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

		2025	2024	2023	2022	2021

Net sales	EUR million	1,140.2	1,157.1	1,129.8	1,248.4	1,254.3
of which outside Finland	EUR million	1,036.5	1,055.1	1,024.0	1,136.0	1,142.0
in percent of net sales	%	90.9	91.2	90.6	91.0	91.0
export from Finland	EUR million	20.2	20.2	21.2	20.4	24.2
Change of net sales, %	%	-1.5	2.4	-9.5	-0.5	12.4

Gross profit	EUR million	535.1	517.0	511.4	555.9	539.8
% of net sales	%	46.9	44.7	45.3	44.5	43.0
Comparable gross profit	EUR million	537.4	564.1	528.7	560.2	543.7
% of net sales	%	47.1	48.8	46.8	44.9	43.3
EBIT	EUR million	38.1	37.1	98.9	134.7	142.8
% of net sales	%	3.3	3.2	8.7	10.8	11.4
Comparable EBIT	EUR million	76.4	111.4	110.3	151.0	154.2
% of net sales	%	6.7	9.6	9.8	12.1	12.3
EBITDA	EUR million	122.2	119.6	164.9	194.1	204.4
Comparable EBITDA	EUR million	155.3	193.5	175.8	210.3	215.7
Change in fair value of biological assets	EUR million	4.5	6.5	4.8	1.1	1.3
Financial items net	EUR million	-30.0	-25.2	-24.0	-11.7	0.0
% of net sales	%	-2.6	-2.2	-2.1	-0.9	0.0
Profit before taxes	EUR million	12.5	18.5	79.7	124.1	144.1
% of net sales	%	1.1	1.6	7.1	9.9	11.5
Income tax	EUR million	-2.9	8.9	-9.7	-25.0	-56.5

Profit for the period attributable to the equity holders in the parent company	EUR million	9.3	27.1	69.9	98.2	86.6
% of net sales	%	0.8	2.3	6.2	7.9	6.9
Profit for the period attributable to the non-controlling interest	EUR million	0.2	0.3	0.2	0.9	0.9

Employee benefits	EUR million	288.4	301.8	289.2	289.0	293.7
Depreciation, amortization and impairment	EUR million	84.1	82.5	66.0	59.4	61.6
% of net sales	%	7.4	7.1	5.8	4.8	4.9
Amortization and impairment, Intangible assets and goodwill	EUR million	20.4	20.3	15.1	13.8	14.0
Depreciation and impairment, Tangible assets and investment property	EUR million	23.9	24.5	21.6	20.7	22.5
Depreciations, Right-of-use assets	EUR million	39.8	37.7	29.3	24.9	25.1
Cash flow from operating activities	EUR million	100.8	112.3	220.8	-61.4	122.9
Cash flow from operating activities before financial items and taxes	EUR million	128.2	145.4	247.5	-24.9	164.2
Free cash flow	EUR million	76.3	81.7	184.9	-100.7	93.3
Free cash flow/comparable net profit	%	197.3	94.8	231.0	-90.0	97.4
Capital expenditure	EUR million	43.5	52.5	50.8	48.1	34.4
% of net sales	%	3.8	4.5	4.5	3.9	2.7
Research and development costs in income statement	EUR million	22.9	18.8	19.8	20.8	15.5
% of net sales	%	2.0	1.6	1.8	1.7	1.2

Equity attributable to equity holders of the parent company	EUR million	710.4	792.2	819.9	831.6	812.1
Equity attributable to non-controlling interest	EUR million	4.3	4.3	3.8	4.1	4.2
Equity total	EUR million	714.7	796.5	823.7	835.6	816.3
Net debt	EUR million	513.4	493.9	446.7	325.3	145.0
Net debt/LTM EBITDA excl. IAC	ratio	3.31	2.55	2.54	1.55	0.67
Working capital	EUR million	286.2	281.2	304.2	337.2	164.5
Balance sheet total	EUR million	1,642.1	1,711.1	1,754.9	1,585.4	1,435.5

Return on investment	%	3.8	3.7	8.7	12.1	15.3
Return on equity	%	1.3	3.4	8.4	12.0	11.1
Equity ratio	%	43.5	46.5	46.9	52.7	56.9
Net gearing	%	71.8	62.0	54.2	38.9	17.7

Personnel (FTE), average		6,145	6,446	6,133	6,273	6,081
Personnel, end of period		6,594	6,850	7,162	6,595	6,690
of which outside Finland		5,571	5,808	6,084	5,423	5,579