contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


fiskars-slowing-demand-puts-pressure-earnings

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Rauli Juva

Thomas Westerholm

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.

Here is a fresh company update from Rauli right after the Q4 results  Fiskars’ Q4 results were weak, and we do not expect a quick turnaround this year either. However, the guidance expects a full-year earnings improvement in line with our forecasts. In our view, the stock is already pricing in a significantly better performance. We reiterate our EUR 11.5 target price and Reduce recommendation.                   Inderes              Fiskars Q4'25: Käänne siintää, mutta arvostus on jo edellä - Inderes    Fiskarsin Q4-tulos oli vaisu, eikä nopeaa käännettä ole mielestämme luvassa tänäkään vuonna.

I’ve been thinking about Fiskars lately, which hasn’t been discussed much on the forums for a while (aside from a brief mention of the earnings report), and I hadn’t followed the company myself for a long time either. The company is clearly at the bottom of the consumer cycle. In the US and Europe, demand has been weak, and channel destocking has weighed on volumes and margins. In this sense, the bad news is already well known. For me, the key question isn’t so much whether consumption in the US will start growing strongly—as that is hard to believe given the current political and economic uncertainty—but rather whether mere normalization is enough. In my opinion, Fiskars doesn’t need a new consumer boom, but rather for the purchasing rhythm and inventory levels to return to normal. The brands aren’t broken, and it’s not a matter of price competition in the budget segment. On the other hand, risks cannot be ignored. If consumer demand, especially in the US, remains permanently weak or weakens further, the recovery could be drawn out. Fiskars is not a defensive company, but a clear recovery bet that requires time and patience. It would be interesting to hear how others see this. Is Fiskars more of an opportunity or a trap at current prices? And how much weight do you think should be given to the US development in this case?

The stock reacted positively to the Q4 report; the surprisingly unchanged dividend and the large savings program were likely the positive takeaways here, but overall, both Q4 and the outlook were expectedly subdued. Commentary attached.                   Inderes              Fiskars Q4’25 -pikakommentti: Odotetun vaisu tulos, vakaa osinkoehdotus...    Fiskarsin Q4:n oik. liiketulos jäi hieman ennusteestamme. Heikosta koko vuoden tuloksesta ja taseesta huolimatta yhtiö ehdottaa yllättäen osingon säilymistä vertailukauden tasolla.

Here are Rauli’s pre-result comments as Fiskars reports its earnings on Thursday.  We expect Fiskars’ Q4 results to fall below the comparison period, in line with the profit warning issued in November. In the report, our attention will focus particularly on the 2026 guidance and the dividend proposal, which is under significant pressure for a cut. We expect the company to update its strategy and financial targets, but we estimate these may not be forthcoming until the spring.                   Inderes              Fiskars Q4'25 -ennakko: Osinkosakset viuhuvat - Inderes    Odotamme osingon putoavan 0,35 euroon heikon tuloskehityksen ja korkean velkaantuneisuuden vuoksi.

Little by little, the Fiskars investment story is progressing as the company sells off various holdings. This time, a couple of log cabins in Lappohja are on offer: Kaksi rakennusta myytävänä, sijainti Raasepori /Två byggnader till salu, belägna i Raseborg, Raasepori | Huutokaupat.com Though I don’t expect this sale to reduce debt much or increase dividend flow. It is, however, interesting to keep track of everything they’ve ended up owning.

Here are Rauli’s comments from Fiskars’ pre-silent period call last week.  Fiskars organized a pre-silent period call last week. In November, the company lowered its guidance for the second time this year and now expects comparable EBIT to be EUR 75-85 million. Thus, the somewhat weak Q4 outlook was already known to us, and according to our understanding, there have been no significant changes regarding the Vita segment. In addition, we estimate that the mild early winter will have a negative impact on the Fiskars segment’s Q4 figures. We are lowering our forecasts slightly in connection with this comment. We expect the full-year comparable EBIT to settle at the lower end of the guidance, i.e., EUR 78 million.                   Inderes              Fiskarsin lähiaikojen näkymä jatkuu vaisuna - Inderes    Fiskars järjesti viime viikolla hiljaista jaksoa edeltävän puhelun. Yhtiö laski marraskuussa jo toistamiseen tänä vuonna ohjeistustaan ja odottaa nyt oik. liikevoiton olevan 75-85 MEUR.

Fiskars Group’s Q4 pre-silent period newsletter is now out: Q4 2025 pre-silent period newsletter (eng.). In this IR newsletter, you will find a summary of the quarter’s key themes and highlights. You can also subscribe to the newsletters via email at: IR newsletter - Fiskars Group. Fiskars Group’s silent period begins on January 6, 2026, and we will publish our 2025 financial statements bulletin on February 5. Warm Christmas wishes from the Fiskars Group IR team

Fiskars

We expect slowing consumer demand to be visible in Fiskars' development over the coming year. With our estimates the performance improvement indicated by the company’s guidance will be very ...

<p>We expect slowing consumer demand to be visible in Fiskars' development over the coming year. With our estimates the performance improvement indicated by the company’s guidance will be very modest. We do, however, believe that Fiskars' performance is structurally much higher than before COVID. At the current performance level we feel that the valuation (EV/EBIT about 8.5 and PE 10-11x in 2022-23) is favorable, but the weak short-term outlook and the valuation level of peers / increased interest rate level limits the upside potential.</p> 

	2021	22e	23e
Revenue	1,254.4	1,294.8	1,299.9
growth-%	12.4 %	3.2 %	0.4 %
EBIT (adj.)	154.4	157.5	150.8
EBIT-% (adj.)	12.3 %	12.2 %	11.6 %
EPS (adj.)	1.21	1.56	1.41
Dividend	0.76	0.82	0.82
Dividend %	3.3 %	6.5 %	6.5 %
P/E (adj.)	19.1	8.1	8.9
EV/EBITDA	9.3	5.5	5.0

Fiskars: Slowing demand puts pressure on earnings

Key Estimate Figures26.09.2022

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