Fiskars jumps on third outlook hike this year
24/06/2021 08:17
** Shares in Fiskars FSKRS.HE rise 4% after the Finnish
home and gardening tools maker revised its annual outlook
upwards for the third time this year urn:newsml:reuters.com:*:nASN001D6T
** Fiskars now sees comparable EBITA in 2021 in the range of
140-160 million euros ($167-190 million) against the previous
range of 130-145 million euros, citing better-than-expected
performance in Q2
** Fiskars is in a good condition and if strong demand
continues, it is possible for the company to outdo the 2021
expectations, Inderes analyst Petri Kajaani says
** The company already raised its expectations in March and
April amid growing sales and gaining momentum urn:newsml:reuters.com:*:nL8N2LN28L
urn:newsml:reuters.com:*:nL8N2MD1MD
** We saw signs of strong consumer demand this year in
positive profit warnings from Kesko KESKOB.HE and other
companies, Kajaani adds
** Fiskars shares are up 18% year-to-date
($1 = 0.8386 euros)
(Reporting by Boleslaw Lasocki in Gdansk)
((boleslaw.lasocki@tr.com))