Finland's Fiskars Q2 comparable sales up 2.7% on Business Area Vita boost
Finland's Fiskars Q2 comparable sales up 2.7% on Business Area Vita boost
Overview
Finland home and garden products maker's Q2 comparable net sales rose 2.7% yr/yr
Comparable EBIT improved to EUR 7.7 mln, while reported EBIT fell due to turnaround costs
Company reiterated 2026 guidance for improved comparable EBIT despite ongoing market uncertainty
Outlook
Fiskars expects 2026 comparable EBIT to improve from 2025's EUR 76.4 mln
Company says uncertainties in global economy and geopolitics expected to continue affecting demand in 2026
Majority of 2026 comparable EBIT expected in second half, mainly driven by Business Area Vita
Result Drivers
VITA GROWTH - Sales growth and early profit recovery in Business Area Vita, led by Georg Jensen and regional brands, supported group results
FREE CASH FLOW - Improved free cash flow driven by lower net working capital and strict capital expenditure management
INVENTORY REDUCTION IMPACT - Ongoing inventory reduction in Vita weighed on EBIT in the short term
Company press release: ID:nWkr60YQ5j
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| EUR 260.90 mln |
|
Q2 EPS |
| -EUR 0.10 |
|
Q2 Adjusted EBIT |
| EUR 7.70 mln |
|
Q2 Adjusted EBIT Margin |
| 3.00% |
|
Q2 EBIT |
| EUR 1.30 mln |
|
Q2 Pretax Profit |
| -EUR 9.60 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the appliances, tools & housewares peer group is "buy."
Wall Street's median 12-month price target for Fiskars Corp is €13.00, about 2% above its July 15 closing price of €12.74
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)