Fiskars: Weak Q2 expected but the share is cheap

By Inderes
The late spring and retailers’ high inventory levels are expected to cause more headwind for Fiskars than we previously estimated resulting in us cutting our estimates. For 2022, we now expect adjusted EBIT to be roughly at last year's level while the company’s guidance is increasing EBIT. Even with this conservative estimate, the share valuation is relatively low, considering the company's improved performance and growth expectations for the next few years.