Brief: Fiskars Q4 EBITA Rises To EUR 47.2 Million

Fiskars

05/02/2021 07:09

Feb 5 (Reuters) - Fiskars Oyj Abp  FSKRS.HE :
    * FISKARS GROUP FINANCIAL STATEMENT RELEASE 2020
    * Q4 NET SALES INCREASED BY 1.7% TO EUR 313.3 MILLION (Q4
2019:
308.0)
    * Q4 EBITA INCREASED BY 47.5% TO EUR 47.2 MILLION (32.0)
    * BOARD OF DIRECTORS PROPOSES TO ANNUAL GENERAL MEETING THAT
A
DIVIDEND OF EUR 0.60 PER SHARE SHALL BE PAID FOR FINANCIAL
PERIOD THAT ENDED ON DECEMBER 31, 2020
    * OUTLOOK 2021: IN 2021, COMPARABLE2) EBITA IS EXPECTED TO
BE
LOWER THAN IN 2020, BUT ABOVE EUR 110 MILLION
    * STRONG MOMENTUM CONTINUED IN SEASONALLY IMPORTANT Q4.
    * BENEFITS FROM ONGOING RESTRUCTURING AND TRANSFORMATION
PROGRAMS
ARE EXPECTED TO FULLY MATERIALIZE IN 2022
    * VOLATILITY INCREASED DUE TO PANDEMIC AND VISIBILITY
DECREASED
    * PANDEMIC HAD A SIGNIFICANT NEGATIVE IMPACT ON BUSINESS
AREA VITA
THROUGHOUT YEAR
    * IN 2021, WE PLAN TO COMPLETE TWO ON-GOING TRANSFORMATION
PROGRAMS, AIMING AT INCREASING SIMPLICITY AND EFFICIENCY

Source text for Eikon:  ID:nWkr5fbJtf 
Further company coverage:  FSKRS.HE 

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