Brief: Fiskars Cuts Outlook For 2022

Fiskars

14/12/2022 15:47

Dec 14 (Reuters) - Fiskars Oyj Abp  FSKRS.HE :
    * INSIDE INFORMATION, PROFIT WARNING: FISKARS LOWERS ITS
OUTLOOK
FOR 2022
    * NOW EXPECTS COMPARABLE EBIT IN 2022 TO BE APPROXIMATELY
EUR 150
MILLION
    * LOWERS ITS OUTLOOK FOR 2022 AS A RESULT OF WEAKER THAN
ANTICIPATED DEMAND IN Q4.
    * LOW CONSUMER CONFIDENCE TOGETHER WITH RETAILERS' ELEVATED
INVENTORY LEVELS HAVE REDUCED CUSTOMERS' NEW ORDERS MORE THAN
ANTICIPATED
    * PREVIOUS GUIDANCE: COMPARABLE EBIT TO INCREASE FROM 2021
WHEN IT
WAS EUR 154.2 MILLION

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