Fiskars: At 3-year high on another outlook hike
20/04/2021 08:15
** Shares in Fiskars FSKRS.HE jump 7% after the Finnish
home and outdoor appliance maker raised its full year
expectations for the second time within a month amid continuing
strong momentum urn:newsml:reuters.com:*:nASN00136G
** Fiskars said on Monday after market close it now sees
full year EBITDA in the range of 130 mln euros-145 mln euros
($157 million-175 million)
** In March the company raised its outlook on EBITDA to
above 120 mln euros but below 2020 level of 137 mln euros,
citing growing sales urn:newsml:reuters.com:*:nL8N2LN28L
** "Revenue and EBITDA outlook clearly outdid our
estimates," Inderes analyst Petri Kajaani says, calling the
second outlook hike within a month "very exceptional"
** Following the new guidance Inderes raises its rating for
the company to "increase" from "reduce", considering the stock
valuation "attractive enough"
** Fiskars stock, up 12% year to date, is at its highest
level since January 2018 and on track for best day in five
months
($1 = 0.8286 euros)
((boleslaw.lasocki@tr.com))