contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


fiskars-better-expected-performance-face-headwinds

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Rauli Juva

Fiskars is a manufacturer of products for the home and household. The product range is broad and consists of, for example, scissors, garden and food tools, as well as other products for the home and garden. Operations are held on a global level where the products are sold under various own brands. The largest operations are found in the European market. The headquarters are located in Helsinki.

Here are Thomas’s comments from the call before the quiet period  We received confirmation from the company’s comments that the beginning of the year has continued to be challenging in several markets, although regional differences are noticeable. Our forecast for Q1 adjusted operating profit is EUR 16 million (Q1’25: EUR 27 million), and the messages from the call support our view of a subdued start to the year, which Fiskars already referred to in connection with its Q4 results. In addition, the uncertainty brought by the war in Iran and inflationary pressure may negatively reflect on Fiskars’ demand. We slightly lowered our full-year forecasts in connection with this comment, although the Q1 forecasts remained unchanged.                   Inderes              Fiskars: Alkuvuosi ollut odotetun haastava - Inderes    Iranin sota vaikuttaa mielestämme negatiivisesti yhtiön näkymiin.

Fiskars Group’s Q1 pre-silent period newsletter has now been published: Q1 2026 pre-silent period newsletter (Eng.). In this IR newsletter, you will find a summary of the quarter’s key themes and highlights. You can also subscribe to the newsletters by email at: IR Newsletter - Fiskars Group. Fiskars Group’s silent period begins tomorrow, March 24, 2026, and we will publish our Q1 interim report on April 23, 2026.

Rarely, but they do exist. I also think it’s clear that this split will happen within a few years’ horizon, but I personally see it as an option that they will at least try to improve Vita’s earnings for a couple of years before the demerger. I completely agree (as I’ve written in the reports as well) that with the current earnings, selling Vita is unlikely to succeed at a price that makes sense for Fiskars; so if they want to carry out the split this year, for example, then a listing is indeed the only logical outcome. Well, an updated strategy and Capital Markets Day are coming up in May, so this will likely be discussed there if there is an intention to do something this year.

It’s probably rare in Finland to go for a “conglomerate” approach, where there would actually be several completely separate companies and businesses within the same holding company? I don’t have any statistics on hand, but isn’t it the custom in Finland to either sell off in one go or list on the stock exchange? Of course, it’s possible that I’m still being a complete over-optimist and Fiskars sees no problem in selling the struggling Vita at a steep discount to someone?

It could certainly be that Vita is being spun off as a completely independent company, but publicly, nothing has been communicated about this at any point. So far, there has only been talk about separating segments into independent companies within the group, which will be completed during this quarter. And of course, it was mentioned that this provides structural options etc. That’s why I’m interested in how you came to the conclusion that Vita is being listed?

I finally dumped my Fiskars (and bought Terveystalo instead). For some reason, I was sure for a long time that the folks at Fiskars would be able to “read the room” and cancel the Vita spin-off. Now, since Vita is doing poorly, ergo it can’t be sold as an independent company to anyone for a sensible price, ergo it will be listed on the stock exchange, and because it’s doing poorly, it’s going to dive after the listing. Finally, I had to admit to myself that nope, these lunatics actually mean to move forward with it regardless of everything. Considering the stock is expensive, there’s no sign of an earnings turnaround, and in a year’s time at the latest, the dividend will be slashed, what could be the reason to stay on board with Fiskars?

Here is a fresh company update from Rauli right after the Q4 results  Fiskars’ Q4 results were weak, and we do not expect a quick turnaround this year either. However, the guidance expects a full-year earnings improvement in line with our forecasts. In our view, the stock is already pricing in a significantly better performance. We reiterate our EUR 11.5 target price and Reduce recommendation.                   Inderes              Fiskars Q4'25: Käänne siintää, mutta arvostus on jo edellä - Inderes    Fiskarsin Q4-tulos oli vaisu, eikä nopeaa käännettä ole mielestämme luvassa tänäkään vuonna.

Fiskars

Despite several negative factors, Fiskars was able to grow its comparable net sales by almost 8% in Q2, exceeding expectations. This, together with a margin level that weakened less than expected...

<p>Despite several negative factors, Fiskars was able to grow its comparable net sales by almost 8% in Q2, exceeding expectations. This, together with a margin level that weakened less than expected, resulted in a better-than-expected comparable EBIT. However, as expected, the result was weaker than in the previous year. Fiskars maintained its guidance and continues to expect full-year adjusted EBIT to improve from last year. We raised our estimates for the current year. If the company achieves at least the EBIT level of last year, we think the stock seems attractive. With our revised estimates, EV/EBIT is about 10x. </p> 

	2021	22e	23e
Revenue	1,254.4	1,279.3	1,320.2
growth-%	12.4 %	2.0 %	3.2 %
EBIT (adj.)	154.4	152.7	165.9
EBIT-% (adj.)	12.3 %	11.9 %	12.6 %
EPS (adj.)	1.21	1.45	1.54
Dividend	0.76	0.86	0.96
Dividend %	3.3 %	6.9 %	7.7 %
P/E (adj.)	19.1	8.6	8.1
EV/EBITDA	9.3	5.5	4.6

Fiskars: Better than expected performance in the face of headwinds

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Key Estimate Figures18.07.2022

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