Brief: Fiskars Q2 EBIT Up At EUR 39.5 Mln

Fiskars

28/07/2022 06:42

July 28 (Reuters) - Fiskars Oyj Abp  FSKRS.HE :
    * Q2 NET SALES EUR 319.1 MILLION VERSUS EUR 307.2 MILLION
YEAR AGO
    * Q2 EBIT INCREASED TO EUR 39.5 MILLION (38.5)
    * FISKARS GROUP'S HALF-YEAR FINANCIAL REPORT FOR
JANUARY-JUNE 2022
    * OUTLOOK 2022: FISKARS EXPECTS COMPARABLE EBIT TO INCREASE
FROM
2021 (2021: EUR 154.2 MILLION)
    * OUTLOOK 2022: FISKARS CLOSELY MONITORS DEVELOPMENT OF
CONSUMER
CONFIDENCE, WHICH HAS DROPPED TO LOW LEVELS IN MANY OF COMPANY'S
KEY MARKETS AND COULD IMPACT DEMAND FOR ITS PRODUCTS IN SECOND
HALF
    * CHALLENGES RELATING TO GLOBAL SUPPLY CHAINS AND RAW
MATERIAL AND
ENERGY PRICE INFLATION CONTINUE
    * WHILE COMPANY HAS MANAGED TO MITIGATE IMPACTS OF THESE
FACTORS,
THEY CONTINUE TO POSE A RISK FOR 2022 PERFORMANCE
    * COMPANY EXPECTS THAT THERE WILL BE VOLATILITY BETWEEN
QUARTERS
DUE TO TIMING DIFFERENCES BETWEEN COST INFLATION AND RESPECTIVE
MITIGATING ACTIONS
    * OUTLOOK 2022: WITH HALF YEAR NOW BEHIND US, WE KEEP OUR
GUIDANCE
FOR 2022 INTACT AND CONFIRM THAT WE EXPECT COMPARABLE EBIT TO
INCREASE FROM 2021

Source text for Eikon:  ID:nWkr8s1J2p 
Further company coverage:  FSKRS.HE 

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