Fiskars

Fiskars hosted its CMD event yesterday. The company announced new financial targets for 2026-30 which underpin profit turnaround in BA Vita and top line recovery in BA Fiskars. Focus in the CMD was clearly in BA Vita's turnaround and we note the company...

Fiskars has released new financial targets ahead of the CMD today. The company targets 4-6% FX-neutral growth in BA Vita and 3-5% in BA Fiskars for 2026-30. BA Vita growth target is largely in line with our expectation but above Modular Finance consensus...

Fiskars' Q1 results were strong, driven by the Fiskars business area (BA Fiskars). The company has been able to mitigate US tariff impacts and expects a positive delta from changes to steel tariffs from April. Profitability for the Vita business area...

Fiskars Q1 adjusted EBIT of EUR 25.0m came 26% above Modular Finance consensus expectations with in line top line. Net sales were down 3% y/y to EUR 283m with 2% y/y comparable sales growth (we had modelled +0.7%). Fiskars BA comparable sales were stable...

The overall demand situation has remained soft in most of Fiskars' key markets. H1 is seasonally important for Fiskars BA, and we note cautiousness in the important US market. We also believe a cold winter in the Nordics could affect Q1 gardening sales...