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

		2024	2023	2022	2021	2020

Net sales	EUR million	1,157.1	1,129.8	1,248.4	1,254.3	1,116.2
of which outside Finland	EUR million	1,055.1	1,024.0	1,136.0	1,142.0	1,021.9
in percent of net sales	%	91.2	90.6	91.0	91.0	91.5
export from Finland	EUR million	20.2	21.2	20.4	24.2	20.1
Change of net sales, %	%	2.4	-9.5	-0.5	12.4	2.4

Gross profit	EUR million	517.0	511.4	555.9	539.8	452.0
% of net sales	%	44.7	45.3	44.5	43.0	40.5
EBIT	EUR million	37.1	98.9	134.7	142.8	98.0
% of net sales	%	3.2	8.7	10.8	11.4	8.8
Comparable EBIT	EUR million	111.4	110.3	151.0	154.2	109.0
% of net sales	%	9.6	9.8	12.1	12.3	9.8
EBITDA	EUR million	119.6	164.9	194.1	204.4	174.1
Comparable EBITDA	EUR million	193.5	175.8	210.3	215.7	185.1
Change in fair value of biological assets	EUR million	6.5	4.8	1.1	1.3	0.7
Financial items net	EUR million	-25.2	-24.0	-11.7	0.0	-8.9
% of net sales	%	-2.2	-2.1	-0.9	0.0	-0.8
Profit before taxes	EUR million	18.5	79.7	124.1	144.1	89.8
% of net sales	%	1.6	7.1	9.9	11.5	8.0
Income tax	EUR million	8.9	-9.7	-25.0	-56.5	-21.3

Profit for the period attributable to the equity holders in the parent company	EUR million	27.1	69.9	98.2	86.6	67.6
% of net sales	%	2.3	6.2	7.9	6.9	6.1
Non-controlling interests	EUR million	0.3	0.2	0.9	0.9	0.8

Employee benefits	EUR million	301.8	289.2	289.0	293.7	262.9
Depreciation, amortization and impairment	EUR million	82.5	66.0	59.4	61.6	76.1
% of net sales	%	7.1	5.8	4.8	4.9	6.8
Amortization and impairment, Intangible assets and goodwill	EUR million	20.3	15.1	13.8	14.0	28.7
Depreciation and impairment, Tangible assets and investment property	EUR million	24.5	21.6	20.7	22.5	22.8
Depreciations, Right-of-use assets	EUR million	37.7	29.3	24.9	25.1	24.7
Cash flow from operating activities	EUR million	112.3	220.8	-61.4	122.9	199.2
Cash flow from operating activities before financial items and taxes	EUR million	145.4	247.5	-24.9	164.2	223.8
Free cash flow	EUR million	81.7	184.9	-100.7	93.3	173.1
Free cash flow/comparable net profit	%	94.8	231.0	-90.0	97.4	176.9
Capital expenditure	EUR million	52.5	50.8	48.1	34.4	30.0
% of net sales	%	4.5	4.5	3.9	2.7	2.7
Research and development costs in income statement	EUR million	18.8	19.8	20.8	15.5	16.5
% of net sales	%	1.6	1.8	1.7	1.2	1.5

Equity attributable to equity holders of the parent company	EUR million	792.2	819.9	831.6	812.1	757.8
Non-controlling interest	EUR million	4.3	3.8	4.1	4.2	3.8
Equity total	EUR million	796.5	823.7	835.6	816.3	761.6
Net debt	EUR million	493.9	446.7	325.3	145.0	143.7
Net debt/LTM EBITDA excl. IAC	ratio	2.55	2.54	1.55	0.67	0.78
Working capital	EUR million	281.2	304.2	337.2	164.5	134.2
Balance sheet total	EUR million	1,711.1	1,754.9	1,585.4	1,435.5	1,342.0

Return on investment	%	3.7	8.7	12.1	15.3	9.9
Return on equity	%	3.4	8.4	12.0	11.1	9.0
Equity ratio	%	46.5	46.9	52.7	56.9	56.8
Net gearing	%	62.0	54.2	38.9	17.7	18.9

Personnel (FTE), average		6,446	6,133	6,273	6,081	6,104
Personnel, end of period		6,850	7,162	6,595	6,690	6,411
of which outside Finland		5,808	6,084	5,423	5,579	5,348