Brief: Fiskars Oyj Q2 EBITA Increased To EUR 41.9 Million (27.5)

Fiskars

29/07/2021 06:32

July 29 (Reuters) - Fiskars Oyj Abp  FSKRS.HE :
    * FISKARS GROUP HALF-YEAR FINANCIAL REPORT JANUARY-JUNE 2021
    * FISKARS OYJ ABP - Q2 NET SALES INCREASED BY 9.7% TO EUR 307.2 MILLION (Q2 2020: 280.0)
    * FISKARS OYJ ABP - Q2 EBITA INCREASED TO EUR 41.9 MILLION (27.5)
    * FISKARS OYJ ABP - OUTLOOK FOR 2021 UPGRADED ON JUNE 23, 2021
    * FISKARS OYJ ABP - CONTINUED TO PERFORM WELL DURING Q2, AS OVERALL DEMAND REMAINED STRONG
AND OUR
OWN ACTIONS YIELDED RESULTS
    * FISKARS OYJ ABP - WE HAVE ALSO MADE CHANGES TO OUR CURRENT IT OPERATIONS, WHICH WILL BRING
SAVINGS IN 2022 AND ONWARDS
    * FISKARS OYJ ABP - THERE ARE CHALLENGES IN SUPPLY CHAINS ON A GLOBAL SCALE WHICH CONTINUE
TO
IMPACT OUR OPERATIONS AS WELL.
    * FISKARS OYJ ABP - WE EXPECT CHALLENGES POSED BY INFLATION AND AVAILABILITY ISSUES TO
PERSIST
THROUGHOUT 2021.
    * FISKARS OYJ ABP - WE EXPECT TO CLOSE VITA TRANSFORMATION PROGRAM BY END OF YEAR, WHEREAS
CLOSING
OF RESTRUCTURING PROGRAM MIGHT BE DELAYED UNTIL Q1 OF 2022
    * FISKARS OYJ ABP - FOR VITA TRANSFORMATION PROGRAM, COSTS ARE ESTIMATED TO BE APPROXIMATELY
EUR 5
MILLION LOWER THAN PREVIOUSLY ANTICIPATED AND ESTIMATED BENEFITS WILL BE REALIZED

Source text for Eikon:  ID:nWkr1fj9m2 
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