Fiskars: Surges as Q3 results improve amid cost savings
30/10/2020 08:39
** Shares in home and outdoor tools maker Fiskars FSKRS.HE
rise 9% after the company delivered progress in Q3
profitability, citing "quick and decisive" savings following the
COVID-19 outbreak urn:newsml:reuters.com:*:nFWN2HK21H
** Fiskars' Q3 EBIT increased to 35.6 million euros ($46
million) from 4.1 million euros a year ago and according to
Inderes came in above 9.4 million euros seen by consensus
** "Astonishingly strong result", Inderes analyst Petri
Kajaani says, adding that the growth in results was mainly thaks
to Terra and Crea units
** Fiskars shares has risen 14% year to date, driven also by
a huge beat in Q2 urn:newsml:reuters.com:*:nL5N2F12XV
($1 = 0.8461 euros)
((boleslaw.lasocki@tr.com))