Brief: Fiskars Repeats Guidance

Fiskars

26/10/2023 06:52

Oct 26 (Reuters) - Fiskars Oyj Abp  FSKRS.HE :
    * FISKARS CORPORATION'S INTERIM REPORT FOR JANUARY-SEPTEMBER
2023
    * CHALLENGING AND VOLATILE MARKET CONDITIONS ARE EXPECTED TO
CONTINUE IN Q4
    * EXPECTS LOW CONSUMER CONFIDENCE IN COMPANY'S MAIN MARKETS,
AS
WELL AS RETAILER CUSTOMERS' FOCUS ON INVENTORY MANAGEMENT, WILL
NEGATIVELY AFFECT DEMAND AND SALES
    * PLANNED ORGANIZATIONAL CHANGES ARE EXPECTED TO LEAD TO
TOTAL
ANNUAL COST SAVINGS OF EUR 25 MILLION, OUT OF WHICH MAJORITY
WOULD REALIZE DURING 2024
    * REPEATS GUIDANCE AND NOW EXPECT COMPARABLE EBIT IN 2023 TO
BE IN
RANGE OF EUR 100-120 MILLION
    * OUTLOOK: EXPECT A POSITIVE COMPARABLE EBIT CONTRIBUTION
FROM
GEORG JENSEN ACQUISITION IN Q4

Source text for Eikon:  ID:nWkr5bCqZj 
Further company coverage:  FSKRS.HE 

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