Finland's Fiskars Q1 comparable net sales rise 2.3%

Fiskars

23/04/2026 06:42

Overview

Finland home and garden products maker's Q1 comparable net sales rose 2.3% yr/yr

Comparable EBIT for Q1 fell 6.6%, impacted by weaker U.S. dollar

Company maintains 2026 guidance for improved comparable EBIT, expects Vita restructuring savings in H2

Outlook

Fiskars expects 2026 comparable EBIT to improve from 2025's EUR 76.4 mln

Company says uncertainties in the global economy and geopolitics continue to limit market visibility

Cost savings in Business Area Vita expected to support EBIT improvement from H2 2026

Result Drivers

CURRENCY IMPACT - Comparable EBIT was negatively affected by a more than EUR 2 mln translation effect from the weakened U.S. dollar

VITA SALES GROWTH - Business Area Vita's sales rose for a third straight quarter, driven by key markets and new product launches, especially Royal Copenhagen's Iris collection

INVENTORY REDUCTION - Vita's EBIT was held back by continued scale-down of manufacturing as it worked to reduce excess inventories

Company press release: ID:nWkr3MTjZ5

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 282.90 mln
Q1 EPS
EUR 0.11
Q1 Adjusted EBIT
EUR 25 mln
Q1 Adjusted EBIT Margin
8.80%
Q1 EBIT
EUR 19.60 mln
Q1 Pretax Profit
EUR 11.10 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 Oyj Abp is €12.00, about 4.2% below its April 22 closing price of €12.52

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.)