Fiskars: Jumps on "surprise" outlook hike amid growing sales
25/03/2021 08:25
** Shares in Fiskars FSKRS.HE are up 4.5% after the
Finnish home and garden tools maker raised its outlook for 2021
EBITA, citing a strong start to the year urn:newsml:reuters.com:*:nGNE2Dt5Cc
** Fiskars says net sales have increased in Q1 in all
business areas, although visibility remains low due to COVID-19
** "The announcement is the first concrete sign that... the
'home coziness trend' is not fading out yet and consumer demand
will remain strong at the expense of travelling, restaurants and
other services," Inderes analyst Petri Kajaani says
** The outlook upgrade came as a surprise as only a few
weeks ago the company provided very cautious guidance for 2021
urn:newsml:reuters.com:*:nL8N2KB1NC, Kajaani adds, pointing that the second wave of the
pandemic made the company close 20% of its stores
** Fiskars shares wipe off year to date losses
((boleslaw.lasocki@tr.com))