Financials

In this section you will find Fiskars Group’s key financial information, such as long-term financial targets, key figures, financial position and guidance.

Five years in figures

		2023	2022	2021	2020	2019

Net sales	EUR million	1,129.8	1,248.4	1,254.3	1,116.2	1,090.4
of which outside Finland	EUR million	1,024.0	1,136.0	1,142.0	1,021.9	977.5
in percent of net sales	%	90.6	91.0	91.0	91.5	89.6
export from Finland	EUR million	21.2	20.4	24.2	20.1	20.2
Change of net sales, %	%	-9.5	-0.5	12.4	2.4	-2.5

Gross profit	EUR million	511.4	555.9	539.8	452.0	447.3
% of net sales	%	45.3	44.5	43.0	40.5	41.0
EBIT	EUR million	98.9	134.7	142.8	98.0	60.1
% of net sales	%	8.7	10.8	11.4	8.8	5.5
Comparable EBIT	EUR million	110.3	151.0	154.2	109.0	77.8
Comparable EBITDA	EUR million	175.8	210.3	215.7	185.1	137.3
Change in fair value of biological assets	EUR million	4.8	1.1	1.3	0.7	-0.2
Financial items net	EUR million	-24.0	-11.7	0.0	-8.9	3.4
% of net sales	%	-2.1	-0.9	0.0	-0.8	0.3
Profit before taxes	EUR million	79.7	124.1	144.1	89.8	63.2
% of net sales	%	7.1	9.9	11.5	8.0	5.8
Income tax	EUR million	-9.7	-25.0	-56.5	-21.3	-10.8

Profit for the period attributable to the equity holders in the parent company	EUR million	69.9	98.2	86.6	67.6	51.7
% of net sales	%	6.2	7.9	6.9	6.1	4.7
Non-controlling interests	EUR million	0.2	0.9	0.9	0.8	0.7

Employee benefits	EUR million	289.2	289.0	293.7	262.9	311.9
Depreciation, amortization and impairment	EUR million	66.0	59.4	61.6	76.1	59.6
% of net sales	%	5.8	4.8	4.9	6.8	5.5
Cash flow from operating activities	EUR million	220.8	-61.4	122.9	199.2	96.5
Capital expenditure	EUR million	50.8	48.1	34.4	30.0	40.0
% of net sales	%	4.5	3.9	2.7	2.7	3.7
Research and development costs in income statement	EUR million	19.8	20.8	15.5	16.5	18.4
% of net sales	%	1.8	1.7	1.2	1.5	1.7

Equity attributable to equity holders of the parent company	EUR million	819.9	831.6	812.1	757.8	760.9
Non-controlling interest	EUR million	3.8	4.1	4.2	3.8	3.6
Equity total	EUR million	823.7	835.6	816.3	761.6	764.5
Net interest-bearing debt	EUR million	446.7	325.3	144.4	143.7	261.1
Net debt/LTM EBITDA excl. IAC	ratio	2.54	1.55	0.67	0.78	1.91
Working capital	EUR million	304.2	337.2	164.5	134.2	194.4
Balance sheet total	EUR million	1,754.9	1,585.4	1,435.5	1,342.0	1,364.3

Return on investment	%	8.7	12.1	15.3	9.9	6.0
Return on equity	%	8.4	12.0	11.1	9.0	5.3
Equity ratio	%	46.9	52.7	56.9	56.8	56.0
Net gearing	%	54.2	38.9	17.7	18.9	34.2

Personnel (FTE), average		6,133	6,273	6,081	6,104	6,840
Personnel, end of period		7,162	6,595	6,690	6,411	6,984
of which outside Finland		6,084	5,432	5,579	5,348	5,852