'No signs of costs pressure,' Fiskars rises on strong Q1

Fiskars

29/04/2022 08:37

** Shares in Fiskars  FSKRS.HE  rise 2.7 % after the Finnish
home and gardening tools maker posted strong Q1 results despite
inflation costs  urn:newsml:reuters.com:*:nFWN2WQ2UA
    ** Fiskars reports Q1 comparable EBIT of EUR 51.8 million
($54.60 million), up 11.1% y/y, and it maintains the 2022
guidance
    ** It says it managed to mitigate factors such as global
supply chains, raw material and energy price inflation
    ** Inderes says Q1 was strong and beat expectations, adding
that the company continued impressive growth and managed to
improve gross margin despite inflation costs
    ** "There were no signs of costs pressure in the results" -
Inderes


($1 = 0.9488 euros)

 (Reporting by Marta Frackowiak)
 ((marta.frackowiak@thomsonreuters.com))