Fiskars shares shine as Q2 beats expectations despite headwinds
28/07/2022 08:56
** Shares in Fiskars FSKRS.HE rise nearly 6% after the
Finnish home and gardening tools maker posted
better-than-expected Q2 results and confirmed its 2022 outlook
urn:newsml:reuters.com:*:nL8N2Z91FV
** "Despite many negative factors, Fiskars managed to grow
its revenues by almost 8%, beating expectations", Inderes says
** Fiskars keeps its outlook unchanged, adding, however, the
operating environment continues to be unpredictable and volatile
and not all impacts on the business can be foreseen
** Inderes sees the maintained guidance as a good sign of
company's ability to control expenses
** Shares in Fiskars are enjoying their best day in three
months with today's gains adding EUR 51.9 mln to the company's
market cap
(Reporting by Agnieszka Gosciak-Rabalska)
((agnieszka.gosciak@thomsonreuters.com))