Brief: Fiskars Q1 EBITA Rises To EUR 49.1 Million

Fiskars

29/04/2021 06:38

April 29 (Reuters) - Fiskars Oyj Abp  FSKRS.HE :
    * FISKARS INTERIM REPORT JANUARY-MARCH 2021
    * Q1 NET SALES INCREASED BY 17.9% TO EUR 302.1 MILLION (Q1
2020:
256.2)
    * Q1 EBITA INCREASED TO EUR 49.1 MILLION (11.9)
    * FISKARS GROUP HAD AN EXCELLENT START TO YEAR, DRIVEN BY
BROAD-BASED POSITIVE DEVELOPMENT
    * STRONG MOMENTUM FROM SECOND HALF OF 2020 CONTINUED IN Q1.
    * FISKARS CORPORATION UPGRADED ITS GUIDANCE ON OUTLOOK FOR
2021,
WHICH WAS ORIGINALLY ISSUED ON FEBRUARY 5, 2021 AND UPGRADED ON
MARCH 24, 2021
    * OUTLOOK 2021: COMPANY EXPECTS STRONG MOMENTUM IN Q1 TO
CONTINUE,
AND NOW EXPECTS COMPARABLE EBITA FOR 2021 TO BE IN RANGE OF EUR
130 - 145 MILLION.
    * VISIBILITY CONTINUES TO BE LOW DUE TO COVID-19 PANDEMIC,
WHICH
IS PROFOUNDLY IMPACTING CONSUMERS' LIVES IN TERMS OF CHANGES IN
FOR EXAMPLE DISPOSABLE INCOME, PURCHASING CHOICES AND CONSUMER
BEHAVIOR.
    * THESE MAY BRING CHALLENGES AS WELL AS OPPORTUNITIES FOR
FISKARS
GROUP.
    * SEASONALITY OF BOTH TRADE AND CONSUMER DEMAND MAY CONTINUE
TO
DIFFER FROM A TYPICAL YEAR.
    * AS WE HAVE STATED PREVIOUSLY, IN 2021 WE WILL FOCUS ON
EXECUTING
ON OUR STRATEGY AND COMPLETING ONGOING PROGRAMS
    * DEMAND IN US MARKET HAS CONTINUED TO BE STRONG,
PARTICULARLY IN
GARDENING CATEGORY, WHERE OUR CUSTOMERS HAVE PLACED ORDERS
EARLIER THAN USUAL
    * OUR GROWTH EFFORTS IN CONTINENTAL EUROPE HAVE ALSO
CONTINUED TO
SHOW GOOD RESULTS.
    * ADDITIONALLY, VITA SEGMENT HAS CONTINUED TO GROW IN CHINA
AS
WELL AS IN IMPORTANT E-COMMERCE CHANNEL

Source text for Eikon:  ID:nWkr4k3vwr 
Further company coverage:  FSKRS.HE 

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