Brief: Fiskars To Make Impairment Of EUR 27 Mln

Fiskars

14/03/2025 13:04

March 14 (Reuters) - Fiskars Oyj Abp FSKRS.HE:

TRANSITIONS TO SAAS-BASED DIRECT-TO-CONSUMER SERVICES AND WRITES OFF RELATED INTANGIBLE DIGITAL & IT ASSETS

AS PART OF THIS TRANSITION, CO WILL MAKE IMPAIRMENT OF EUR 27 MILLION OF INTERNALLY GENERATED INTANGIBLE ASSETS RELATED TO DTC SOFTWARE, ENCOMPASSING BOTH ONLINE AND OFFLINE CHANNELS

WRITE-OFF WILL BE REPORTED AS ITEM AFFECTING COMPARABILITY (IAC) IN Q1 2025

WRITE-OFF HAS NO IMPACT ON COMPANY'S COMPARABLE EBIT AND CASH FLOW AND NO MATERIAL IMPACT ON FINANCIAL POSITION.

Source text: ID:nWkr10jR5g

Further company coverage: FSKRS.HE

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