Fiskars Q3 comparable net sales rise on volume growth
Fiskars Q3 comparable net sales rise on volume growth
Overview
Finland home and outdoor products maker's Q3 comparable net sales rose 3.0% yr/yr
Adjusted EBIT for Q3 increased to EUR 20.2 mln, with margin rising to 7.5%
Q3 earnings per share improved to EUR 0.10 from EUR 0.07
Outlook
Fiskars expects 2026 comparable EBIT to improve from 2025 level of EUR 76.4 mln
Company says global economic and geopolitical uncertainties expected to continue impacting demand in 2026
Company expects EBIT improvement mainly from Vita turnaround savings and performance
Result Drivers
VOLUME GROWTH - Co said higher sales volumes contributed to improved comparable EBIT
BRAND MOMENTUM - Co said Business Area Vita's sales growth was driven by strong performance from Georg Jensen and regional brands
TURNAROUND SAVINGS - Co said savings from Vita's turnaround actions supported improved EBIT
Company press release: ID:nWkr5K9wMS
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| EUR 268.70 mln |
|
Q3 EPS |
| EUR 0.10 |
|
Q3 Adjusted EBIT |
| EUR 20.20 mln |
|
Q3 Adjusted EBIT Margin |
| 7.50% |
|
Q3 EBIT |
| EUR 16.50 mln |
|
Q3 Pretax Profit |
| EUR 10.90 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 €12.50, about 5.3% below its October 21 closing price of €13.20
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago
Reuters Recommended Reads
Oct 22 - Sweden's Careium Q3 sales rise 21.6%, margin improves
Oct 20 - Sweden's Tele2 Q3 sales rise on service revenue growth, cuts guidance
Oct 22 - Finland's Verkkokauppa Q3 revenue misses estimates on weak demand
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.)