Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Third party research

Fiskars: Back to organic growth - adjusted EBIT largely in line with expectations - Nordea

Fiskars

This is a third party research report and does not necessarily reflect our views or values

Download report (PDF)
Fiskars Q1 adjusted EBIT of EUR 26.8m came 1% above Modular Finance consensus expectations. Net sales were up 3% y/y to EUR 292m and came 3% above consensus. On comparable basis, sales were up 2% y/y (we had modelled -1%). Comparable direct-to-consumer sales were up 9% y/y driven by both e-commerce and offline channels. Comparable gross margin was 47.5%, down 80bp y/y driven by Fiskars BA. Both business areas beat consensus on EBIT while Other costs were above expectations. Q1 operating cash flow was EUR -2m (EUR -6m a year ago). Fiskars maintained its guidance for 2025 and expects adjusted EBIT to improve from EUR 111.4m in 2024. Consensus has been expecting EUR 123m adjusted EBIT, a 10% increase in 2025E. Initially, despite positive organic growth and supportive comments around tariffs, we expect consensus to make only minor EBIT adjustments on the back of the Q1 report.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.