, and non-recurring costs that have weighed on earnings for long are expected to be completed. We want more evidence from the company before we are convinced that the financial objectives of the new strategy period will be met, but ambitious goals and strong performance under new leadership are encouraging signals to investors.
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.
Read more on company pageKey Estimate Figures28.12.2021
| 2020 | 21e | 22e | |
|---|---|---|---|
| Revenue | 1,116.2 | 1,229.1 | 1,199.4 |
| growth-% | 2.4 % | 10.1 % | -2.4 % |
| EBIT (adj.) | 109.1 | 154.1 | 150.3 |
| EBIT-% (adj.) | 9.8 % | 12.5 % | 12.5 % |
| EPS (adj.) | 0.97 | 1.21 | 1.45 |
| Dividend | 0.60 | 0.80 | 0.95 |
| Dividend % | 4.0 % | 5.7 % | 6.7 % |
| P/E (adj.) | 15.5 | 11.7 | 9.7 |
| EV/EBITDA | 7.3 | 6.1 | 5.4 |
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