Outlook for 2021

October 13, Fiskars upgrades its outlook for 2021

In 2021, comparable EBITA is expected to be in the range of EUR 160-170 million. The upgrade is based on the company’s better than expected financial performance during the third quarter, in particular towards the end of the quarter. A central factor is that Fiskars has so far successfully mitigated the global supply chain challenges, which have previously been highlighted as a material risk for the full-year financial performance.

June 23, Fiskars upgrades its outlook for 2021

Fiskars upgrades its outlook for 2021 as the company’s financial performance in the second quarter has been better than previously expected. The company now expects the comparable EBITA for 2021 to be in the range of EUR 140-160 million.

April 19, Fiskars upgrades its outlook for 2021

Fiskars upgrades its outlook for 2021 as the company expects the strong momentum in the first quarter to continue. The company now expects the comparable EBITA for 2021 to be in the range of EUR 130 – 145 million.

March 24, Fiskars upgrades its outlook for 2021 thanks to a strong start to the year

Fiskars’ outlook for 2021 has improved as a result of the better than expected performance during the first quarter. The company now expects the comparable EBITA to be lower than in 2020, but above EUR 120 million.

Financial Statement Release 2020

In 2021, comparable EBITA is expected to be lower than in 2020, but above EUR 110 million.

Visibility continues to be low due to the COVID-19 pandemic, which is profoundly impacting consumers’ lives in terms of changes in for example disposable income, purchasing choices and consumer behavior. These may bring challenges as well as opportunities for Fiskars Group. The majority of the savings in 2020 were temporary in nature and impacted for example marketing. To ensure sustainable business in the long-term, similar temporary cost savings cannot be maintained for a prolonged period of time. Furthermore, the benefits from the ongoing Restructuring and Transformation programs are expected to fully materialize in 2022. More detailed discussion on potential risks and uncertainties can be found in the Risks and business uncertainties -section of this Financial Statement Release.

Outlook for 2020

Outlook for 2020 reinstated on October 13, 2020

In 2020, Fiskars expects the comparable EBITA to increase from 2019.
 

Outlook for 2020 withdrawn on March 19, 2020

Fiskars Corporation has withdrawn its guidance on the outlook for 2020, which was issued on February 5, 2020. Due to the COVID-19 outbreak, the comparable EBITA is unlikely to increase in 2020. The situation continues to evolve rapidly, at this time it is not possible to make reasoned estimates on the potential impact for the full year. Fiskars expects to guide the outlook for the full year 2020, once a more reliable estimate can be made.
 

Financial statement release 2019

In 2020, Fiskars expects the comparable EBITA to increase from 2019. Fluctuations in currency rates might have a considerable impact on comparable EBITA.

Fiskars continues to invest in future growth and is focused on improving profitability through the ongoing transformation programs, which are expected to be completed by the end of 2021. Therefore, the company is not providing an outlook for comparable net sales for 2020.

Furthermore, there are uncertainties in several key markets, such as potential changes in tariffs or repercussions from the novel corona virus outbreak that could have an impact on the full year development.

Items affecting comparability in EBITA includes restructuring costs, impairment charges, integration related costs, acquisitions and divestments, and gain and loss from the sale of businesses.

Outlook for 2019

October 16, 2019 Fiskars lowers its outlook for comparable net sales in 2019

Fiskars lowers its comparable net sales guidance for the full year 2019. Fiskars now expects that the comparable net sales will be below the previous year’s level. Previously, Fiskars expected comparable net sales to be at the same level as in 2018. Fiskars continues to expect that in 2019, the comparable EBITA will be below the previous year’s level.

Half-year financial statement 2019

OUTLOOK FOR COMPARABLE EBITA IN 2019 UPDATED (MAY 17, 2019)
In 2019, Fiskars expects the Group’s comparable net sales to be at the same level as in 2018 and comparable EBITA to be below the previous year’s level.

The outlook is influenced by the company’s investments in growth initiatives that are expected to add sustainable value in the long-term. In addition, there are continued material risks relating to changes in the operating environment, e.g. Brexit and potential further increases to the U.S. tariffs. An unfavorable outcome of these risks might have a significant impact on the comparable net sales and comparable EBITA. Furthermore, fluctuations in currency rates might also have a considerable impact on comparable EBITA.

Comparable net sales excludes the impact of exchange rates, acquisitions and divestments. Items affecting comparability in EBITA include restructuring costs, impairment charges, integration related costs, acquisitions
and divestments, and gain and loss from the sale of businesses.

May 17, 2019 Fiskars lowers its outlook for comparable EBITA in 2019, comparable net sales outlook unchanged

Fiskars Corporation lowers its guidance for the comparable EBITA for the full year 2019. Fiskars now expects that the comparable EBITA will be below the previous year’s level. Previously, Fiskars expected comparable net sales and comparable EBITA to be at the same level as in 2018.

Interim report Q1 2019

In 2019, Fiskars Group expects the comparable net sales and comparable EBITA to be at the same level as in 2018. The outlook is influenced by the company’s investments in growth initiatives that are expected to add sustainable value in the long-term. In addition, there are material risks relating to changes in the operating environment, e.g. Brexit and the U.S. tariffs. An unfavorable outcome of these risks might have a significant impact on the comparable net sales and comparable EBITA. Furthermore, fluctuations in currency rates might also have a considerable impact on comparable EBITA.

Comparable net sales excludes the impact of exchange rates, acquisitions and divestments. Items affecting comparability in EBITA include restructuring costs, impairment charges, integration related costs, acquisitions and divestments, and gain and loss from the sale of business.

Financial statement release 2018

In 2019, Fiskars Group expects the comparable net sales and comparable EBITA to be at the same level as in 2018.

The outlook is influenced by the company’s investments in growth initiatives that are expected to add sustainable value in the long-term. In addition, there are material risks relating to changes in the operating environment, e.g. Brexit and the U.S. tariffs. An unfavorable outcome of these risks might have a significant impact on the comparable net sales and comparable EBITA. Furthermore, fluctuations in currency rates might also have a considerable impact on comparable EBITA.

Comparable net sales excludes the impact of exchange rates, acquisitions and divestments. Items affecting comparability in EBITA include restructuring costs, impairment charges, integration related costs, acquisitions and divestments, and gain and loss from the sale of businesses.

Outlook 2018

Interim report January–September 2018

In 2018, Fiskars expects the Group’s comparable net sales to be slightly below the previous year. Comparable EBITA is expected to increase from 2017. The fourth quarter of the year is significant both in terms of net sales and profitability.

Comparable net sales excludes the impact of exchange rates, acquisitions and divestments. Items affecting comparability in EBITA include restructuring costs, impairment charges, integration related costs, acquisitions and divestments, and gain and loss from the sale of businesses.

July 18, 2018 Fiskars lowers its outlook for net sales in 2018, EBITA outlook unchanged

Fiskars Group lowers its comparable net sales guidance for the full year 2018. Fiskars now expects that the comparable net sales will be slightly below the previous year. Previously, Fiskars expected comparable net sales to increase from 2017. Fiskars continues to expect that in 2018, the comparable EBITA will increase from 2017.

Interim report January–March 2018

Outlook for 2018 unchanged:

In 2018, Fiskars expects the Group’s comparable net sales and comparable EBITA to increase from 2017.

Financial statement release 2017

In 2018, Fiskars expects the Group’s comparable net sales and comparable EBITA to increase from the year 2017.

The comparable net sales excludes the impact of exchange rates, acquisitions and divestments. Items affecting comparability in EBITA excludes restructuring costs, impairment charges, integration related costs, acquisitions and divestments, and gain and loss from the sale of businesses.

Outlook for 2017

Interim report January–September 2017

Outlook for 2017 specified: Fiskars expects the Group’s net sales, excluding the net sales of businesses divested in 2016 (2016: EUR 1,180 million) and comparable EBITA (2016: EUR 107 million) to increase from the previous year. Should the weakening of the U.S. dollar continue during the remainder of the year, the net sales, excluding the net sales of businesses divested in 2016, may stay at the same level with the previous year, due to the translation exposure. Fiskars expects the comparable net sales to increase from the previous year.

Half year financial report January–June 2017

Outlook for 2017 unchanged: Fiskars expects the Group’s net sales, excluding net sales of businesses divested in 2016 (2016: EUR 1,180 million) and comparable EBITA (2016: EUR 107 million) to increase from the previous year. The comparable EBITA excludes restructuring costs, impairment charges, integration related costs, and gain and loss from the sale of businesses.

Fiskars operates globally with a considerable part of the business in the U.S. Translation exposure may have a material impact on reported financial figures. The fourth quarter is significant both in terms of net sales and profitability.

Fiskars’ Other segment includes investments, which are treated as financial assets at fair value through profit or loss. This increases the volatility of Fiskars’ financial items and taxes in the profit and loss statement and thus the volatility of Fiskars’ net results and earnings per share.

Interim report January–March 2017

Fiskars expects the Group’s net sales, excluding net sales of businesses divested in 2016 (2016: EUR 1,180 million) and comparable EBITA (2016: EUR 107 million) to increase from the previous year. The comparable EBITA excludes restructuring costs, impairment charges, integration related costs, and gain and loss from the sale of businesses.

Fiskars operates globally with a considerable part of the business in the U.S. Translation exposure may have a material impact on reported financial figures. The fourth quarter is significant both in terms of net sales and profitability.

Fiskars’ Other segment includes investments, which are treated as financial assets at fair value through profit or loss. This increases the volatility of Fiskars’ financial items and taxes in the profit and loss statement and thus the volatility of Fiskars’ net results and earnings per share.

Financial statement release 2016

Fiskars expects the Group’s net sales, excl. net sales of businesses divested in 2016 (2016: EUR 1,180 million) and adjusted EBITA (2016: EUR 107 million) to increase from the previous year.

Fiskars operates globally, with a considerable part of the business in the U.S. Translation exposure may have a material impact on reported financial figures. The fourth quarter is significant both in terms of net sales and adjusted operating profit. The adjusted EBITA excludes restructuring costs, impairment charges, integration related costs, and gain and loss from the sale of businesses.

Fiskars’ Other segment includes investments, which are treated as financial assets at fair value through profit or loss. This increases the volatility of Fiskars’ financial items in the profit and loss statement and thus the volatility of Fiskars’ net results and earnings per share.

Outlook for 2016

Interim Report January–September 2016

Fiskars expects the Group’s 2016 net sales and adjusted operating profit to increase from the previous year, despite the divestments, continued economic uncertainty – particularly in some of the company’s key markets – and the increased costs due to unfavorable exchange rates in 2016.

The majority of the increase in net sales and adjusted operating profit is expected from the addition of the English & Crystal Living business, which is now a part of Fiskars for the full-year 2016. Due to seasonality, the majority of the operating profit in the Living business is delivered during the second half of the year, whereas in the divested businesses all of the profits were delivered during the first half of the year. Fiskars continues to sharpen focus on its core businesses, build brand equity and bring innovative new products to the market, with the goal to accelerate profitable growth.

The adjusted operating profit excludes restructuring costs, impairment charges, integration related costs, and profit impact from the sale of businesses.

Fiskars’ Other segment includes investments, which are treated as financial assets at fair value through profit or loss. This increases the volatility of Fiskars’ financial items in the profit and loss statement and thus the volatility of Fiskars’ net results and earnings per share.

Half Year Report January–June 2016

Fiskars expects the Group’s 2016 net sales and adjusted operating profit to increase from the previous year, despite the divestments, continued economic uncertainty – particularly in some of the company’s key markets – and the increased costs due to unfavorable exchange rates in 2016.

The majority of the increase in net sales and adjusted operating profit is expected from the addition of the English & Crystal Living business, which is now a part of Fiskars for the full-year 2016. Due to seasonality, the majority of the operating profit in the Living business is delivered during the second half of the year, whereas in the divested businesses all of the profits were delivered during the first half of the year. Fiskars continues to sharpen focus on its core businesses, build brand equity and bring innovative new products to the market, with the goal to accelerate profitable growth.

The adjusted operating profit excludes restructuring costs, impairment charges, integration related costs, and profit impact from the sale of businesses. Fiskars’ Other segment includes investments, which are treated as financial assets at fair value through profit or loss. This increases the volatility of Fiskars’ financial items in the profit and loss statement and thus the volatility of Fiskars’ net results and earnings per share.

Interim Report January–March 2016

Fiskars expects the Group’s 2016 net sales and adjusted operating profit to increase from the previous year, despite the divested businesses, continued economic uncertainty – particularly in some of the company’s key markets – and the increased costs due to unfavorable exchange rates in 2016.

The majority of the increase in net sales and adjusted operating profit is expected from the addition of the English & Crystal Living business, which is now a part of Fiskars for the full-year 2016. Fiskars continues to seek growth through targeted investments in brands and new product development and to sharpen its focus on core businesses. The adjusted operating profit excludes restructuring costs, impairment charges, integration related costs, and profit impact from the sale of businesses.

Fiskars’ Other segment includes investments, which are treated as financial assets at fair value through profit or loss. This increases the volatility of Fiskars’ financial items in the profit and loss statement and thus the volatility of Fiskars’ net results and earnings per share.

Financial statement release 2015

Fiskars expects the Group’s 2016 net sales and adjusted operating profit to increase from the previous year, despite the divested businesses, continued economic uncertainty particularly in some of the company’s key markets and despite the increased costs due to unfavorable exchange rates in 2016. The majority of the increase in net sales and adjusted operating profit is expected from the addition of the English & Crystal Living business, which is now a part of Fiskars for the full-year 2016. Fiskars continues to seek growth through targeted investments in brands and new product development as well as sharpen its focus on core businesses. The adjusted operating profit excludes restructuring costs, impairment charges and integration related costs.

Fiskars’ Other segment includes investments, which are treated as financial assets at fair value through profit or loss. This increases the volatility of Fiskars’ financial items in the profit and loss statement and thus the volatility of Fiskars’ net results